The Moroccan Agency for Investment and Export Development (AMDIE) organizes, starting Monday, April 17, a roadshow in China, aimed at introducing Chinese investors to investment opportunities in Morocco.
The Moroccan delegation to this roadshow, underway until April 23, is led by the Minister Delegate to the Head of Government in charge of Investment, Convergence, and Evaluation of Public Policies, Mohcine Jazouli, accompanied by the Director-General of the Moroccan Agency for Investment and Export Development (AMDIE), Ali Seddiki.
This event is part of the strategic partnership concluded in 2016 under the leadership of His Majesty King Mohammed VI and Chinese President Xi Jinping. This partnership has strengthened bilateral relations between the two countries and expanded their scope of cooperation.
The roadshow kicked off in Shanghai, China’s financial hub, where Jazouli partook in several business meetings with major executives and representatives from the automotive, pharmaceutical, and energy sectors.
These meetings aim to boost Chinese investment in Morocco, promote the Kingdom’s investment assets and encourage companies to seize cooperation opportunities.
The second phase of this roadshow will take place in the Chinese capital Beijing, where high-level bilateral meetings are scheduled with leaders of Chinese institutions, including the Vice Minister of Foreign Affairs in charge of West Asia and North Africa, Deng Li, and the Chinese Minister of Commerce, Wang Wentao.
These meetings will provide an opportunity to strengthen cooperation between Morocco and China, as Morocco is already attracting numerous Chinese economic operators seeking a competitive platform and a favorable investment climate such as Huawei, Citic Dicastal, CRBE, Covec, ZTE, China Exim Bank and Bank of China.
Morocco and China share historical business ties and seek to elevate their level of cooperation to a higher level. Thanks to its strategic position, Morocco offers vast opportunities for Chinese investment, not only as a gateway to Africa but also to Europe and North America.
According to the World Bank’s (WB) estimates, the potential for Chinese offshoring jobs could amount to 85 million, and according to the World Bank’s (WB) former chief economist, Justin Lin, nearly 10% of the jobs are likely to go to Africa.