Morocco-UAE Economic Commission holds first ministerial session in Rabat
The Morocco-UAE Joint Economic Commission held its first ministerial session In Rabat this Thursday, under the chairmanship of Minister of Economy and Finance Nadia Fettah and her Emirati counterpart Abdullah bin Touq Al Marri.
In an address at the opening of the session, Mrs. Fettah welcomed the level of distinguished relations between the two brotherly countries and peoples, praising, in this context, the pioneering contribution of the UAE Government and the Abu Dhabi Fund for Development in supporting structuring development projects in various vital sectors in the Kingdom.
The minister also reviewed the major economic reforms undertaken by Morocco to improve the business climate, reforms, she said, that have contributed to consolidating its position as a privileged destination for investors and strengthening its attractiveness and economic projection at the regional and international levels.
She expressed Morocco’s continued willingness to develop joint action mechanisms with the UAE and establish fruitful economic cooperation in various areas of common interest, calling on Emirati investors to take advantage of the promising investment opportunities in the Kingdom and establish partnerships with the Moroccan private sector in priority areas.
Echoing her, Abdullah bin Touq Al Marri hailed the strength of fraternal and cooperative relations between the UAE and the Kingdom of Morocco, expressing his country’s keenness to develop bilateral relations and prospects for economic cooperation.
He also stressed that the holding of the first session of the Morocco-United Arab Emirates Joint Economic Commission is a new starting point for strengthening economic and trade partnerships between the two countries, developing cooperation mechanisms and establishing a new partnership plan in more sectors and trade and investment activities.
The Emirati official affirmed, moreover, that this meeting of decision-makers, investors and business representatives of the two countries reflects the success of joint efforts and paves the way for exploring new avenues of economic cooperation between Morocco and the UAE.
This meeting, marked by the participation of senior officials from the two ministries and some public and private sector institutions, was preceded by a bilateral meeting between the two ministers which was crowned by the signing of a memorandum of understanding on economic and technical cooperation between the two parties.
The objective is to establish a cooperation framework contributing to the development, reinforcement, and diversification of the fields of economic and technical cooperation between the two countries through the establishment of the Morocco-UAE Joint Economic Commission.
