Moroccan Diaspora Investment Conference in London Explores Economic Development Opportunities

This initiative aims to exchange with MREs in the main capitals of host countries in order to reflect on the means and mechanisms to be put in place to promote the investments of the latter in Morocco, which enjoys a favorable socio-economic and legal environment, according to Younes Hajoui, asset management manager at the Moroccan Tourism Engineering Company (SMIT).

Morocco has put in place an attractive incentive framework to allow major global tourism and hotel groups to settle in the kingdom, Hajoui said, adding that the Regional Investment Centers (CRI) have a legal obligation to respond to all requests within a maximum of 30 days. For 17 years, the number of tourists visiting Morocco has never decreased, which leads Hajoui to say that "it is the time to invest in Morocco, land of stability and economic growth".

Morocco’s strategy is based on the development of the automotive, agri-food, textile, offshore, aeronautics and digital industries, water management and renewable energies, said Tarik Haddi, Chairman of the Executive Board of Azur Innovation Fund, targeting innovative startups. In the automotive sector for example, Morocco has managed in 15 years to build an ecosystem of 250 companies with a production capacity of 700,000 cars per year, he points out.

Due to its strategic geographical position, Morocco is the only African country to have a neighborhood and association agreement with the European Union, a free trade agreement with the United States and trade agreements with the economic powers of the Mediterranean outside the EU, said Tarik Haddi. Saluting the role of the banking sector in supporting structuring projects for 20 years, Mohammed Afrine, CEO of Bank of Africa EuroServices, assured the availability of financial institutions to support MREs who wish to invest in the kingdom.