Morocco’s investment potential under spot lights in London

Morocco as an attractive investment destination was under the spotlights during the 10th edition of “The Africa Debate”, held Wednesday in London.

The event, named “Morocco Investment Forum,” provided a platform to promote the wide range of opportunities Morocco is offering in different sectors, mainly renewables, telecommunication, and industry.

The event focused on Morocco’s strategic position as a gateway to the African market and its dedication to creating a business-friendly environment.

Attending the forum, British Secretary of State for Energy Security and Net Zero, Claire Coutinho applauded King Mohammed VI’s role in the country’s stabilization and the solid partnership between the two Kingdoms.

She emphasized the importance of trade relations, which achieved a new high with a 31% rise in trade between 2022 and 2023, and predicted that this trend will continue with the Morocco-UK Association Agreement.

Coutinho commended the strong UK-Morocco ties, saying they have all the ingredients needed to achieve the shared aspiration for secure energy.

Morocco’s ambassador to the UK, Hakim Hajoui, said that the country has positioned itself as a logistical center due to its advantageous geographical location, as well as its infrastructure.

Hajoui noted that Morocco has several Free Trade Agreements (FTAs) that link and provide access to a market of 2.5 billion people.

The diplomat emphasized Morocco’s energy potential, particularly in terms of renewable energy, as well as its human resources’ skills, which have enabled the development of vibrant industries, such as aviation, automotive, and defense.

The assets presented at this forum will allow “us to move from intention to conviction to action,” he stated.

The inaugural roundtable on energy and innovation emphasized Morocco’s potential as a regional energy leader. A position strengthened by its rich wind and solar resources, as well as its capacity to use research and innovation to complete its energy transformation and deliver clean, competitive energy to its allies.

A second panel on infrastructure underscored Morocco’s strategic objectives and upcoming projects in a variety of areas that provide substantial prospects for British and international investors, particularly as Morocco prepares to co-host the 2030 World Cup.

Another panel discussed the role of Morocco’s financial and banking sectors in promoting investment, as well as the incentives offered to encourage private investment.