Investment Promotion and Investors Support with Moroccans of The World Experts in Finance and Business

The Mohammed VI Multidisciplinary Technical University Campus in Benguerir hosted a symposium on Saturday with the theme “Investment Promotion and Investor Support with Moroccan Experts in the Field of Finance and Business.” This symposium highlighted, in particular, the participation of Moroccan experts from international financial and investment institutions and bodies.

The symposium, which was jointly organized by the Polytechnic University of Mohammed VI and the Moroccan Community Council Abroad, focused on how to best utilize the experience Moroccans with backgrounds in finance and business have amassed and put it to use for all of the Kingdom’s development workshops.

By discussing the reality of investment in Morocco and its prospects, ways to strengthen it, develop it, and overcome its obstacles, as well as developing “practical” recommendations and proposals on how to attract Moroccan investments worldwide and enhance their participation in development in their home country, it also hoped to benefit from the expertise and competencies of Morocco in the worlds of finance and business.

The meeting served as a chance to highlight Morocco’s business-friendly environment, which supports the creation of high added value and observable socioeconomic benefits, and to thank international organizations for their support in choosing Morocco to host the World Bank and International Monetary Fund annual meetings in October.

In a similar vein, the decision to remove Morocco from the Financial Action Task Force’s Grey Regulation in order to increase foreign investors’ trust in the Moroccan financial system is anticipated to strengthen Morocco’s position as a significant investment destination in the region, particularly for foreign investors seeking to access developing African markets as well as Moroccan investors living abroad.

Abdellah Boussouf, the Secretary-General of the Moroccan Community Council Abroad (CCME), highlighted the fact that Mohammed VI University is a “scientific supplication for honor. By hosting this symposium, it acts as a platform to receive the skills of Moroccans around the world, with a focus on assuring “networking with these capabilities and competences of international financial bodies like London capitals, Dubai, and Frankfurt.”

Having emphasized the necessity of bridging their connections with the university’s study frameworks, with a view to achieving “Profit and positive returns from these energies,” they identified the Moroccan diaspora as “The reservoir of talents,” citing His Majesty King Mohammed VI’s speech on the occasion of the sixty-ninth anniversary of the King and People’s Revolution, in which he urged His Majesty to establish closer contact with members of the Moroccan community living abroad and to establish a mechanism for communication in the field of investment.

In addition, it reviewed the Council’s authority and duties, which go beyond conventional frameworks and formulas and instead adopt a rational, academic and scientific perspective, noting the need to define the term “knowledge economy” in order to properly credit economic literature, as suggested by the New Development Model Committee in this section.

In light of the country’s strong economic performance and resilience, Mr. Boussouf stressed that “academic research and scientific knowledge on investment, conducted by the Moroccan diaspora working in this field, are essential to enrich the national economic arena.” According to him, these people “possess scientific information and knowledge, which is predicated on being able to contextualize, through a realistic study of financial risks, which can only have praiseworthy returns on investment,” as a result of their positions.

He emphasized that “the appropriate scientific information at the right time alters a lot of financial calculated values” in this regard and urged the University to “invest the momentum that this meeting will produce” as a trustworthy and loyal partner.

For his part, the President of Mohammed VI Polytechnic University (UM6P), Hicham El Habti , praised the partnership that links this university institution with the Moroccan Community Council abroad, noting that this meeting is the “third” of its kind in which the world’s Moroccans participate, after the first research on the topic “Water”, and the second on the “Education”.

He emphasized that the university had started a number of initiatives that would keep pace with the event, similar to the “Road to Marrakech,” which is a favorable ground for clarifying a topic that is current in “innovation economy,” highlighting the societal roles of Mohammed VI Polytechnic university and its opportunistic programs. He went on to mention that the university will host the annual meetings of the International Monetary Fund (IMF) and the World Bank in October.

The symposium also took place in a “special unique setting for Morocco, especially with the hosting of the annual meetings of the International Monetary Fund (IMF) and the World Bank next October. This provided an opportunity to highlight the steps taken by the African continent in this regard, such as the creation of think tanks for the economy and the management of financial risks at the center of research.

He emphasized that the national economy is resilient to global volatility because of its “diversification of the economy, a living force that supports investment and the fortification of the economy,” and he cited Morocco’s diaspora remittances, which totaled AED 94 billion last year and are expected to continue on an upward trajectory this year.

He stated that a thorough understanding of His Majesty King Mohammed VI’s speech, given on the occasion of the sixty-ninth anniversary of the King and People’s Revolution, in which His Majesty allocated space to the Moroccans living abroad for the success of their investment projects, followed by the Investment Charter’s pragmatic audacity, would help to win the investment bet because “The Moroccans living abroad are a real pillar that helps to achieve development, once there is a selectivity for all interventions in the investment field, and the administrative difficulties that prevent optimal investment behind which the Moroccans of the world are behind them have been resolved.”

According to Mr. El Habti,  Mohammed VI University has 200 university professors, 60% of whom are Moroccans and 40% of whom are foreigners. The majority of these professors are Moroccans from the diaspora who “have influenced the return to their home country in order to enable him to accumulate experience and make it available to students.”

Leading experts, officials, and advisers from international economic, financial, and investment organizations, including the World Trade Organization, the Davos World Economic Forum, the Bloomberg World Economic Group, the American General Investment Group, the European Bank for Reconstruction and Development, and the African Development Bank Group, are represented by Moroccan competencies abroad, which took part in the symposium.

It also belongs to the London Stock Exchange, the German Stock Exchange, the Bank of England, the German Bank, Rothschild Bank and partners in Paris, BlackRock Global Investment Management Group, The Dutch Vitol Group specializing in energy, as well as the Jump Trading International Group specializing in technology and algorithmic trading strategies, Morgan Stanley British Group, Boston American Consulting Group, as well as academic and financial institutions and sustainability organizations from the United Kingdom, Germany, Switzerland, Côte d’Ivoire, France, the United Arab Emirates, the United States of America and Morocco.

The seminar addressed with the subjects of “Investment in Morocco: calendar and foresight” and “Ways to promote and expand investment in Morocco: for an attractive and competitive business climate”.

The topics of “Investing in Moroccan World Competencies and its Role in Attracting Investment from the Moroccan Community Abroad,” “Investing in Moroccan Culture: Cultural Industries and Economic and Sustainable Development,” “The Role of Moroccan World in Promoting the Dynamic of Moroccan Investment in Africa: Ways, Priorities and Gains,” and “Investments of Morocco and the Economy of the Future” were also highlighted.