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Marrakech – Luxembourg’s Economy Minister Lex Delles concluded a four-day economic mission to Morocco on May 7, closing out a visit that produced new cooperation leads in green finance, renewable energy, aerospace, and logistics.
The mission ran from May 4 to 7, bringing a delegation of 40 people to Casablanca and Rabat. It included representatives from 22 Luxembourg companies and five institutions, primarily active in construction, technology, industry, and logistics.
The Luxembourg Chamber of Commerce organized the visit alongside the Luxembourg Trade and Investment Office (LTIO) in Casablanca, the Luxembourg Embassy, and two Luxembourg ministries.
“Morocco confirms its role as a leading economic partner in Africa, with strong ambitions in strategic sectors,” Delles told reporters. “This mission allowed us to identify avenues to deepen our economic relations.”
The ministerial agenda included back-to-back meetings with senior Moroccan officials. In Casablanca, Delles sat down with Industry and Trade Minister Ryad Mezzour. The two discussed cooperation prospects in renewable energy, logistics, and emerging industries.
In Rabat, a meeting with Economy and Finance Minister Nadia Fettah Alaoui focused on priority areas including green finance, clean energy, and innovation. The two sides confirmed a shared commitment to strengthening dialogue between their financial centers.
The delegation also visited Mohammed VI Polytechnic University (UM6P) and its StartGate incubator. That visit built on an exchange agreement signed in February between UM6P and the University of Luxembourg, aimed at boosting academic mobility between the two countries. UM6P, founded by the OCP Group, hosts nearly 8,700 students across four campuses.
In the industrial sector, the delegation met with the Moroccan Aerospace and Space Industries Group (GIMAS). The body represents a structured ecosystem of roughly 150 companies and 26,000 jobs. Discussions explored potential synergies in aeronautics and space manufacturing.
This fourth major official mission in under a decade
A Morocco-Luxembourg Economic Forum, organized in partnership with the General Confederation of Moroccan Enterprises (CGEM), the country’s private sector employers’ federation, served as a central event. It convened public and private actors from both countries for sector-specific discussions and partnership talks.
A separate business breakfast gathered 12 Moroccan startups in fintech, healthtech, AI, smart mobility, energy, climate, and space. Those firms were selected by the LTIO Casablanca to participate in the Nexus trade fair in Luxembourg in June.
A stop at Casablanca Finance City (CFC) gave the delegation an overview of Morocco’s regulatory framework, business setup conditions, and access to African markets for international firms.
Luxembourg companies also met with Morocco’s National Airports Authority (ONDA) and the National Agency for Public Equipment (ANEP) to discuss ongoing infrastructure projects. They toured the Mohammed VI Tower in Rabat, recently inaugurated and built in part by Belgium’s BESIX Group. Luxembourg-based multinational ArcelorMittal supplied the steel for the tower.
The B2B track, coordinated by the Chamber of Commerce and the LTIO Casablanca, ran alongside the ministerial program. It included targeted meetings between Luxembourg firms and Moroccan counterparts, with the aim of turning introductions into concrete project partnerships.
The LTIO in Casablanca confirmed that Luxembourg currently ranks among the top 10 foreign investors in Morocco. This was the fourth major official mission between the two countries since 2015, a sign of steady deepening in bilateral ties.
The October 2022 visit was led by then-Hereditary Grand Duke Guillaume – now Grand Duke of Luxembourg – and Economy Minister Franz Fayot.
The timing of the mission aligns with a favorable economic window. The International Monetary Fund (IMF) projects Morocco’s GDP to grow at 4.4% in 2026, while the country’s High Commission for Planning (HCP) forecasts 5% growth.
Morocco recorded MAD 43.80 billion ($4.38 billion) in FDI revenues in 2024, a 10% increase over 2023, with net FDI flows surging 52% to MAD 16.29 billion ($1.63 billion). That momentum carried into 2025, with net FDI flows jumping 63.6% in the first quarter alone.
The country is also expanding port and rail infrastructure, deploying 5G and fiber optic networks, and preparing to co-host the 2030 FIFA World Cup with Spain and Portugal – all areas where Luxembourg firms see entry points.
