Luxembourg’s Economy Minister said that his country sees Morocco as a serious investment hub.
Rabat – Deputy Prime Minister of Luxembourg Etienne Schneider said that companies from Luxembourg, which are active in the African market, see Morocco as a real investment hub.
Schneider, who is also Luxembourg’s Economy Minister, met with Morocco’s Minister of Industry Moulay Hafid Elalamy on Monday, September 23. The meeting is part of the visit of the Hereditary Grand Duke of Luxembourg, Prince Guillaume, and his wife Princess Stephanie de Lannoy to Morocco for an official visit.
Schneider reaffirmed that Luxembourg is determined to further develop its economic relations with Morocco.
He added that his country “aspires to make the port of Tangier Med its hub on the African continent.”
The official is leading a high-level economic mission from Luxembourg to Morocco on September 23-26.
Luxembourg has made the choice to forge ahead with the diversification of its economy, he added.
Speaking to the press, resident of Chamber of Commerce in Luxembourg Luc Frieden said that cooperation between the two countries ‘offers countless” opportunities to boost both economies.
“We want to support the partnership between Morocco and Luxembourg in the various areas represented by the Chamber in a mutually beneficial way,” said Frieden.
Elalamy also expressed his satisfaction with the meeting, emphasizing the strong desire to continue to develop relations between Morocco and Luxembourg.
In another meeting, convening Minister of Economy and Fincena and Prince Guillaume, both countries reiterated determination to further develop their cooperation.
The prince said that bilateral cooperation will “help to face common challenges and meet a common vision.”
“Morocco is considered a gateway to Africa,” he added.
The visit of the high-level delegation from Luxembourg, according to the prince, focuses on the sector of digitization and logistics.