Paris- Morocco possesses major assets, stemming from its geostrategic situation, economic potential and development level, to become an investor in Africa, said on Wednesday Morocco's minister of industry, trade, investment, and numeric economy, Moulay Hafid Elalamy.
Paris- Morocco possesses major assets, stemming from its geostrategic situation, economic potential and development level, to become an investor in Africa, said on Wednesday Morocco’s minister of industry, trade, investment, and numeric economy, Moulay Hafid Elalamy.
“Morocco, a crossroads of civilizations and land of tolerance, possesses, thanks to its geostrategic situation, its economic potential and development level, major assets enabling the country to play the role of investor in Africa”, the minister said at the opening of the France-Africa forum held in Paris, on the theme “for an economic partnership model between Africa and France”.
The official argued that Morocco can play this role through innovative approaches such as training and hiring local human resources, adding that Morocco considers its African roots and European proximity as a key factor in the consolidation of its political, economic, social and cultural gains.
El Alamy further noted that France-Africa partnership should be redefined and mutually-profitable, noting that France, which has maintained for decades, a strong political, economic and cultural proximity with African continent needs to reinvent its relations with the Continent which is becoming a growth engine for Europe and a space of economic opportunities.
He also recommended that France should devise and implement jointly with African countries a genuine strategy of co-development and co-emergence.
The forum, held prior to the Summit for peace and security in Africa to be hosted by the French capital this December 6-7, is bringing together heads of enterprises, members of African countries governments, delegates of African regional organizations and leaders of finance institutions.
Held by the French ministry of economy and finance in partnership with the French enterprise association, the forum is looking into economic, industrial and financial partnership between French and African enterprises.