Munich: Jazouli calls on German investors to seize the opportunities offered by Morocco

Hibapress

The Minister Delegate in charge of Investment, Convergence and Evaluation of Public Policies, Mohcine Jazouli, called, Wednesday in Munich, on German investors to seize the opportunities offered by Morocco and to contribute to strengthening economic relations bilateral.

Speaking at the “Morocco Now” Conference held as part of the Roadshow he is leading in Germany, Mr. Jazouli underlined the exceptional momentum currently experienced by Morocco and Germany, the objective of which is to strengthen trade trade and investments between the two countries. The minister then highlighted the economic reforms undertaken by Morocco over the last 20 years, which have made it possible to build a modern, diversified and open economy, making the Kingdom a major regional market with access to a vast market thanks to its numerous free trade agreements.

And to explain that Morocco is positioned as one of the largest global markets, thanks to more than 50 free trade agreements, notably with the European Union and the United States, thus providing access to a market of 2.5 billion people.

He also highlighted the quality of infrastructure, the competitiveness of ecosystem industries, and the Vision of Morocco, initiated by His Majesty King Mohammed VI, in particular its commitment to the production of renewable energy and green hydrogen, as well as its aspiration to become a regional industrial hub. At the same time, continues Mr. Jazouli, Morocco has strengthened its traditional industries such as agro-industry, textiles and tourism, making them increasingly competitive. In addition, with thriving automotive and aerospace ecosystems, the country has developed high-performance industries now recognized as global benchmarks, he argued.

“At the heart of these advances are Morocco’s exceptionally talented and committed youth, who play a central role in realizing the country’s ambitions. This economic dynamism testifies to Morocco’s desire to prosper and play a major role on the international scene,” affirmed the minister. Furthermore, Mr. Jazouli expressed his confidence in German partners and reaffirmed Morocco’s commitment to economic development and international cooperation.

The “Morocco Now” Conference in Munich was held under the theme “Creating synergies for sustainable partnerships”. It was attended by the Ambassador of the Kingdom of Morocco to the Federal Republic in Germany, Zohour Alaoui, the Deputy Director General at the Federal Ministry of the Economy and Climate Protection, Ursula Borak, the Director General of the Moroccan Agency for the Development of Investments and Exports (AMDIE), Ali Seddiki, the Vice-President General of the General Confederation of Moroccan Enterprises (CGEM), Mehdi Tazi, and the Director General of Investment and Climate of affairs at the ministry, Ghali Skalli. The choice of Munich as the location of this Conference, which brought together more than 200 participants among German and Moroccan businessmen residing in Germany, can be explained according to the organizers by its status as the capital of Bavaria and its central role in the German economy.

After Spain at the end of January, the 2024 tour to promote the Morocco destination to foreign investors and principals continued in Germany as part of a Roadshow organized from April 22 to 25 by AMDIE, in partnership with the Moroccan Embassy in Germany. This Roadshow takes place in a particular context marked by the launch of the “Morocco Offer”, and the realization of several strategic investment agreements in the electric battery sector aimed at the emergence of a national green automobile ecosystem, which could be consolidated with leading German operators.

The tour was marked by meetings with German decision-makers, investors and institutional representatives, as well as visits to sites belonging to the largest German industrial companies in the fields of electrical, electronic technologies and industrial automation.

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