Rabat - In its determination to turn the Kingdom into the next international economic hub, Morocco is deploying new means to create a competitive environment for Moroccan and foreign investors, said Moulay Hafid Elalamy, the Minister of Industry, Trade, Investment and Digital Economy.
Rabat – In its determination to turn the Kingdom into the next international economic hub, Morocco is deploying new means to create a competitive environment for Moroccan and foreign investors, said Moulay Hafid Elalamy, the Minister of Industry, Trade, Investment and Digital Economy.
During the closure of the 1st Economic Forum of the Chamber of Commerce, Industry and Services (CCIS) of Fes-Meknes, Friday in Fes, Mr Elalamy said that the Kingdom has set up reinforced support for the regions to stimulate industrial investment and promote balanced territorial development.
Highlighting Morocco’s success in the automotive and aeronautics industries, Elalamy reminded his audience of the importance of traditional sectors such as textiles and leather. According to him, these still have a crucial role to play in creating added value and jobs.
“Morocco, which has opted for wise political and economic choices, has made openness its strategic focus,” he said. He explained that structural reforms have been carried out to adapt to competitive demands and accelerate the integration of the national economy into the global market.
“Thanks to the Industrial Acceleration Plan,” the Minister explained, “Morocco is committed to an integrated and inclusive approach and an irreversible and mastered insertion in global value chains.” He added that “world leaders are opting for Morocco and are developing major projects here.”
“With the integrated and innovative system put in place, these operators will now have more visibility and will be able to carry out their projects under more advantageous conditions,” he said.
Elalamy also stressed the need of the Fes-Meknes region to live up to the challenges of attractiveness, insisting on the need to orient the industrial fabric of the region around productive ecosystems. “This will have a multiplier effect of job creation and value (in the region),” he said.
The 1st Economic Forum of the Chamber of Commerce, Industry and Services (CCIS) was initiated under the title “Territory, Business and Economic Intelligence.” It was marked by the presentation of the CCI of Fez Meknes to Moroccan and foreign economic operators and decision-makers offers.
The meeting brought together national and international decision-makers representing government, local and regional authorities, regional councils, universities, and foreign partners representing countries in Africa, the Arab world and Europe. It was highlighted by twelve thematic workshops and by the presentation of three plenary lectures.