Alstom’s new site in Fez was inaugurated on Wednesday at a ceremony chaired by Minister of Industry, Trade and Green and Digital Economy Moulay Hafid Elalamy.
Extending over an area of 3.4 ha, this project with a total cost of MAD 48 million is intended for the manufacture and assembly of cables and electrical cabinets.
This industrial project currently employs around 400 people and aims to create another 350 direct jobs by 2023, according to Alstom.
Accompanied by the wali of the Fès-Meknes region, governor of the prefecture of Fez, Said Zniber, the president of the Fès-Meknes region, Mohand Laenser, and the president of the Municipality of Fez, Idriss Al Azami Idrissi, the minister went to the various workshops of the Alstom company.
“This investment helps breathe new life into the industrial zone, which will be a catalyst for the revival of regional economic activity,” Elalamy stressed on the occasion.
Thanks to the increase in Alstom’s production capacity, new jobs will be created, thus offering local skills the opportunity to assert themselves and contribute to the development of the region, he added, noting that this new investment bodes well for the Alstom group in Morocco.