What's Hot

    Tibu Health closes oversubscribed pre-Series A round

    March 27, 2023

    South Africa’s Fin acquires Thuthukani

    March 24, 2023

    Verod-Kepple Africa Ventures’ pan-African venture fund raises USD 43 million

    March 23, 2023
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      KarmSolar receives USD 3 million to develop Farafra Solar Grid

      January 11, 2023

      AD Ports Group reports strong growth

      January 3, 2023

      Hyosung Heavy Industries to start construction on South African energy storage project

      December 12, 2022
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      Free trade: Qatar and Morocco conclude second round of talks

      January 31, 2023

      Gold-for-oil: Ghana attempts to address forex pressures

      January 18, 2023

      AD Ports Group reports strong growth

      January 3, 2023
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      South Africa’s Fin acquires Thuthukani

      Banking Business Finance March 24, 2023
      Recent

      South Africa’s Fin acquires Thuthukani

      March 24, 2023

      Fintech dominates African startup funding

      February 15, 2023

      Social investment platform InvestSky raises USD 3.4 million

      January 12, 2023
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    FDI

    Morocco to host UAE delegation in efforts to bolster economic cooperation

    June 9, 20223 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Morocco
    Abdullah bin Touq Al Marri, the UAE’s Minister of Economy will lead a high-level delegation to the Kingdom of Morocco.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The UAE’s Minister of Economy will lead a delegation to Morocco to explore how the two countries can strengthen economic ties.

    Abdullah bin Touq Al Marri, the UAE’s Minister of Economy will lead a high-level delegation to the Kingdom of Morocco to discuss how the two countries might bolster economic cooperation and increase mutual investment flows. The delegation will leave the UAE for Morocco today (9 June).

    Economic opportunities

    The visit seeks to bring the business communities of Morocco and the UAE together and to support the private sector and entrepreneurs in contributing to trade and economic partnerships between the two countries. Al Marri will meet with a series of Moroccan ministers, government officials, and members of the private sector and will be part of an investment summit organized by Investopia intended to highlight promising sectors.

    The Investopia summit will bring together companies, businesspersons, investors, entrepreneurs, and SMEs from Morocco and the UAE and will present opportunities for building long-lasting and sustainable partnerships.

    Representatives from the government and the private sector

    Saeed Ahmed Al Dhaheri, Ambassador of the UAE to the Kingdom of Morocco, will support the delegation’s efforts. The visiting team is made up of representatives of the Ministry of Foreign Affairs and International Cooperation, the Federation of Chambers of Commerce and Industry, and the UAE International Investors Council. A number of private interests are also represented, including Sharaf Group, Abu Dhabi Future Energy Company (Masdar), Gulf Pharmaceutical Industries (Julphar), LIFCO, and Global Jet Technic.

    Morocco: Sectors of interest

    The delegation is expected to discuss opportunities in a range of sectors, including energy and renewable energy, industry, trade, and mining, tourism and infrastructure, Information and Communications Technology (ICT), food security, transport and logistics, agricultural technology, entrepreneurship, and other sectors supporting the Moroccan economy as the government seeks to diversify.

    Earlier in the year, a Moroccan trade delegation to the UAE presented opportunities in the country’s mining and minerals sector. The sector accounts for 10% of the country’s GDP.

    UAE companies have recently embarked on investments and projects within Morocco’s energy sector, with Masdar and AMEA Power working on solar power projects.

    UAE-Morocco non-oil trade reached USD 843 million in 2021, an increase of 44% compared to 2020. Morocco is a member of the African Continental Free Trade Agreement (AfCFTA), which would provide UAE-based companies with access to a market of 1.3 billion people with an estimated total gross domestic product of USD 3.4 trillion.

    AfCFTA African Continental Free Trade Agreement FDI investment morocco trade UAE
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleOman: Exports increase by over 50% year on year
    Next Article Ethiopia-UAE trade surpasses USD 2.5 billion over five years

    Related Posts

    Business Startups

    Chari opens new chain of B2B stores

    March 21, 2023
    Business Startups

    almentor raises USD 10 million in pre-Series C round

    March 20, 2023
    Business Startups

    Flat6Labs launches USD 95 million African tech startup fund

    March 16, 2023
    View 1 Comment

    1 Comment

    1. Pingback: Choiseul Africa Business Forum gathers regional leaders in Morocco

    Leave A Reply Cancel Reply

    LATEST STORIES

    Tibu Health closes oversubscribed pre-Series A round

    March 27, 2023

    South Africa’s Fin acquires Thuthukani

    March 24, 2023

    Verod-Kepple Africa Ventures’ pan-African venture fund raises USD 43 million

    March 23, 2023

    Dream VC launches professional VC talent accelerator programs

    March 22, 2023

    Chari opens new chain of B2B stores

    March 21, 2023
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

      Type above and press Enter to search. Press Esc to cancel.