Morocco Poised to Become US Investment Hub for North Africa After $3 Billion Deal

"This is a visit that symbolizes a major diplomatic milestone for the Kingdom of Morocco, but not only that, as it has substantial economic aspects for North Africa as a whole," wrote the Swiss financial website Investir.ch. During the visit of the American-Israeli delegation led by the US President’s special advisor, Jared Kushner, followed by Meir Ben-Shabbat, Israel’s national security advisor, "an American commitment to invest nearly $3 billion over four years in private projects was signed between the CEO of the US International Development Finance Corporation (DFC) and the executive chairman of Prosper Africa, Adam Boehler, and Mohamed Benchaaboune, the Moroccan Minister of Finance," the Swiss site recalled, stressing that "at the end of this agreement, the American financial arm is to make Morocco its "Hub" for North Africa".

Furthermore, "the Sahara issue was the subject of a proposal for "broad autonomy" by Rabat in 2007, described as "serious and credible" on many occasions by the UN body," the Swiss site noted, hammering that the Moroccan Sahara is now "open for US business". In addition, Washington has announced the establishment of an American consulate in the city of Dakhla, located in the Sahara, in order to facilitate international investments.

Moreover, Morocco has several assets that make it an investment hub, especially towards Africa, and "enjoys institutional and macroeconomic stability in a North Africa that has experienced a turbulent last decade...". In addition, Morocco "has deployed a substantial "green" strategy, hosting the largest solar station in Africa in the south of the country and pursuing an energy mix strategy that should drastically reduce its carbon emissions by 2025," the Swiss media stressed.