UAE to Invest in Morocco’s High-Speed Rail and Water Infrastructure Projects

The first memorandum concerns the establishment of an investment partnership in TGV projects in the Kingdom, exchanged between the Emirati Minister of Energy and Infrastructure, Mr. Souhail Mohamed Al Mazroui, and the Director General of the National Railways Office, Mr. Mohamed Rabii El Khlie.

The second concerns the establishment of an investment partnership in the water sector, exchanged between Mr. Souhail Mohamed Al Mazroui and the Minister of Equipment and Water, Mr. Nizar Baraka, while the third relating to the establishment of a partnership in the field of development was exchanged between the Emirati Minister of Investment, Mr. Mohamed Hassan Souidi and the Delegate Minister to the Minister of Economy and Finance, in charge of the Budget, Mr. Fouzi Lekjaa.

The fourth memorandum of understanding concluded between Abu Dhabi National Oil Company (ADNOC) and the OCP group was exchanged between Mr. Mohamed Hassan Souidi and the CEO of the OCP Group, Mr. Mostafa Terrab, while the fifth concerning the establishment of an investment partnership in projects in the energy sector, was exchanged between Mr. Mohamed Hassan Souidi and the Minister of Energy Transition and Sustainable Development, Ms. Leila Benali.

The sixth memorandum on the establishment of cooperation and partnership in the agriculture and maritime fisheries sectors was exchanged between the Minister of Climate Change and Environment, Ms. Mariam Bint Mohammad Al Mheiri, and the Minister of Agriculture, Maritime Fisheries, Rural Development and Water and Forests, Mr. Mohamed Sadiki, while the seventh, which aims to establish cooperation in investment in the airport sector, was exchanged between Mr. Mohamed Hassan Souidi and the Minister of Transport and Logistics, Mr. Mohamed Abdeljalil.

The eighth memorandum of understanding, concerning the establishment of cooperation in investment in the port sector, was exchanged between Mr. Mohamed Hassan Souidi and Mr. Nizar Baraka, while the ninth concerning the establishment of an investment partnership relating to the Morocco-Nigeria Gas Pipeline project, was exchanged between Mr. Souhail Mohamed Al Mazroui and the Director General of the National Office of Hydrocarbons and Mines, Ms. Amina Benkhadra.

The tenth relating to the establishment of common cooperation in the financial and capital markets sector was exchanged between Mr. Mohamed Hassan Souidi and the Minister of Economy and Finance, Ms. Nadia Fettah, while the eleventh, which concerns the establishment of an investment partnership in the tourism and real estate sector, was exchanged between Mr. Mohamed Hassan Souidi and the Delegate Minister to the Head of Government in charge of Investment, Convergence and Evaluation of Public Policies, Mr. Mohcine Jazouli.

Concerning the establishment of an investment partnership in Data Center projects, the twelfth Memorandum was exchanged between Mr. Mohamed Hassan Souidi and Mr. Mohcine Jazouli.

These memoranda, signed by Moroccan officials and their Emirati counterparts, are likely to give a strong impetus to Moroccan-Emirati cooperation relations and testify to the depth and quality of bilateral relations as well as the willingness of the two Heads of State, HM King Mohammed VI and HH Sheikh Mohammed Ben Zayed Al-Nahyane, to consolidate the multidimensional strategic partnership between the two brotherly countries.

This ceremony for the exchange of memoranda took place in the presence of members of the official delegation accompanying the Sovereign, as well as several Emirati dignitaries.

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