Investments: Morocco’s offer highlighted in London

Hibapress

The multitude of assets that make Morocco an essential destination for investments were presented on Wednesday in London at the “Morocco Investment Forum”.

The event, organized by the Moroccan Embassy in the United Kingdom, on the sidelines of the 10th edition of “The Africa Debate”, made it possible to present the wide range of opportunities offered by the Kingdom in various sectors, from renewable energies to telecommunications, including automobiles and the manufacturing industry.

Light was shed, among other things, on Morocco’s strategic position and its stability, as well as its commitment to promoting a climate conducive to business, which elements make the kingdom “the ideal gateway” to the African market. .

Speaking on this occasion, the British Secretary of State for Energy Security, Claire Coutinho, praised the “stability enjoyed by Morocco under the leadership of King Mohammed VI”, as well as the solid partnership which unites Morocco and the United Kingdom.

As evidenced by, she noted, the “vigor of our commercial relations, which have reached a record level, with a 31% increase in trade between 2022 and 2023”, ensuring that with the Morocco association agreement -United Kingdom, “this trend is expected to become even more pronounced. »

“We have all the ingredients necessary to realize our shared aspiration for secure energy. We have the talents, the investments, the infrastructure and the innovators,” she listed, stressing that this is the reason why “the alliance between our countries is so important”.

For his part, the Moroccan Ambassador to the United Kingdom, Hakim Hajoui, indicated that Morocco “is establishing itself as a logistics hub, thanks to its strategic geographical position, oriented towards multiple regions and its infrastructure, like the Tangier Med port, but also as a hub for business.

In this sense, Mr. Hajoui recalled that Morocco has a series of free trade agreements, which connect and provide access to a market of 2.5 billion people.

The diplomat then highlighted the stability, security and resilience of the Kingdom, stressing that stability is the “foundation of growth and acceleration of the country’s development at all levels”.

Finally, Mr. Hajoui emphasized Morocco’s energy potential, particularly in terms of renewable energy, as well as the competence of its human resources, which has enabled the development of dynamic industries, such as aviation. , automobiles and defense, ensuring that the assets presented during this forum should allow “to move from intention to conviction, then to action”.

A first round table, devoted to energy and innovation, highlighted Morocco’s potential as a regional leader in the energy sector. A position supported by the abundance of its wind and solar resources and its ability to leverage research and innovation to achieve its energy transition and provide clean and competitive energy to its allies.

A second panel dedicated to infrastructure highlighted the strategic initiatives launched by Morocco and future projects in multiple sectors which represent concrete opportunities for British and international investors, notably with Morocco’s hosting of the World Cup. in 2030.

A final panel highlighted the role of the financial and banking sectors in Morocco in promoting investment, as well as the advantages granted to support private investments.

The various round tables made it possible to connect the main public and private actors of the two countries, with the aim of deepening collaboration between the United Kingdom and Morocco.

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