Rabat – US businessman Philip Blumberg said that many American companies are interested in investing in the Dakhla-Oued Eddahab region.
Blumberg represents the American delegation taking place in the US-Morocco Investment Forum in Dakhla.
Blumberg said on Tuesday, March 8, that the Dakhla region has made enormous developmental progress and noted that it will soon host a large port, referring to the Dakhla Atlantic port.
The American businessman also recalled that Dakhla is home to various other projects in the fields of agriculture and industry, calling on investors and local officials to examine the economic potential offered by the region.
Blumberg is the chairman of Blumberg Capital, a company specialized in agribusiness.
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During his participation in the forum, Blumberg emphasized the importance of regional stability as a key factor in making investments.
Several investors, politicians, and officials have been commending social and security stability in Morocco.
Blumberg said that many American companies are interested in investing in the Dakhla region, recalling that both the US and Morocco have always had a strong and close relationship.
The businessman affirmed that bilateral ties have been strengthened in recent years.
“The two countries share common values and this encourages investors to invest in Morocco as a hub for all of Africa,” Blumberg said.
Jim Pickup, Executive Director of the Middle East Investment Initiative, joined Blumberg to emphasize the region’s importance of the region for furthering projects.
He said that the purpose of the delegation’s visit is to explore the investment and trade opportunities in the region.
Over 20 leading businessmen in the agri-food, renewable energy, finance, and medical technology sectors attended the forum.
The forum also hosted a business to business session, which served as an opportunity for American economic operators wishing to invest in the region to explore the region’s investment assets in different sectors.
Panels of the business-to-business events focused on trade and industry, tourism and crafts, the Atlantic port and logistics, agriculture and fishing, and renewable energies and mining.
During their business trip to Dakhla, American investors and economic operators will also visit flagship projects in the region to assess the potential investment opportunities.
