In a bid to explore investment and partnership opportunities in Portugal, a Moroccan delegation from the Morocco-Portugal Economic Council is set to carry out a working visit to Lisbon on May 24. The visit, organized at the initiative of the Moroccan Embassy in Lisbon, will be an opportunity for the Moroccan delegation to explore investment and partnership opportunities in Portugal.
According to a statement released on Tuesday by Morocco’s diplomatic representation in Lisbon, the visit, led by the President of the Morocco-Portugal Economic Council, Karim Amor, will include meetings with the President of the Federation of Portuguese Companies, Armindo Monteiro, and Portuguese businessmen operating in the subcontracting, agriculture, agri-food, energy, finance, construction and pharmaceutical sectors.
These meetings will provide an opportunity to examine ways of raising economic relations between the two countries to a higher level, in terms of both trade and investment, in accordance with the High Instructions of HM King Mohammed VI, notes the same source.
They will follow on from the Portugal-Morocco Business Forum, held on May 12, 2023 on the sidelines of the 14th Morocco-Portugal High-Level Meeting, aimed at identifying new opportunities for cooperation and forging innovative and sustainable partnerships between Moroccan and Portuguese companies in key sectors such as industry, renewable energies and digital.
Economic relations between Morocco and Portugal have undergone remarkable development in recent years, with the volume of trade in 2023 reaching MAD 23.5 billion, an increase of 20% compared to 2022, according to data from the Office des Changes (Morocco’s foreign exchange office).
The number of Portuguese tourists visiting Morocco has also shown positive growth, rising from 95,607 in 2022 to 133,944 in 2023, an increase of over 40%, according to the Moroccan National Tourist Office.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.