Focus in New York on investment opportunities in the southern provinces

The investment opportunities abounding in the southern provinces of the Kingdom thanks to an avant-garde multi-sectoral strategy undertaken under the leadership of King Mohammed VI were highlighted during the Morocco-Morocco investment meeting. USA, held 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 American businessmen were treated to presentations rich in detail and figures on the major infrastructure projects which are now the pride of the populations of the southern provinces and which continue to attract more investment.

Speaking on this occasion, the President of the Council of the 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 last March in the pearl of the South.

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

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

Recalling the adoption of the new development model for the southern provinces launched by HM the King in 2015, the speaker specified that the integrated development program concerning the region of Dakhla Oued Eddahab, resulting from 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, maritime fishing, tourism, training, culture and the environment .

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

This vision revolves around four engines of development, namely, ecological and natural tourism, renewable energies, maritime fishing and trade and logistics, he added.

The implementation of all these structuring development programs will make Dakhla Oued Eddahab a leading regional hub linking Morocco to its African extension and offering considerable investment opportunities for both Moroccan actors and other economic operators, especially Americans, said Yanja El Khettat.

For his part, the President of the Regional Council of Laâyoune-Sakia El Hamra, Sidi Hamdi Ould Errachid underlined, in a speech read on his behalf by Mr. Bachir Lafkih, Head of Division at the Regional Investment Council (CRI), that the region opens its arms to American investors in the Moroccan Sahara.

In this sense, he highlighted the advanced regionalization model whose general framework was put in place under the 2011 Constitution, noting that this project represents an unprecedented opportunity to initiate a renewed experience of territorial development based on the strengthening of regional institutions, by allowing the regions to build their own model while setting up solidarity mechanisms between the regions.

He also pointed out that the Laâyoune-Sakia El Hamra region is living at the rate of an all-out transformation in terms of infrastructure thanks to the new development model for the southern provinces which has resulted in the facts by a contractual program, adding that this program included a reminder of the projects of 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 of intervention, with investments for a total amount of 6.24 billion dirhams, which fall within the autonomous powers of the community, and investments for a total amount of 59.98 billion dirhams, which fall under the common and transferable powers of the community, with investments totaling 66.22 billion dirhams, including the contractual program, he specified.

And to emphasize that the regional council of Laayoune-Sakia El Hamra will spare no effort to provide all the means of support and stimulation necessary for the achievement of an integrated development in the region, which is based on the creation of more opportunities investment, responsibility and the democratization of the economy. He expressed the wish to see relations between Morocco and the United States stand out with the same dynamism, enthusiasm and broad mobilization to achieve this objective.

For her part, the President of the Regional Council of Guelmim Oued Noun, Mbarka Bouaida, called on American economic operators, in a video message, to visit the region to see firsthand the reform dynamics underway and its impact on the daily lives of populations.

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

Speaking at this meeting, Amine Belhaj, Chief of Staff to the Minister of Industry and Trade, stressed the importance of this meeting in strengthening economic and investment relations between Morocco and the States -United.

Speaking on behalf of the Minister of Industry and Trade, Ryad Mezzour, he noted that industry in Morocco has undergone a great transformation over the past two decades under the far-sighted leadership of HM King Mohammed VI, noting that large-scale infrastructure projects have emerged in all sectors and in all regions of Morocco, including the southern provinces.

He called on American economic operators to seize the enormous investment opportunities offered by Morocco and its southern provinces, particularly in the field of renewable energies.

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

Noting that the Kingdom offers enormous investment opportunities, particularly in the fields of energy, logistics, tourism, new technologies and agriculture, the American businessman said he was encouraged to do more business with the Morocco.

The Jewish businessman, on this occasion, announced that all Danforth Investors portfolio companies (35 around the world) are committed to doing business with the signatory countries of the historic agreement signed between Morocco, the United States and Israel.

This investment incentive meeting was also marked by sectoral panels where several speakers including Houda Boutoulout, director of the Regional Investment Council of Dakhla Oued Eddahab, Sanae Lamrani, director of ports and the public maritime domain at the Ministry of Equipment and Water and Mohamed Yousfi, Director of the Moroccan Agency for the Development of Logistics (AMDL) presented exhaustive presentations and institutional films on the economic and infrastructural potentialities of the three regions of the Moroccan Sahara.

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

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