The CEO of InfraCo Africa, Gilles Vaes, stressed on November 9 in Marrakech that the development of Morocco’s manufacturing industry is the fruit of a far-sighted Royal vision.
Speaking on a panel under the theme “Made In Africa: Unleashing the Potential of Domestic Manufacturing”, on the sidelines of the 4th Africa Investment Forum (AIF), Vaes affirmed that “Morocco boasts a long-term vision driven by the Leadership of His Majesty King Mohammed VI”, adding that “this vision has contributed to raising the share of the Kingdom’s industry to 25% of its Gross Domestic Product (GDP)”.
InfraCo Africa’s CEO also stated that Morocco has well-positioned itself in terms of infrastructure development, improved electricity production, and internet access, in addition to workforce qualification.
For her part, the President and CEO of Pharma 5, Mia Lahlou Filali, emphasized the role played by the acceleration of the industry in Africa in the development of Pharma 5, which is now positioned as the continent’s leading generic drug manufacturer.
Lahlou Filali also praised the development of Morocco’s entrepreneurial spirit over recent decades, thanks to the Enlightened Vision of His Majesty King Mohammed VI, which has enabled the Kingdom to unleash its industrial potential and boost economic growth.
In a similar statement, Valerie Labi, the CEO of Wahul, a company specializing in the manufacture of electric vehicles, emphasized the importance of developing the entrepreneurial spirit as a key to success on the road to industrialization in Africa, noting that this also entails implementing appropriate regulations, promoting university research, and accelerating investment, particularly in infrastructure.
The Africa Investment Forum (AIF) is a multi-stakeholder event focusing on concluding agreements at the continental level, through an innovative structure that projects presentations in dedicated “board rooms” and high-level sector debates. Nearly 600 high-level participants took part in this year’s event (November 8-10).