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Monday, June 24, 2024

offshoring.. an investment project that promises 1,000 jobs

Ghaita Mezzour, Minister of Digital Transition and Administration Reform, signed a memorandum of understanding related to an investment project in the field of “outsourcing” services, in the presence of the CEO of the ALTEN Group, Simon Azoulay, at the headquarters of the Ministry of Digital Transition and Administration Reform in Rabat.

The Ministry of Digital Transition and Management Reform stated that this memorandum of understanding with the Canadian international group ALTEN will contribute to creating 1,000 direct and reputable jobs in the field of engineering services outsourcing (ESO) by 2026, with a total investment of 30 million dirhams.

According to the same communication, the agreement falls within the will of the Kingdom of Morocco to enhance the dynamism witnessed by the investment sector in our country in line with the lofty vision of His Majesty King Mohammed VI, who, in his lofty speech, on the occasion of the opening of the first session of the second legislative year of the eleventh legislative mandate, called for the necessity of Today’s bet is on productive investment as a main lever for reviving the national economy and achieving Morocco’s involvement in promising sectors, as it provides job opportunities for young people and funding sources for various social and development programs.

The Ministry of Digital Transition and Administration Reform and the Ministry of Industry and Trade signed a partnership agreement with the internationally leading ALTEN group in engineering and technology consulting, seeking to complete a number of design and study projects for the benefit of the industry, communications and services sectors. The ALTEN group has achieved a turnover of about 3 billion euros in 2021, and currently has 46,000 employees, 90% of whom are engineers.

The ALTEN MAROC Group aims to create its service relay platform in Morocco in order to enhance its activities directed to the world and to keep pace with the growth of research and development activities for car manufacturers in Morocco.

This investment project covers the fields of engineering, banking, insurance, finance, informatics and communications, as it will be implemented in two phases during the period 2026-2022. The first period extends from 2022 to 2024, as it will allow the creation of more than 700 permanent and direct jobs, 88% of which will be allocated to engineers. While the second phase extends from 2025 to 2026, with the aim of achieving more than 300 direct and permanent jobs, 88% of the total is allocated to engineers.

The minister said that this new investment project comes to confirm once again the importance that our country attaches to the fields of information technology and digital, which is translated by the involvement of the government of the Kingdom of Morocco and the rest of the main actors in the digital economy in moving forward to develop this field.

Ghaith Mazor stated that the signing of this memorandum of understanding, which concerns the field of service relocation, is evidence of the centrality of this sector. She added that the ministry is moving forward in keeping pace with and developing this dynamic through solid partnerships linking the public and private sectors, reinforced by the commitment and confidence of investors.

This agreement aims to strengthen the Kingdom of Morocco’s position as a leading regional economic pole, and contribute to accelerating the dynamism of the digital transformation of our country. They are also a translation of the commitment of the Ministry of Digital Transition and Administration Reform to keep pace with competencies in a way that responds to the needs of the international digital market and supports youth employment opportunities and their integration into the momentum of socio-economic development that the Kingdom is witnessing in all fields, in line with the royal will of His Majesty King Mohammed VI, may God protect him.

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