Morocco-USA | Focus in New York on investment opportunities in the southern provinces

The investment opportunities that abound in the southern provinces of the Kingdom thanks to an avant-garde multisectoral strategy implemented under the leadership of HM King Mohammed VI were highlighted during the Morocco-US investment summit held on Friday in New York.

During this meeting, organized by the Regional Council of Dakhla Oued Eddahab in partnership with the Ministry of Industry and Trade, prominent participants, including US businessmen, were treated to presentations rich in detail and figures on the major infrastructure projects that are now the pride of the people. the southern provinces and which continues to attract more investment.

Speaking on this occasion, the President of the Council of Dakhla Oued Eddahab Region, Yanja El Khettat, stressed that this investment incentive meeting comes in the wake of the Morocco-USA Business Forum, which took place in March last year in the pearl of the south.

This event, which was attended by a large number of US economic actors, demonstrates the interest in strengthening the cooperation and partnership between the stakeholders in the two countries, Mr. El Khettat and noted that the meeting held by the US megalopolis serves as a platform to present the business climate, the socio-economic potential and the investment opportunities in the Dakhla Oued Eddahab region.

In this context, he pointed out that this meeting is a “very strong signal” to national and international investors, especially Americans, and whose main purpose is to strengthen the ties between regional, national and and the United States and to help further develop attractiveness and competitiveness. of the region.

The speaker recalled the adoption of the new development model for the southern provinces, launched by HM King in 2015, and clarified that the integrated development program for the Dakhla Oued Eddahab region, which is a result of this new model, includes the realization of Seven structuring programs relating to the development of the regional territory, and this in several areas, in particular port and road infrastructure, energy, agriculture, fisheries, tourism, education, culture and the environment.

He also indicated that the Dakhla Regional Council, in complementarity with this integrated program dedicated to the southern provinces and in the context of the application of advanced regionalization, has adopted a development program based on a vision that provides excellent opportunities to ensure progressive and sustainable economic integration for the region.

This vision is about four development engines, namely organic and natural tourism, renewable energy, maritime fisheries and trade and logistics, he added.

The implementation of all these structuring development programs will make Dakhla Oued Eddahab a leading regional hub that connects Morocco with its African enlargement and offers significant investment opportunities for both Moroccan and other economic actors, especially Americans, Mr El Khettat further confirmed.

For his part, the chairman of the Regional Council of Laâyoune-Sakia El Hamra, Sidi Hamdi Ould Errachid, in a speech read on his behalf by Mr Bachir Lafkih, Head of the Regional Investment Council (CRI), emphasized that the region is opening its arms to US investors in the Moroccan Sahara.

In this sense, he highlighted the advanced regionalization model, the general framework of which was introduced under the 2011 Constitution, and noted that this project represents an unprecedented opportunity to initiate a renewed experience of territorial development based on strengthening regional institutions by allowing regions to build their own model and at the same time establish solidarity mechanisms between the regions.

He also pointed out that the Laayoune-Sakia El Hamra region is living at the speed of a total transformation in terms of infrastructure thanks to the new development model for the southern provinces, which has resulted in facts through a contractual program, and adds that this program included a reminder of the projects in the contractual program (43 billion dirhams) as well as a set of projects with which the entity accompanies the groups (1.3 billion dirhams) through special agreements.

These projects are divided into four priority areas, with investments totaling € 6.24 billion falling within the Community’s autonomous powers and investments totaling € 59.98 billion falling within the common and The Community’s transferable powers with a total investment of 66.22 billion dirhams, including the contractual program, he specified.

And to emphasize that the Laayoune-Sakia El Hamra Regional Council will spare no effort to provide all the means of support and stimulation needed to achieve an integrated development in the region, based on the creation of More opportunities, investment, responsibility and democratization of the economy. He expressed a desire to see the relations between Morocco and the United States stand out with the same dynamism, enthusiasm and broad mobilization to achieve this goal.

For her part, the chairman of the Regional Council of Guelmim Oued Noun, Mbarka Bouaida, invited US economic actors, in a video message, to visit the region to see for themselves the dynamics of reform underway and its impact on the daily lives of the population.

She also highlighted the region’s enormous potential, especially in terms of investment and tourism, while inviting American investors to discover facets of the history and culture of a thousand-year-old kingdom.

Speaking at this meeting, Mr Amine Belhaj, Chief of Staff of the Minister of Industry and Trade, emphasized the importance of this meeting in order to strengthen economic and investment relations between Morocco and the United States.

On behalf of Minister of Industry and Trade Ryad Mezzour, he noted that industry in Morocco has undergone a major transformation over the last two decades under the foresighted leadership of HM King Mohammed VI, noting that major infrastructure projects have emerged in all sectors and in all regions of Morocco, including the southern provinces.

He urged US economic actors to seize the huge investment opportunities offered by Morocco and its southern provinces, especially in the field of renewable energy.

At this event, the CEO of the American company Danforth Investors, Ari Matityahu, emphasized that Morocco, a “stable and advanced” country, now presents itself as a “phenomenal” business destination under the leadership of HM King Mohammed VI.

The US businessman noted that the kingdom offers huge investment opportunities, especially in energy, logistics, tourism, new technologies and agriculture, and said he was encouraged to do more business with Morocco.

The Jewish businessman announced on this occasion that all of Danforth Investor’s portfolio companies (35 around the world) are required to do business with the signatories of the historic agreement signed between Morocco, the United States and Israel.

This investment incentive meeting was also marked by sectoral panels, with several speakers including Houda Boutoulout, Director of the Dakhla Oued Eddahab Regional Investment Council, Sanae Lamrani, Director of Ports and Public Maritime Domain of the Ministry of Equipment and Water and Mohamed Yousfi, Director of the The Moroccan Logistics Development Agency (AMDL) presented comprehensive presentations and institutional films on the economic and infrastructural potentials of the three regions of the Moroccan Sahara.

Participants were also able to follow a panel on the empowerment of women in the southern provinces led by in particular Aziza Cheggaf, member of the Regional Council of Dakhla Oued Eddahab and Lubna Dajani, general manager and president of the Allternet company.

LR / MAP

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