Initiated by the Council of the region of Dakhla Oued Eddahab, in partnership with the Ministry of Industry and Trade, under the theme “Investing for Tomorrow”, this forum aims to consolidate bilateral cooperation and develop new direct American investments in the fields of agriculture, tourism, mining and renewable energy.
Speaking on this occasion, minister of Industry and Trade, Ryad Mezzour, stressed that this forum seeks to open up new prospects to economic and trade cooperation between the United States and Morocco and examine the economic potential and the various investment opportunities offered by the region of Dakhla-Oued Eddahab in different growth sectors, namely tourism, renewable energy, aquaculture, logistics and industry, among others.
Mezzour noted, in this context, that Morocco is positioned as a preferred destination for investment as it has achieved significant performance in improving business climate.
He also said that the region of Dakhla-Oued Eddahab has become an important hub at the continental level, given its potential and huge assets that are a source of investment for many foreign economic operators.
For his part, the President of the Regional Council of Dakhla-Oued Eddahab, El Khattat Yanja, underlined that the implementation of projects, in the framework of the integrated development program of the region and the regional development program, has helped to give new impetus to development, establishing Dakhla as a real economic hub, a promising economic crossroads and a gateway for Morocco to its African depth.
This event reflects diplomatic victories, crowned by the opening of several consulates of brotherly and friendly countries in Laayoune and Dakhla, and following the decision of Washintgon to recognize the sovereignty of Morocco over its Sahara and open a consulate in Dakhla, Yanja added.
For his part, the representative of the U.S. delegation, Philip Blumberg, stressed that the region has made great strides and will soon have a large port, in addition to other projects in the fields of agriculture and industry, calling, on this occasion, investors and local officials to examine the economic potential and the various investment opportunities offered by the region with members of the U.S. delegation.
Blumberg, who is also Chairman at Blumberg Capital Partners, specialized in agribusiness, said that stability is a determining factor for making investments, noting that many U.S. companies are interested in investing in this region.
He also recalled that the United States and Morocco have always had a strong and close relationship, which has been further strengthened in recent years, adding that “the two countries share common values and this encourages U.S. investors to invest in Morocco as a hub for all Africa”.
Jim Pickup, President and CEO of the Middle East Investment Initiative (MEII) and General Counsel of the Aspen Institute, noted that the purpose of this visit is to explore the investment and trade opportunities in the region, with a view to future investment projects.
This economic forum was marked by the presence of more than twenty business leaders in the sectors of agribusiness, renewable energy, finance and medical technology.
It was punctuated by a B2B session, which was an opportunity for U.S. economic operators wishing to invest in the region to become familiar with the various investment opportunities in several sectors of activity with high added value.
These panels include trade and industry, tourism and crafts, the Atlantic port and logistics, agriculture and fisheries and renewable energy and mining.
American investors and economic operators will also visit the flagship projects of the region to check the potential and investment opportunities.
Source: Agency Morocaine De Presse