Egyptian Billionaire Eyes $150 Million Investment in Morocco’s Green Energy Sector

Speaking on the sidelines of the Choiseul Africa Business forum, held on October 20 in Casablanca, the Egyptian billionaire expressed his willingness to invest for the first time in Morocco, stressing that the country offered business opportunities that his company is ready to seize. This forum allowed him "to explore the available opportunities in the renewable energy and seawater desalination sectors," he specified.

The Egyptian billionaire thus refers to the green partnership signed on October 18 between Morocco and the European Union, to develop more sustainable growth and strengthen energy cooperation.

"We want to invest in Morocco, because it is a brotherly country and open to business, ready to invest and we have international partners ready to come in with us as investors," said Amr Allam, recalling that another visit to the Kingdom is planned to meet government officials.