Catalan firms invest €45 Million in Morocco’s industrial sectors
Morocco and Catalonia strengthened their economic partnership Wednesday with the signing of four investment protocols worth 500 million dirhams (approximately €45 million), targeting strategic industrial sectors and promising over 700 direct jobs across Tangier, Tetouan, and Kenitra.
The agreements, signed in Rabat between the Moroccan government and Catalan enterprises, cover high-value sectors including automotive, waste valorization, industrial packaging, and construction materials. The ceremony brought together Minister Delegate for Investment Karim Zidane and a Catalan business delegation led by Josep Sánchez Llibre, president of Foment del Treball, Catalonia’s main employers’ organization.
These investments align with King Mohammed VI’s vision to position Morocco as a competitive industrial and economic hub for Africa and the Mediterranean region. Zidane emphasized the structural reforms facilitating investment, including digitalized procedures, administrative simplification, and strengthened Regional Investment Centers.
Sánchez Llibre announced plans for expanded engagement, saying “Within a year, we will return with a new delegation of twenty Catalan companies.” This commitment signals long-term confidence in Morocco’s investment climate and potential for sustainable partnerships.
Spanish Ambassador to Rabat, Enrique Ojeda Vila, who attended the signing ceremony, highlighted the significance of these agreements, noting that Morocco and Spain remain each other’s primary economic partners. He emphasized the geographical, historical, and strategic complementarity between the two countries.
Adil Rais, co-president of the Morocco-Spain Economic Council (CEMAES), characterized these agreements as illustrating shared ambitions to build a solid investment axis, with Spain targeting the position of Morocco’s leading foreign investor. The initiative follows successful “Morocco Now” promotional roadshows in Barcelona and Madrid, demonstrating sustained momentum in bilateral economic cooperation.