Ways to foster expatriates’ investment in Morocco explored at London meeting

A meeting held in London on Friday explored ways for Moroccan expatriates to make the most of the measures put in place by Morocco to increase their investments in their country of origin.

Held under the theme “MDM Investments: New Challenges, New Financing, Institutional Responses,” the event is part of a series of conferences initiated by the foundation “Trophées Marocains du Monde” (TMM) in the main capitals of expatriates’ host countries to exchange views with public and private Moroccan institutional leaders and to promote investments by Moroccans settled abroad.

Speaking at the event, Ali Mahrez of the Moroccan Agency for the Development of Investment and Exports (AMDIE) recalled that King Mohammed VI had given his instructions in 2022 to set up permanent and effective channels of communication with Moroccan expatriates. AMDIE has worked to provide information and advice to Moroccans living abroad to enable them to take full advantage of the huge opportunities available in the Kingdom, he said.

For his part, Karim Amor, president of the 13th region of the General Confederation of Moroccan Enterprises (CGEM), dedicated to Moroccans living abroad, spoke of the private sector’s commitment to guiding and assisting expatriates wishing to invest in their country of origin.

Mohammed Afrine, CEO of Bank of Africa EuroServices, emphasized the importance of remittances from Moroccan expatriates, which, contrary to experts’ expectations, have continued to develop positively since the Covid-19 pandemic, pointing out that in the case of deposits, this money enables banks to finance numerous projects.

All participants then took part in a Q&A session, during which they focused in particular on Morocco’s new investment charter and the Mohammed VI Fund for Investment, which plays a leading role in promoting investment and boosting the capacity of the national economy.

A networking session provided an opportunity for Moroccan entrepreneurs to share their experiences and discuss the high-yield business opportunities available in Morocco, particularly in energy, agriculture, tourism, telecommunications, and finance.

The meeting, which was attended by councillors from the Borough of Westminster, members of the Council for the Moroccan Community Abroad (CCME), and representatives of Moroccan banks in the UK, provided an ideal platform for connecting potential investors with Moroccan public and private institutions and lenders.