Morocco, a Privileged Destination for Japanese Investments

Morocco, as a regional industrial and logistic platform, is a privileged destination for Japanese investments, the Japanese newspaper Nikkei said Thursday.

In an international economic climate marked by uncertainty, the fundamentals of the Moroccan economy are showing signs of resilience that open promising horizons for current and future Japanese investments, the economic daily stressed in a report devoted to Morocco.

“In line with the enlightened vision of HM King Mohammed VI, the industrialization policy adopted by Morocco has enabled it to strengthen its attractiveness and competitiveness,” said the Minister of Industry, Trade and Green and Digital Economy, Moulay Hafid Elalamy in an interview with the newspaper, which has a daily circulation of 2.7 million copies.

The Moroccan official said that this strategy has enabled the Kingdom to strengthen its industrial network and increase its integration capacity, particularly in the automotive sector which has reached 60%, recalling Morocco’s achievements in the field of renewable energy with the prospect of increasing the capacity of its energy production to 50%.

Referring to the signing of the agreement on the promotion and protection of investments and the convention on the non-double taxation, Mr. Elalamy considered that the strengthening of the bilateral legal framework is likely to boost Japanese investments in Morocco, adding that 71 Japanese companies are already present in Morocco in various sectors, contributing substantially to the industrialization strategy.

Regarding the role of Morocco in the development of Africa, Mr. Elalamy stressed the Royal vision linking the development of Morocco to that of the continent in a logic of active solidarity.

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