Investment Minister Calls on German Investors to Seize Opportunities in Morocco

Investment Minister Calls on German Investors to Seize Opportunities in Morocco
Thursday 25 April 2024 - 15:35

Minister Delegate in charge of Investment, Convergence and Evaluation of Public Policies, Mohcine Jazouli, called on, Wednesday in Munich, German investors to seize the opportunities offered by Morocco and help strengthen bilateral economic relations.

Speaking at the “Morocco Now” conference held as part of the Roadshow he is leading in Germany, Jazouli underlined the exceptional momentum that Morocco and Germany are currently experiencing, with the aim of boosting trade and investment between the two countries.

The Minister highlighted the economic reforms undertaken by Morocco over the past 20 years, which have helped build a modern, diversified and open economy, making the Kingdom a major regional market with access to a vast market thanks to its numerous free trade agreements.

He explained that Morocco is positioned as one of the world’s largest markets, thanks to more than 50 free trade agreements, notably with the European Union and the United States, offering access to a market of 2.5 billion people.

He also emphasized the quality of the infrastructure, the competitiveness of the ecosystem’s industries, and Morocco’s Vision, under the leadership of His Majesty King Mohammed VI, notably its commitment to the production of renewable energy and green hydrogen, as well as its aspiration to become a regional industrial hub.

Morocco has strengthened its traditional industries such as agro-industry, textiles and tourism, making them increasingly competitive. Moreover, with flourishing automotive and aerospace ecosystems, the country has developed high-performance industries now recognized as global benchmarks, he added.

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