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Morocco reform attracts foreign investment

Global Arab Network - - Talal Abdullah

Wednesday, 23 March 2011 23:00

fr_Image_36-_Tanger-Med_Morocco_-_Tangier_-_ship_shipping

Morocco - The institutional reforms announced by King Mohammed VI on March 9th are likely to enhance Morocco's attraction of foreign, especially French investments, Moroccan ministers said on Wednesday in Paris.

Six ministers are visiting France to highlight the scope of reforms announced in the royal speech and elicit more commitments on the part of French public authorities and private investors to ensure success of the reform process in Morocco by supporting the economic growth.

The ministerial delegation took part in a conference on "Reforms and Growth, Where does Morocco Stand?" organized by the Mouvement des entreprises de France (MEDEF) and Morocco's Confédération générale des entreprises du Maroc (CGEM).

The Moroccan delegation gave an overview of the reforms underway as well as those to come in Morocco and showcased investment opportunities in several sectors as well as the national economy's prospects of growth.

The ministers underlined Morocco’s resilience amid the crisis thanks to “a bold policy” carried out under the leadership of HM King Mohammed VI.

They also insisted that these reforms are bound to have a positive impact on the business climate, which will in turn make it possible to accelerate growth.

Morocco, which has 33 million consumers, is very attractive, they said, urging the European Union to get more involved as “a partner than as a rival.” (MAP)

Global Arab Network

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Last Updated on Thursday, 24 March 2011 15:19

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