Rabat – Moroccan Minister of Foreign Affairs Nasser Bourita is taking part today in the “Invest in Senegal” forum in Dakar.
He leads a “strong” Moroccan delegation made up of business leaders from banking, pharmaceutical, energy, water, and other sectors, including representatives of the General Confederation of Moroccan Enterprises (CGEM), his ministry said in a press release.
Organized by the Senegalese government, the forum is the country’s main annual economic event. It brings together international investors and Senegalese project promoters, allowing them to meet, present ideas, and explore partnerships.
“Morocco’s high-level participation in this forum underscores the Kingdom’s support for Senegalese development initiatives and reflects the quality of the fraternal and solid cooperative relations uniting the two brotherly countries,” stated the ministry.
It added that this participation also reflects King Mohammed VI’s sustained interest in promoting South-South cooperation and reinforcing mutually beneficial economic relations within Africa.
The Senegalese government is set to present investment opportunities in many priority sectors at the forum, including in energy, health, pharmaceuticals, finance, agriculture, infrastructure, and digital economy. The aim is to attract global capital and accelerate the country’s growth.
Through Morocco’s participation, both governments aim to deepen trade, investment, and industrial cooperation, with benefits for both economies.
This year’s edition of the forum is taking place on October 7 and 8 at the CICAD Conference Center in Diamniadio, near Dakar. The forum’s theme is “Connecter les opportunités, bâtir l’avenir” (“Connecting opportunities, building the future”).
It is intended to mobilize both public and private investment in key growth sectors, encourage public-private partnerships (PPPs), and promote joint ventures between international and local actors.
The forum uses formats such as plenary sessions, thematic round tables, boardrooms, B2B and B2G meetings, exhibitions, and side events to foster dialogue and dealmaking.
It is part of Senegal Vision 2050, which seeks to transform the country’s economic model, reduce dependency on external debt, and build a more inclusive, resilient, and industrialized economy.
The Senegalese government has introduced reforms in investment law, tax policy, and public-private partnership legislation to make the country more attractive to investors.
Morocco and Senegal share a long history of diplomatic, cultural, and economic cooperation. Their bilateral relations cover sectors like agriculture, water, infrastructure, health, and education.
Morocco launched last year a new maritime trade route connecting Agadir to Dakar, which aims to strengthen trade ties, reduce transit costs, and improve access between North and West Africa.
The presence of Moroccan economic actors at the forum may lead to new joint projects in sectors such as energy, water, pharmaceuticals, and industrial development.
