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Rabat – The Council of Dakhla-Oued Eddahab region signed on Monday two memorandum of understanding with US investor groups to promote American and international investments in Morocco’s southern province.
Yanja El Khettat, Chairman of the Board of the Dakhla-Oued Eddahab region, signed the agreements in New York with Ari Matityahu, CEO of Danforth Investors Group and Global Special Projects, and Michael Holtzman, Chairman of SEC Newgate US.
The agreement aims to boost efforts to boost investments in the southern Moroccan region, home to qualified human resources and assets contributing to the socio-economic development in the North African country.
Matityahu recalled Morocco’s security assets, describing the country as a “phenomenal business destination,” as well as “stable and advanced.”
The American businessman said he was encouraged to do more business with Morocco, announcing that all the companies in the portfolio of Danforth Investors are “committed to investing” in the tripartite joint declaration by Morocco, the US, and Israel.
The three countries signed the declaration in December 2020 after the re-establishment of relations between Morocco and Israel. The same declaration included the US new position on Western Sahara, supporting Morocco’s territorial integrity and sovereignty over the region.
The agreement is part of the Morocco-US Investment Forum, which took place last week on Friday. The event was organized by the regions of Dakhla Oued Eddahab, Laayoune Sakia El Hamra, and Guelmim Oued Noun, in partnership with the Moroccan Ministry of Industry and Trade.
Several businessmen from the US expressed their willingness to explore business opportunities in the southern province of Dakhla, which will host the Dakhla Atlantic Port — a flagship mega project under development to boost trade connectivity and investments in southern Morocco.
In March, US businessman Philip Blumberg commended the “enormous developmental progress” in Dakhla and said American companies are keen to invest in the city.
Blumberg, who is the chairman of Blumberg Capital, a company specializing in agribusiness, emphasized the importance of cooperation between Rabat and Washington, saying the US and Morocco “share common values and this encourages investors to invest in Morocco as a hub for all of Africa.”
