The Moroccan delegation aims to share its expertise in the renewable energies sector with a view to attracting more international investors from new markets, including Russia.
Rabat – A high-level Moroccan delegation will travel to Sochi in Russia to participate in the Africa-Russia Summit.
The symposium will take place from October 23-24 with the participation of Head of Government Saad Eddine El Othmani and Minister of Energy and Mines Aziz Rabbah.
The Moroccan delegation will consist of heads of the National Office for Hydrocarbons and Mines (ONHYM), the Office Chérifien des Phosphates (OCP), the National Office of Electricity and Drinking Water (ONEE), the Moroccan Solar Energy Agency and the Research Institute in Solar Energy and New Energies.
The head of government, El Othmani, will represent the King during the summit.
Forty African heads of state and government will participate in the event.
The symposium seeks to develop and strengthen the mutually beneficial ties between Russia and African countries.
Russian President Vladimir Putin emphasized that strengthening and developing beneficial ties with Africn countries is a priority policy for Russia.
The summit will be the “first full-scale top-level meeting, to which we have invited leaders of African states and heads of Africa’s major regional associations,” Putin said on Monday, October 21.
Russian officials, Putin said, are intending to “discuss relevant ideas with our partners, systematise and reflect them as conceteley as possible in the final declaration.”
The Moroccan Ministry of Energy said that 2,000 international economic experts from several fields are set to attend in the event.
Minister of Energy Rabbah will participate in two round tables during the event.
The first round table will be around the theme “Russia-Africa Cooperation in the energy sector.”
The second round table will be about “African minerals for the benefit of the people of Africa.”
Morocco is a pioneer in the sector of renewable energy. In May, the North African country ranked 13th in Global Renewable energy Attractiveness Rating.
The country’s already leading performance in the renewable sector has led it to aim for 42% of electricity from renewable energies by 2020.
Morocco has heavily invested in solar energy through the world’s 2nd largest solar plant, the Noor Ouarzazate project and Noor Midelt
The Russia Africa Summit serves as a new platform for the Moroccan delegation to earn more visibility in the world.
Through its participation in the event, Morocco seeks to attract more investors from Russia. Morocco’s strategic geographic position and its proximity to Europe has long made it a business hub for countries from across the world
Vladimir Putin will open the summit. The Russian president hopes that his country’s African partners “create the necessary stable and predictable business environment and investment protection mechanisms and ensure favourable investment climate.”
“Both Russia and Russian companies have substantial resources,” he added.