Morocco Keeps Luring in Foreign Investments Despite Pandemic

The continuous flow of foreign investments in Morocco during the Covid Pandemic proves Morocco’s versatile role in luring in foreign investment opportunities and lessening a part of the Pandemic’s negative impact on the industry, reaffirmed Saad Eddine El Othmani, Moroccan prime minister, today, Wednesday during the fourth meeting of The Moroccan Agency of Investment and Development.

El Othmani further appraised the efforts taken by different contributors in order to overcome the economic and social situation caused by Covid Pandemic. He also described the pandemic as bottleneck situation that proved Morocco’s exceptional economic and industrial potential in terms of innovation.

Concerning the Free Trade Agreement, El Othmani clarified that by taking part in this Agreement, Morocco will achieve economic integration with neighboring African countries as well as provide Moroccan contractors with promising opportunities to access new markets which necessitates the development of a crystal-clear and effective action plan that will guarantee the implementation of each act of the Free Trade Agreement.

El Othmani further added that by Tangier’s Port raking as first Port in the Mediterranean in 2020, Morocco proved its credibility and value in logistics leadership which is going to spare with neighboring African countries especially after launching the Atlantic Port in Dakhla; thus, making Morocco’s southern Atlantic sphere a maritime façade of economic integrity and continental and International appeal.