The Moroccan King and the Emirati President presided over the exchange ceremony of multiple memorandums of understanding between the Kingdom of Morocco and the United Arab Emirates at the Abu Dhabi Presidential Palace on Monday.
These memorandums encompass various crucial sectors, signifying a step towards bolstering cooperation between the two nations. Agreements were exchanged concerning investment partnerships in high-speed rail projects, water infrastructure, development initiatives, and energy sector collaborations.
The first memorandum focuses on establishing an investment partnership in high-speed rail projects in the Kingdom, exchanged between the Emirati Minister of Energy and Infrastructure, Mr. Souhail Mohamed Al Mazroui, and the Director of the National Office of Railways, Mr. Mohamed Rabii El Khlie.
The second involves establishing an investment partnership in the water sector, exchanged between Mr. Souhail Mohamed Al Mazroui and the Minister of Equipment and Water, Mr. Nizar Baraka, while the third related to establishing a partnership in the field of development was exchanged between the Emirati Minister of Investment, Mr. Mohamed Hassan Souidi, and the Deputy Minister to the Minister of Economy and Finance in charge of the Budget, Mr. Fouzi Lekjaa.
The fourth memorandum of understanding concluded between the Abu Dhabi National Oil Company (ADNOC) and the OCP Group was exchanged between Mr. Mohamed Hassan Souidi and the CEO of the OCP Group, Mr. Mostafa Terrab, while the fifth concerning the establishment of an investment partnership in energy sector projects was exchanged between Mr. Mohamed Hassan Souidi and the Minister of Energy Transition and Sustainable Development, Ms. Leila Benali.
The sixth memorandum focusing on establishing cooperation and partnership in the agriculture and marine fishing sectors was exchanged between the Minister of Climate Change and Environment, Ms. Mariam Bint Mohammad Al Mheiri, and the Minister of Agriculture, Marine Fisheries, Rural Development, and Water and Forests, Mr. Mohamed Sadiki, while the seventh, aiming for cooperation in investment in the airport sector, was exchanged between Mr. Mohamed Hassan Souidi and the Minister of Transport and Logistics, Mr. Mohamed Abdeljalil.
The eighth memorandum of understanding, focusing on cooperation in investment in the ports sector, was exchanged between Mr. Mohamed Hassan Souidi and Mr. Nizar Baraka, while the ninth, relating to establishing an investment partnership regarding the Morocco-Nigeria Gas Pipeline project, was exchanged between Mr. Souhail Mohamed Al Mazroui and the Director-General of the National Office of Hydrocarbons and Mines, Ms. Amina Benkhadra.
The tenth memorandum, concerning the establishment of joint cooperation in the financial markets and capital sector, was exchanged between Mr. Mohamed Hassan Souidi and the Minister of Economy and Finance, Ms. Nadia Fettah, while the eleventh, focusing on establishing an investment partnership in the tourism and real estate sector, was exchanged between Mr. Mohamed Hassan Souidi and the Deputy Minister to the Head of Government in charge of Investment, Convergence, and Policy Evaluation, Mr. Mohcine Jazouli.
Regarding the establishment of an investment partnership in Data Center projects, the twelfth Memorandum was exchanged between Mr. Mohamed Hassan Souidi and Mr. Mohcine Jazouli.
These memorandums, signed by Moroccan officials and their Emirati counterparts, are poised to significantly boost Moroccan-Emirati cooperative relations and underscore the depth and quality of bilateral relations, as well as the determination of both Heads of State, King Mohammed VI and Sheikh Mohammed bin Zayed Al Nahyan, to strengthen the multidimensional strategic partnership between the two brotherly countries.
This memorandum exchange ceremony took place in the presence of the members of the official delegation accompanying the Sovereign, as well as several high-profile Emirati personalities.
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