Thanks to its strategic location, Morocco offers ample opportunities for Chinese investment.
The Moroccan Investment and Export Development Agency (AMDIE) is organizing a roadshow in the People's Republic of China starting today, April 17 until April 23. The objective of the event is to promote Morocco as a destination among Chinese investors, AMDIE said in a statement.
The Delegate Minister of Investment, Convergence and Evaluation of Public Policies, Mohcine Jazouli, and the Director General of AMDIE, Ali Seddiki, will lead the Moroccan delegation in this promotional campaign.
The event is part of the framework of the multidimensional strategic partnership concluded in 2016 under the leadership of King Mohammed VI and Chinese President Xi Jinping, adds the AMDIE statement, specifying that this agreement has already strengthened bilateral relations between the two countries. and expanded the scope of their cooperation.
The start of this roadshow takes place in Shanghai, China's financial center, where Mohcine Jazouli plans to participate in several business meetings with important officials and representatives of the automotive, pharmaceutical and energy sectors.
The objective of these meetings is to stimulate Chinese investment in Morocco, promote the kingdom's investment assets and encourage companies to take advantage of collaboration opportunities.
To consolidate cooperation between the two friendly countries and raise their level of cooperation to a higher level, the second venue of the roadshow will be the capital, Beijing, where high-level bilateral meetings will be held with the leaders of Chinese institutions, including the Vice Minister of Foreign Affairs in charge of Southwest Asia and North Africa, as well as the Minister of Commerce.
Several Chinese economic operators, namely Huawei, Citic Dicastal, CRBE, Covec, ZTE, China Exim Bank and Bank of China, are looking for a competitive platform and a favorable business climate, and Morocco is already attracting their interest.
According to World Bank estimates, the offshoring potential of Chinese jobs could reach 85 million, while its former chief economist, Justin Lin, confirmed that around 10% of jobs could go to Africa, of which Morocco could gain a great part.
Thanks to its strategic location, Morocco offers ample opportunities for Chinese investment, not only as a gateway to the African continent, but also to Europe and North America.