The summit, held 19-21 November in the capital city of Rabat, featured participants, investors and government officials alike, from four continents, representing approximately twenty countries.
“Regarding investments, Morocco is a very important destination because of its success in maintaining a stable macroeconomic environment,” Lahcen Haddad, minister of tourism, told MAP news agency on the sidelines of the conference.
He also said that the country enjoys the confidence of a growing number of foreign investors, thanks to its economic, political and social stability. During the conference, the minister gave a presentation on Morocco’s achievements in the areas of investment, business development, education, and tourism. Mr. Haddad insisted that Morocco has become one of the favorite destinations for investors in Africa.
In her remarks during the conference, Soumia Benkhaldoun, Minister Delegate to the Minister of Higher Education, Scientific Research and Executive Training, highlighted the advantages that Morocco offers to foreign investors, such as abundant human capital — 55 per cent of the population is under the age of 25 years — and economic openness, trade liberalization and structural reforms.
Jean R. AbiNader, Executive Director of the Moroccan American Trade and Investment Center, confirmed that the kingdom has become a major destination for investment in Africa. He reportedly said that “Morocco is witnessing a historical moment in relation to economic development, as it has become the top investment destination in Africa, benefiting from the wise leadership of King Mohammed VI, who launched a set of Major Projects in a strategy that aims at developing the country.”
During her presentation, Amat Allah Nezha, a member of The Moroccan Central Authority for Corruption Prevention, gave an overview of the phenomenon of corruption in Morocco, presenting achievements of the MCACP since its establishment four years ago. She also cited government institutions, civil society, the European Union, and the World Bank as partners in fighting corruption in the country.
The summit is regarded as an unprecedented opportunity to understand the dynamics, and requirements of investing or doing business in Morocco. The Summit provided participants an outlook on how to break through the legal constraints to facilitate investments in Morocco and to increase understanding of the regulatory framework in the country and its investment infrastructure, both from a legal and an academic perspective.
Edited by Elisabeth Myers
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