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Ifrane – At the Morocco-US investment summit held this Friday in New York, the Regional Council of Laayoune-Sakia El Hamra emphasized its desire to encourage more US investments in the southern Moroccan region.
Organized by the Regional Council of Dakhla Oued Eddahab in partnership with the Moroccan Ministry of Industry and Trade, this investment meeting was marked by the participation of the President of the Council of Dakhla Oued Eddahab region, Yanja El Khettat, and an array of American businessmen.
Speaking at the gathering’s sectoral panels, various speakers presented the investment opportunities in Morocco’s southern provinces, especially in the financial and infrastructure sectors.
The Regional Council of Laayoune-Sakia El Hamra praised the organization of this incentive investment gathering, which comes four months after the Morocco-US Investment Forum held in Dakhla last March, according to a press release.
During the March gathering, both the participants and organizers agreed on the need of increasing investment and trade in the region while boosting bilateral collaboration and encouraging new US direct investment in agriculture, tourism, mining, and renewable energy.
The Council also underlined the different investment potential in the Laayoune-Sakia El Hamra region, which is rich in economic potential and encouraging investment, particularly in the sectors of energy, fishing, agriculture, tourism, services, and industries.
In addition, the Council highlighted the safe and free movement of people and products to Sub-Saharan Africa, citing the region’s security and stability and its tax regime that encourages domestic and foreign investment.
The Council further indicated that the government and democratically elected councils would use all available resources to promote development, social stability, and the promotion of local and international investments.
Also attending the special event were Amine Belhaj, Chief of Staff at the Ministry of Trade and Industry; Bachir Lafkih, Head of Division at the Regional Investment Council (CRI); and Ahmed Larouz, Chairman and CEO of Bridgizz and Partner Frig Invest, a Netherlands-based company.
