UPS strengthened its presence in the Kingdom of Morocco by investing sixteen million Moroccan Dirhams (MAD) in UPS Maroc, the share capital of its new subsidiary. After South Africa, Morocco becomes the second African country to host a wholly-owned UPS entity.
The new wholly-owned subsidiary is expected to consolidate UPS’s position, after seventeen years of existence in Morocco, by providing the company’s clients tailor-made solutions and an international network.
Jean-François Condamine, President, UPS Indian Subcontinent, Middle East, and Africa District, said, “Our significant and continuous investments in Africa and the Middle East demonstrate our dedication to help our customers grow in the region and to connect a unified global network. UPS carries the equivalent of 2% of the world’s GDP across 220 countries and territories and successfully delivers more than 18 million packages and documents a day. We want Morocco to benefit from our expertise in order to increase its contribution to the global economy,”
In addition to offices in the economic capital, Casablanca, UPS Maroc plans to open multiple UPS Express centers, especially in Tangier, Rabat, and Marrakech. The expansion of its customs clearance capacities is also scheduled. This set of measures will help to create new local jobs.