Investment: CGEM holds meeting with Moroccan-Spanish Economic Council

The General Confederation of Moroccan Enterprises (CGEM) and the Moroccan-Spanish Economic Council (CEMAES) are organizing, next Monday in Madrid, a business meeting with the aim of promoting investment opportunities in Morocco.

This economic meeting, organized in collaboration with the Ministry of Investment, Convergence and Evaluation of Public Policies and the Moroccan Agency for the Development of Investments and Exports (AMDIE), also aims to bring together companies from both countries in order to accelerate their development in new markets, particularly in Africa and Latin America, the CGEM said in a statement.

More than 150 Spanish companies operating in various sectors such as agri-food, circular economy, renewable energies, water management, waste treatment, textiles and tourism will participate in the meeting.

These companies will have the opportunity to meet, within a B2B framework, with potential partners and AMDIE teams, in order to learn about opportunities to seize, particularly in light of the ongoing deployment of Morocco’s new Investment Charter, which provides exceptional incentives (financial and non-financial) to domestic and foreign investors, and aims at 550 billion dirhams of investment and the creation of 500,000 jobs.

“This economic mission is part of the continuity of actions to strengthen economic and trade relations following the Moroccan-Spanish Economic Forum organized on February 2 in Rabat,” stressed CGEM President Chakib Alj, quoted in the statement.

“Given the economic complementarities of the two kingdoms, of their proximity and of the solid base of cooperation already in place, the companies of our two countries must move closer together and take advantage of the ongoing reconfiguration of value chains to position, on a continental, regional and global scale, their know-how in key sectors such as industry and sustainability. All the ingredients are there to succeed in this challenge,” he said.

For his part, Adil Rais, Co-Chairman of CEMAES, pointed out that Moroccan and Spanish companies have everything to gain by working together, co-investing and leveraging the assets of their respective countries.