HomePoliticsPedro Sanchez announces a new financing protocol of €800m

Pedro Sanchez announces a new financing protocol of €800m

The President of the Spanish government, Pedro Sanchez, announced, Wednesday in Rabat during the Morocco-Spain Economic Forum, a new financing protocol of 800 million euros (M€) relating to joint projects in Morocco.

These projects will be carried out by Spanish companies in Morocco, said Sanchez, who was speaking at this forum alongside the Head of Government Aziz Akhannouch, stressing that Spain and Morocco share the ambition to move forward in terms of bilateral relations, in particular with the 24 agreements that will be signed.

These relations, he argued, are in the interest of Morocco and Spain, but also of Europe.

At the same time, Sanchez recalled that Spain is the third largest foreign investor in Morocco and praised the level of trade between the two countries.

Organized on the sidelines of the 12th High Level Meeting (RHN) Morocco-Spain, at the initiative of the General Confederation of Moroccan Enterprises (CGEM), the Confederación Española de Organizaciones Empresariales (CEOE) and the Morocco-Spain Economic Council (CEMAES), this forum was an opportunity to discuss the question “How can Moroccan and Spanish companies jointly seize the opportunities presented by the reconfiguration of global value chains?” and “Energy transition, the environment and the circular economy, key sectors of the Morocco-Spain economic partnership”.

As a reminder, Sanchez will co-chair with Akhannouch the work of this High Level Meeting which is being held eight years after the last session of this institutional mechanism.

The said meeting falls within the framework of the strategic partnership and the new dynamic that relations between the two Kingdoms are experiencing following the visit made last April by Sanchez to Morocco, at the invitation of King Mohammed VI.



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