Belgium will invest about 2 billion euros in MoroccoAccording to a meeting in Casablanca between the Moroccan Organization of Entrepreneurs for the World (MeM) and the General Confederation of Moroccan Enterprises (CGEM).
The investment will be paid out over the next 6 to 12 months. The purpose of this infusion of money go to the area Dakhla Valley Dhadspecifically in the port and transport sector of the city, as agreed at the meeting of MeM EN Belgium with CGEM.
A group of Moroccan businessmen set up a company to serve as a bridge for the introduction of capital between the Flemish country and Morocco. This consortium will support companies that wish to join the investment project. All information necessary to invest in specific projects will be provided by the Foundation. Said Bouharraq, member of the delegation and president of the Dorsim Group, presented a large number of plans through which various Belgian companies will be able to invest in Morocco. Major investment sectors include port management, storage and transportation of natural gas, hydrogen, wind energy, recycling, and agriculture.
For his part, the President of the General Confederation of Moroccan Enterprises, Chakib Alj, stressed during his speech, The potential of Morocco To foreign investors, expressing the union’s readiness to mobilize and support companies to realize all these projects.
In his statements to the press, he specifically referred to a project in the agricultural sector related to the export of red meat. “The changing conditions in Europe in relation to the ritual slaughter present a real opportunity to start exporting,” He said. He noted in this regard that the Flemish partners plan to carry out this investment of about 314 million euros distributed throughout Morocco, and continued by saying that “the Moroccan partners will cooperate with us from start to finish to achieve a certain quality and comply with the traceability and hygiene report.”
In addition to, Another company wants to move to Morocco to set up a plastic recycling project. It is estimated that the company will invest about 150 million euros in this project. The main objective of the company will be to help reduce the amount of plastic waste by investing in a construction and waste recycling scheme.
Rabat, in its rise to a country of green energy and sustainability outside of hydrocarbon revenues, is negotiating and attracting investors not only in the heart of Europe, but also with the rest of its neighbors on the African continent. Morocco has boosted its foreign investments in the African continentIt has also strengthened its economic presence on the continental arena thanks to a new vision based on partnership.
Moroccan King Mohammed VI conducted a series of tours to promote the march of African cooperation, within the framework of the “win-win” economic equation, which is based on a strategic vision for the formulation. Strong alliances between Morocco and African countries, especially on its western side.
Morocco also seeks to establish an economic bloc in Africa capable of negotiating and defending the vital interests of the continent. This strategy, linked to the style of rule of King Mohammed VI, is based on the search for new partners, within the framework of the pluralism policy pursued by Morocco in its economic and trade relations at the international, continental and regional levels.
as a result of, For several years, Morocco has registered an increasing trend of foreign investment, especially in the countries of sub-Saharan AfricaThis makes it a strategic direction for national companies wishing to internationalize their activities. All this enabled the Maghreb country to become a major investor in sub-Saharan Africa, especially in West African countries.
Originally published at San Jose News Bulletin
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