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Viewing cable 05RABAT2491, MOROCCO ECONOMIC HIGHLIGHTS

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Reference ID Created Released Classification Origin
05RABAT2491 2005-12-14 16:17 2011-08-24 16:30 UNCLASSIFIED Embassy Rabat
VZCZCXRO5355
RR RUEHLMC
DE RUEHRB #2491/01 3481617
ZNR UUUUU ZZH
R 141617Z DEC 05
FM AMEMBASSY RABAT
TO RUEHC/SECSTATE WASHDC 2281
INFO RUEHCL/AMCONSUL CASABLANCA 0969
RUEHAS/AMEMBASSY ALGIERS 3607
RUEHTU/AMEMBASSY TUNIS 8517
RUEHNK/AMEMBASSY NOUAKCHOTT 2893
RUEHFR/AMEMBASSY PARIS 3913
RUEHRO/AMEMBASSY ROME 1403
RUEHMD/AMEMBASSY MADRID 5283
RUEHLO/AMEMBASSY LONDON 2687
RUEATRS/DEPTTREAS WASHDC
RUCPDOC/USDOC WASHDC
RUEHC/DEPT OF LABOR WASHDC
RUEHRC/USDA FAS WASHDC 0825
RUEAORC/USCBP WASHINGTON DC
RUEAIIA/CIA WASHINGTON DC
RUEHLMC/MILLENNIUM CHALLENGE CORPORATION WASHINGTON DC
RHMCSUU/DEPT OF ENERGY WASHINGTON DC
RUEAEPA/HQ EPA WASHINGTON DC
UNCLAS SECTION 01 OF 02 RABAT 002491 
 
SIPDIS 
 
SIPDIS 
 
DEPT FOR NEA/MAG, NEA/OFI AND INL/AAE 
DEPT ALSO FOR EB/TPP, EB/IFD AND DRL/IL 
STATE PASS USTR FOR DOUG BELL 
STATE PASS USAID FOR JENNIFER RAGLAND 
USDOC ITA/MAC/ANESA FOR DAVID ROTH 
USDOC FOR FSC/OIO AND CLDP 
USDOL FOR ILAB 
PARIS FOR ZEYA 
LONDON FOR TSOU 
ROME FOR ROSE 
 
E.O. 12958: N/A 
TAGS: ECON ELAB EAIR SENV SOCI MO
SUBJECT: MOROCCO ECONOMIC HIGHLIGHTS 
 
------------------- 
Unemployment Climbs 
------------------- 
 
1.  Moroccan Government unemployment statistics registered 
10.9 percent during the third quarter of 2005, up half a 
percent from the same period one year earlier.  The economy 
created 65,000 jobs in the building and public works sector, 
and 41,000 in services; but it lost 24,000 jobs in industry 
and 43,000 in agriculture, fishing and forestry. 
Unemployment in urban areas grew from 17.5 to 17.6 percent, 
and rural from 3.0 to 3.9 percent. 
 
------------------------- 
Morocco Buys Five Boeings 
------------------------- 
 
2.  Moroccan national flag carrier Royal Air Maroc (RAM) 
will purchase five Boeing 787 Dreamliners under a contract 
signed in Casablanca in November.  The contract, worth a 
reported $650 million, is the outcome of a request for 
tenders launched by RAM in July to replace its B767s and 
B757s.  Boeing will deliver the first airplane in October 
2008.  The Moroccan carrier says it will purchase 24 medium 
haul aircraft by 2012, part of an ambitious program to 
reinforce and modernize the company's fleet. 
 
--------------------------------- 
Morocco Wins UN Microcredit Prize 
--------------------------------- 
 
3.  Morocco won the UN's "International Year of Microcredit" 
Prize for its efforts to develop microfinance.  The prize 
was awarded in a ceremony at UN headquarters on the margins 
of the Microfinance International Forum.  Morocco is the 
first country from the North Africa and Middle East region 
to win the prize.  Some 2.8 million micro-loans were granted 
in Morocco through the end of September, worth $810 million. 
The country counts 12 micro-credit associations that serve 
almost 600,000 clients, 68 percent of whom are women. 
Morocco seeks to reach one million clients by 2010. 
 
--------------------------------------------- ---- 
Morocco's First Plant for Plastic Waste Recycling 
--------------------------------------------- ---- 
 
4.  The first plant for plastic waste recycling in Morocco 
will be set up under an agreement signed with the group Jet 
International (Julian Environmental Technologies), one of 
the two inventors of a process related to the recycling of 
plastic waste.  The $2.2 million project will be partly 
funded by an Italian government loan.  The plant will 
recycle 1,000 tons of plastic waste into finished products 
such as gutters and duckboards in the first year, and twice 
that in subsequent years.  Morocco produces an average 6.5 
million tons annually of household waste. 
 
-------------------------------------- 
Morocco Joins Europe's GALILEO Program 
-------------------------------------- 
 
5.  On December 13 Morocco formally joined the EU's Galileo 
program, becoming the first African country and the first in 
the Arab world to do so.  Negotiations began in April. 
 
RABAT 00002491  002 OF 002 
 
 
Morocco is the fifth non-European country to join the 
European satellite navigation program, after China, Israel, 
Ukraine and India. 
 
-------------------------------------------- 
Morocco Holds 15 Percent of World's Cork Oak 
-------------------------------------------- 
 
6.  Cork oak forests cover almost 400,000 hectares in 
Morocco, giving the kingdom 15 percent of the land covered 
by cork oak worldwide.  Morocco's cork forests are located 
mainly on the Atlantic plains, central highlands, and the 
Rif mountains in the North.  Cork gathering and oak planting 
activities generate 250,000 workdays per year, accounting 
for the employment of around 1,000 people.  Some 15,000 tons 
of cork is harvested annually, generating $12 million per 
year, or 38 percent of the country's total forest product 
revenue.  Ninety-five percent of Moroccan cork production is 
exported, mostly to Portugal and Spain.