New York hosts Morocco-US investment summit

New York has hosted on Friday the Morocco-US investment summit. The event featured several sectoral panels that discussed investment opportunities in Morocco, with focus on the Kingdom’s southern provinces, especially in the financial and infrastructure sectors.

The investment meeting, organized by the Regional Council of Dakhla Oued Eddahab in partnership with the Moroccan Ministry of Industry and Trade, comes four months after the Morocco-US Investment Forum held in Dakhla last March.

The event, attended by representatives of the Regional Council of Laayoune-Sakia El Hamra and an array of American businessmen, highlighted the incentives set up to encourage US investments in the southern Moroccan region.

Participants from Laayoune-Sakia El Hamra council underlined the different investment potential in the region, which boasts huge economic potential and provides incentives to investment, particularly in the sectors of energy, fishing, agriculture, tourism, services, and industries, as well as the tax regime which encourages domestic and foreign investment.

The Council representatives also highlighted the region’s security and stability, insisting on the safe and free movement of people and products from the Moroccan southern provinces to Sub-Saharan Africa.

They indicated that the government and democratically elected councils would use all available resources to promote development, social stability, and the promotion of local and international investments.

During the Morocco-US Investment Forum held in Dakhla in March, both participants and organizers agreed on the need to enhance investment and trade in the region while boosting bilateral collaboration and encouraging new US direct investment in agriculture, tourism, mining, and renewable energy.