The representative of the International Organization of La Francophonie (OIF) for North Africa, Haoua Acyl, highlighted on Thursday in Casablanca the economic and commercial potential of Morocco and the business and investment opportunities.
Speaking at the economic forum organized on the occasion of the economic and trade prospection mission of the Francophonie in North Africa, Acyl stressed that the theme chosen for this forum, “Investing and doing business in Morocco”, aims to highlight business and investment opportunities to be seized in three key sectors, namely agro-industries, sustainable energy and digital goods and services.
In this regard, he pointed out that sectoral visits to Cosumar, Technopark Renewable Energy Cluster and Casanearshore have already given a very positive and promising preview.
On the other hand, the OIF representative pointed out that the strong presence of the French and Moroccan business communities, who came to share their experiences, their business projects and their vision of economic and commercial development, testifies to a real interest in the economic Francophonie and the business and investment opportunities it can offer to French-speaking companies.
He also affirmed that the OIF provides added value in the economic field in terms of contacts between economic operators and companies, trade facilitation and access to the economic intelligence of the countries.
For her part, the Director General of Industry at the Ministry of Industry and Trade, Kenza El Alaoui, pointed out that the Kingdom has made considerable efforts to promote the investment environment, adding that Moroccan industry is structured around 14 industrial sectors that depend on 54 ecosystems.
She further noted that Moroccan exports will reach MAD 370 billion by the end of 2022, an increase of 31% compared to last year, relying on key sectors such as the automotive industry, which has a production capacity of more than 900,000 cars per year and works with local integration of more than 69%, with two manufacturers installed in Morocco.
For his part, the President of the Africa Commission of the General Confederation of Moroccan Enterprises (CGEM), Abdou Diop, said that the choice to lead the OIF’s prospection mission in Morocco and to host this forum there testifies to the Kingdom’s interest as a destination for investment and opportunities, in addition to its political and macroeconomic stability and the resilience of its economy.
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