In the Kingdom’s statement to the 13th session of the Investment, Enterprise and Development Commission of the United Nations Conference on Trade and Development, the Moroccan delegation stressed that this policy is based primarily on active solidarity, exchange and sharing, as well as the promotion of innovative and mutually beneficial partnerships, especially in Africa and the Arab region.
Morocco has placed its development efforts in the framework of a regional, sub-regional and inter-regional dimension, working to consolidate an efficient South-South cooperation, the delegation said, adding that the Moroccan private sector is actively involved in strategic investments in Africa, affecting several sectors such as agribusiness, finance, banking, telecommunications, mining, tourism, irrigation and social housing.
At the national level, the Moroccan government has undertaken several actions to promote investment and economic competitiveness, and to enable the Moroccan financial system to play its full role in financing the economy.
The delegation stressed in this regard that the promotion of investment is a priority of the Moroccan government to finance socio-economic development programs, highlighting the progress made in improving the business climate and the various sectoral strategies adopted that have consolidated Morocco’s attractiveness for foreign direct investment, not only as a source of external financing, but also as a vehicle for the transfer of know-how and technology.
The statement of Morocco also noted that the kingdom has adopted, very recently, a new investment charter, aiming, among other things, the orientation of investment towards priority sectors and trades of the future, improving the business climate and facilitating the process of investment, encouraging sustainable development, and strengthening the attractiveness of Morocco to make it a continental and international pole of foreign direct investment.
The Kingdom has put in place a modern regulatory framework for Public-Private Partnerships (PPP), which has allowed the acceleration and development of public investment, particularly in the field of infrastructure and services of economic and social nature, said the delegation.
Source: Agency Morocaine De Presse