Trade relations between the two countries are marked by « an extremely positive dynamic and political will, proximity, favorable business environments, enormous economic complementarities and an astonishing and confirmed enthusiasm on the part of business leaders », underlined Alj, at a high-level business meeting held under the theme « Investing in Morocco, a competitive bet to explore new markets ».
Morocco is experiencing an extremely positive dynamic. Our country is gaining in importance as a regional economy, well positioned as a gateway to Africa and a springboard to Europe », said the CGEM chairman, noting that over the past 25 years, under the enlightened leadership of His Majesty King Mohammed VI, the Kingdom has put in place « a solid base for trade and investment », with first-rate infrastructure.
Morocco, he added, also has a reservoir of young, qualified and highly competitive talents, with an average age of 29 years compared to 44.4 years in Europe, 180,000 university graduates per year, including 19,000 graduates in engineering, and a competitive, quality workforce.
The Kingdom offers a favorable environment for domestic and foreign investors, with multiple investment subsidy programs, including a new Investment Charter, a tailor-made government support package for strategic projects and easy access to R&D, Alj stressed, noting that these measures are supported by special economic zones that facilitate installation and operations, as well as a secure environment for foreign investors.
Catalonia offers excellent investment and co-investment prospects for Moroccan companies, and vice versa, he pointed out, adding that this autonomous Spanish community boasts one of the most competitive economies in southern Europe, accounting for 25% of Spanish industry.
In addition to its strategic position, its strong industrial ecosystem and its dynamic community of entrepreneurs and talent, Catalonia is now recognized as one of the world’s centers of R&D and technology, opening up further opportunities for growth and prosperity, he said.
