This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from HIBAPRESS, the Arabic version:
Heba Press
The Minister Delegate to the Prime Minister in charge of Investment, Convergence and the evaluation of public policies, Karim Zidane, called, in Seoul, on Korean companies to take advantage of the numerous investment opportunities offered by Morocco , particularly in strategic sectors such as aviation, automobiles, and electronics.
In a speech delivered during the “Morocco Now” conference, organized yesterday Thursday, as part of the promotional tour led by the minister to Japan and Korea, Zidane highlighted the qualities that make the Kingdom a distinguished destination for investments, noting “the importance of Morocco”. ready to receive and support Korean actors in carrying out their projects.
The minister stressed that Morocco, thanks to the visionary vision of His Majesty King Mohammed VI, has been able to impose its position as an economic power and one of the most competitive industrial platforms in the region, highlighting the various qualifications that The Kingdom’s assets include world-class infrastructure, a young and skilled workforce and exceptional capabilities in the field of green energy.
The minister noted that economic relations between Morocco and Korea have been characterized by positive dynamics in recent years.
In this regard, he stressed that “Korea is considered the fifth trading partner of the Kingdom in Asia”, noting that “the potential is still great”, which calls for redoubled efforts to intensify trade between the two country.
Regarding investment, he estimated that the opportunities are more promising, stressing that dozens of Korean companies have invested in Morocco over the last five years, particularly in the fields of automobiles, transport and logistics.
For his part, the Director General of the Moroccan Investment and Export Development Agency, Ali Al-Seddiqi, reviewed the strategic qualifications that make Morocco a major incubator of investments and exports.
This conference, organized by the Moroccan Agency for the Development of Investments and Exports under the slogan “Morocco: a sustainable platform for investment and trade”, took place in the presence of the Moroccan ambassador in Seoul, Chafik Rachadi, general director of the Depot. and Management Fund Group, Khaled Safir, the vice-president of the General Confederation of Moroccan Enterprises, Ghaïtha Lahlou, and the director of “Business Development and African Cooperation” at the Casablanca Financial Place (Casa Finance City), Aziz Al-Khayari. .
The event was also marked by the presence of Korean Minister of Trade, Industry and Energy, Inkyo Cheong, Director of International Affairs of Yura, Joshua Myungun Kim, and Vice President of Hands, Suk Cho-ri.
As part of the second phase of this promotional campaign, Mr. Zidane also held meetings with Mr. Cheung and Park Sang, Minister of Land, Infrastructure and Transport, to discuss ways to strengthen bilateral relations and explore new opportunities for cooperation.
On this occasion, the two parties stressed the importance of exchanging best practices and putting in place new mechanisms to stimulate investments.
Mr. Zidane also met members of the Moroccan community residing in the Republic of Korea, which was an opportunity to highlight the crucial role played by the Moroccan community in encouraging investments in the Kingdom.
The Moroccan delegation also held a series of meetings with Korean industry associations, including the Korea International Trade Association (KITA), the Korean Export-Import Bank (Kexim Bank) and the Korean Aerospace Industries, with the aim of strengthen economic and institutional ties. between the two countries.
Meetings were also held on Thursday and Friday with Korean companies operating in strategic sectors, including aviation, automobiles and electronics, as well as the railway and maritime industries.
These include LG Energy Solutions, Hyundai Motors, HD Hyundai Heavy Industries, POSCO, Samsung C&T, Sewell, Hands and LX International.
These exchanges aim to intensify potential partnerships, strengthen economic cooperation and attract major investments to Morocco.
