In a noteworthy address on Thursday, Managing Director of the Royal Institute of Strategic Studies (IRES), Mohammed Tawfik Mouline, shed light on Morocco’s pivotal role in advancing energy sovereignty within the Mediterranean region.

Mr. Mouline delivered these insights during his participation in the 4th international conference “ÁFRICA XXI,” a collaborative effort by the Friedrich Naumann Foundation (FNF) and the Institute for Promotion of Latin America and the Caribbean (IPDAL). He underscored Morocco’s dedicated efforts in the field of energy cooperation in the Mediterranean, particularly emphasizing the strategic responses formulated in the aftermath of the war in Ukraine.

Reflecting on the energy landscape in the Mediterranean basin and the enduring challenges it faces, the IRES Managing Director advocated for intensified cooperation in the region.

Despite contributing less than 6% to global oil and gas production, the Mediterranean serves as a crucial transit zone for international hydrocarbon trade. Mouline highlighted the significance of the Strait of Gibraltar, a major maritime route accounting for over a third of global hydrocarbon traffic.

Addressing current electricity interconnections, Mouline highlighted existing links between Morocco and Spain, totaling 1,400 MW, and outlined plans for additional connections, including those involving Portugal.

Mouline urged for the establishment of a Mediterranean energy pact to address emerging challenges. Citing the energy shock post the Ukrainian conflict, he called upon Mediterranean countries to reevaluate energy security and sovereignty. He proposed the development of a shared energy vision, aiming for carbon neutrality by 2050 across the entire Mediterranean basin. Emphasizing the importance of collaboration, Mouline advocated for a cooperative framework that encourages dialogue and consensus among Mediterranean countries.

In conclusion, Mouline’s insights provided a compelling argument for a renewed focus on energy security, sustainability, and collaboration within the Mediterranean. This year’s edition of the conference gathered ambassadors accredited to Portugal, senior representatives of the Portuguese Ministry of Foreign Affairs, international organizations, and experts from African and European Think Tanks and universities.

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A place to do business is Morocco. According to the most recent report by the Royal Institute for Strategic Studies (IRES) on the development of Morocco’s international positioning, this has happened. The Kingdom is unquestionably one of the “Best Countries for Business,” according to La Vie Éco’s weekly report.

Morocco’s ranking is unquestionably the result of “a significant improvement in its international positioning under this index,” claims the weekly La Vie Eco. In this regard, it should be noted that the Kingdom experienced a significant improvement between 2007 and 2019, rising no less than 35 places, in part as a result of actions taken to improve the general business climate.

Another figure confirms this assertion: between 2004 and 2020, Morocco has achieved a jump of 75 places on the index “Doing Business”. A progress obtained “thanks to the Kingdom’s advances in the field of business creation, property transfer, obtaining loans, protection of minority investors and cross-border trade”, reports La Vie Éco.

The Global Entrepreneurship Index is a new indicator that is mentioned in the weekly. On the continent, the Kingdom comes in fifth place. This ranking is “favored by Morocco’s capacity to develop new products, promote the emergence of start-ups, and integrate the use of new technologies,” the IRES report states.

In terms of investment attractiveness in the MENA region, Morocco remains an attractive country. Proof of this is its presence in the top 20 “Best Cost” destinations of the Global Manufacturing Risk Index. In other words, Morocco is “on the world’s radar”, says La Vie Éco.

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