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Strengthening economic ties: Morocco and UAE's growing partnership

Sunday 13 April 2025 - 12:11
Strengthening economic ties: Morocco and UAE's growing partnership

The Moroccan Agency for Investment and Export Development (AMDIE) organized the “Morocco Now” Economic Day in Dubai, emphasizing the growing economic relationship between Morocco and the United Arab Emirates (UAE) under the theme “From Vision to Action: Morocco and the Emirates Charting a Bright Future Together.”

Held during the Annual Investment Meeting (AIM-2025), the event brought together key institutional leaders, business figures, and members of the Moroccan diaspora in the Gulf region. The event highlighted Morocco's investment potential in sectors like transport, renewable energy, and industry, bolstered by recent reforms and a new legislative framework designed to attract foreign investment.

In a recorded message, Morocco’s Minister Delegate for Investment, Karim Zidane, acknowledged the UAE as Morocco's second-largest foreign investor, with investments reaching 118 billion dirhams by 2022. Zidane emphasized the importance of the Comprehensive Economic Partnership Agreement (CEPA) signed in 2024, which aims to enhance trade and investment flows between the two countries, particularly in high-potential sectors.

Zidane further noted Morocco's ambition to become a regional investment hub, supported by a stable political climate, innovative energy strategies, and a skilled workforce. The Moroccan Ambassador to the UAE, Ahmed Tazi, also reinforced Morocco’s reputation as a reliable business partner, referencing the recent establishment of the Morocco-Emirates Business Council in Sharjah.

The event saw the signing of a memorandum of understanding between the Emirati company Al Ghaith Holding and AMDIE. Notable figures like AMDIE Director General Ali Seddiki and CGEM President Chakib Alj emphasized the progress Morocco has made in developing its infrastructure and attracting international investment, pointing to a bright future for Moroccan-UAE economic cooperation.


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