New Emirati investments in Morocco

The UAE is expected to make new investments in Morocco, as UAE Minister of Economy Abdullah bin Touq Al Marri will lead a high-level delegation to the Kingdom of Morocco on Thursday to discuss ways to enhance the prospects of joint cooperation and explore promising investment opportunities in the two countries’ markets and improve them in the next stage in a way that ensures the growth and prosperity of the people.

The Emirates news agency said the visit aims to strengthen joint cooperation between the business community and motivate the private sector and businessmen to further contribute to the advancement of joint development and investment between the two countries, and will attend meetings with ministers, senior officials and private sector representatives in Morocco. This will help to strengthen the volume of non-oil trade between the two countries, which amounted to 3.1 billion dirhams in 2021, achieving a growth of 44% compared to 2020.

The agency added that the visit includes a dialogue session on future investment opportunities organized by the global initiative “Investopia”, with the participation of a number of companies, businessmen, investors, entrepreneurs and small and medium enterprises from both countries to explore new opportunities to build developmental and sustainable partnerships that will take the strategic relationship between the two brotherly countries to higher levels of cooperation, integration and benefit from the global expertise held by the Investopia Summit in the development of economic and commercial sectors in the Kingdom of Morocco.

The visit is scheduled to attend a discussion on cooperation in sectors of common interest as key drivers of the development of relations between the two countries in the next stage, the main ones are energy, renewable energy, industry, trade, mining, tourism, infrastructure, communications, information technology, food security, transportation, logistics, agricultural technology, entrepreneurship and other sectors that support the new economy.

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