Alphavest Capital and Boeing have signed a memorandum of understanding to collaborate on establishing aerospace centers of excellence in Morocco, a move aimed at enhancing the kingdom's global competitiveness in the aviation industry. The agreement, signed in Casablanca, marks a major milestone in Morocco's aerospace ambitions, reads a press release on Friday. Under the terms of the agreement, Alphavest Capital and Boeing will develop logistics capabilities and set up five centers of excellence focused on engineering, tubes and conduits, complex mechanical parts and sheet metal operations, secondary structures including composite parts, and metal transformation and raw materials distribution. Majid Benmlih, President and CEO of Alphavest Capital, described the agreement as historic, positioning Morocco as a competitive aerospace hub offering strong value in terms of risk, quality, cost, and delivery timelines. He noted that the partnership builds on years of collaboration between the two companies, including the creation and development of TDM Aerospace. Ihssane Mounir, Senior Vice President of Global Supply Chain and Fabrication at Boeing Commercial Airplanes, reaffirmed Boeing's commitment to strengthening Morocco's aerospace supply chain and supporting the development of a highly skilled workforce. The agreement, he said, reflects Boeing's continued support for Morocco's vision of becoming a major player in the global aerospace sector. Alphavest Capital is a Moroccan investment management firm focused on developing high-potential industries through long-term strategic capital deployment. The company manages two sector-specific funds: the Aerospace Fund and the Tech Fund, which supports high-growth startups driving Morocco's digital transformation.
