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Rabat – The United Arab Emirates (UAE) will continue to invest in the Moroccan economy, said Issa Al-Balushi, the Emirati consul in Morocco’s Laayoune.
Al-Balushi affirmed that his country wants to stay involved with the Moroccan economy through encouraging and participating in investments, stating that the total investments at the end of last year amounted to $20 billion.
The statements came as part of the Morocco-UAE Forum of Affairs, which started in Laayoune yesterday.
The forum signifies “the spirit of brotherhood between Morocco and the UAE,” according to Al-Balushi’s speech at the opening of the forum. He added that the Gulf state looks forward to building stronger and deeper relationships throughout Morocco, especially in the southern Sahara regions.
The consul stated that the UAE has been the top Arab investment partner with Morocco since 1976, as the Abu Dhabi Fund for Development has contributed more than $2 billion in more than 80 projects in Morocco.
Al-Balushi also renewed his country’s commitment to continue working with Morocco on an economic front and to include them in significant events held in the Emirates, such as the World Expo in Dubai.
The Emirati official stressed the importance of the Sahara region to future UAE involvement in the country, mentioning that the southern regions of Morocco are about to enter a new economic era under the leadership of King Mohammed VI.
The forum which started on Monday, July 12, aims to explore more avenues for economic partnerships between the two countries and to strengthen the bilateral relationships between them.
