The UAE is expected to make new investments in Morocco, as UAE Economy Minister Abdullah bin Touq Al Marri will lead a high-level delegation to the Kingdom of Morocco on Thursday, to discuss ways to improve the prospects of joint cooperation and explore promising investment opportunities in the markets of the two countries and improve them in the next stage in a way that ensures the growth and prosperity of the peoples.
The Emirates News Agency reported that the visit aims to strengthen joint cooperation between the business community and motivate the private sector and business people to contribute more to the advancement of development and investment. between the two countries, and will attend meetings with ministers, senior officials and representatives of the private sector in Morocco. This will help boost the volume of non-oil trade between the two countries, which amounted to 3.1 billion dirhams in 2021, achieving a growth of 44% compared to 2020.
The agency added that the visit includes a dialogue session on future investment opportunities organized by the global initiative “Investopia”, with the participation of a number of companies, businessmen, d investors, entrepreneurs and small and medium-sized enterprises from the two countries to explore new opportunities to build development and lasting partnerships that will take the strategic relations between the two brotherly countries to new levels of cooperation, integration and to benefit from the global expertise held by the Investopia Summit in the development of the economic and commercial sectors in the Kingdom of Morocco.
The visit is scheduled to attend a discussion on cooperation in sectors of common interest as key drivers for the development of the two countries’ relations in the next stage, the main ones of which are energy, renewable energies, industry, commerce, mining, tourism, infrastructure, communications, information technology, food security, transport, logistics, agricultural technology, entrepreneurship and other sectors that support the new economy.