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Focus on economic cooperation opportunities

Opportunities for the development of economic and trade cooperation between Morocco and the United States of America were highlighted on Tuesday in Dakhla during an investment forum.

Initiated by the Council of the Dakhla Oued Eddahab region, in partnership with the Ministry of Industry and Trade, under the theme “Investing for tomorrow”, this forum aims to consolidate bilateral cooperation and develop new American direct investments. , in the fields of agriculture, tourism or even mining and renewable energies.

Speaking on this occasion, the Minister of Industry and Trade, Ryad Mezzour, stressed that this forum aims to open new horizons for economic and commercial cooperation between the United States and Morocco and to examine the economic and the various investment opportunities offered by the Dakhla-Oued Eddahab region in various growth sectors, namely tourism, renewable energies, aquaculture, logistics and industry, among others.

In this regard, he noted that Morocco is positioning itself as a privileged destination for investment insofar as it has been able to achieve significant performance in terms of improving the business climate.

Ryad Mezzour also noted that the Dakhla-Oued Eddahab region has become an important hub at the continental level, given its enormous potential and assets which constitute a source of investment for many foreign economic operators.

For his part, the President of the Council of the Dakhla-Oued Eddahab region, El Khattat Yanja, stressed that the implementation of the projects included in the framework of the implementation of the integrated development program of the region and the program of regional development has helped to breathe new life into development, making Dakhla a real economic pole, a promising economic crossroads and a gateway for Morocco to its African depths.

This meeting also comes in the wake of diplomatic victories, crowned by the opening of several consulates of brotherly and friendly countries in Laayoune and Dakhla, and following Washintgon’s decision to recognize Morocco’s sovereignty over its Sahara and to open a consulate in Dakhla, continued El Khattat Yanja.

For his part, the representative of the American delegation to this Forum, Philip Blumberg, underlined that the region has made enormous progress and will soon have a large port, in addition to other projects in the fields of agriculture. and industry, calling on this occasion for investors and local officials to examine the economic potential and the various investment opportunities offered by the region with the members of the American delegation.

Philip Blumberg, who also owns the business, Blumberg, which specializes in agribusiness, noted that stability is a key factor in making investments, saying that many American companies are interested in investing in this region.

He also recalled that the United States and Morocco have always maintained strong and close relations, which have been further strengthened in recent years, adding that “the two countries share common values ​​and this encourages American investors to invest in Morocco as a hub for all of Africa”.

The same goes for Jim Pickup, Executive Director of the Middle East Investment Initiative, who indicated that the purpose of this visit is to explore the investment and trade opportunities offered by this region, in the prospect of future investment projects.

This event with an economic vocation was marked by the presence of more than twenty leading businessmen in the sectors of agri-food, renewable energies, finance and medical technologies.

The meeting was punctuated by a B2B session, which was an opportunity for American economic operators wishing to invest in the region to familiarize themselves with the various investment opportunities in several sectors of activity with high added value.

These panels focus in particular on trade and industry, tourism and crafts, the Atlantic port and logistics, agriculture and fishing, and renewable energies and mining.

American investors and economic operators will also visit the region’s flagship projects to see firsthand the potential and investment opportunities.




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