logo
Morocco Strengthens Market Ties with UK During London Visit

Morocco Strengthens Market Ties with UK During London Visit

Morocco World08-05-2025
Rabat – The British government reaffirmed its intention to build a stronger partnership with Morocco during the Morocco Capital Markets Days conference held this week in London's financial district.
Speaking on behalf of Prime Minister Keir Starmer, Ben Coleman, the UK's Trade Envoy to Morocco and West Africa, described Morocco as a 'trusted partner' and said the relationship between the two countries stands at a promising turning point.
'The UK government is fully committed to taking our ties with Morocco further,' Coleman said. He welcomed the return of the event to the City, saying it comes at a time when both countries stand to gain from closer cooperation in finance and investment.
Coleman noted that Morocco and the UK share more than eight centuries of diplomatic and commercial ties. He recalled the first trade agreement signed in 1721 and said it laid the foundation for a relationship that has steadily grown since. 'We need to build on that heritage and keep moving forward,' he said.
Read also: Morocco's Southern Provinces: 'A New Green Growth Corridor to the UK'
The eighth edition of Morocco Capital Markets Days brings more than 34 Moroccan listed companies to London to meet with international investors, institutions, and market players. The event continues through Friday and forms part of Morocco Business Weeks, a broader initiative running in the UK from April 28 to May 9.
For Coleman, the significance of the gathering goes beyond finance. He sees it as an opportunity to bring business communities closer together, encourage investment, and unlock new avenues for joint projects.
'Our economies complement each other,' he said. 'We have the tools and the ambition to take this partnership to new levels.'
Coleman commended the pace of development in Morocco, particularly in infrastructure. He pointed to the expansion of the high-speed rail network as one example of Morocco's forward momentum, especially in view of the 2030 FIFA World Cup, which the country will co-host with Spain and Portugal.
Coleman also described Morocco as a natural bridge to the rest of the African continent. 'It offers a gateway to West Africa and beyond,' he said, stressing the strategic value of closer cooperation not just between governments, but among entrepreneurs and investors.
The conference, supported by Morocco's embassy in London, includes more than 160 one-on-one meetings between Moroccan companies and international investors. The Casablanca Stock Exchange, which co-organizes the event, sees it as a key step toward bringing Morocco's capital market closer to global platforms.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Polisario responds to King Mohammed VI's Throne Day address
Polisario responds to King Mohammed VI's Throne Day address

Ya Biladi

time2 hours ago

  • Ya Biladi

Polisario responds to King Mohammed VI's Throne Day address

The Polisario Front has responded to the Throne Day speech delivered by King Mohammed VI on Tuesday, June 29. In a statement, the movement said that «any consensual solution, one that allows all parties to save face, with no winners or losers, must be democratic, grounded in international law, and acknowledge the Sahrawi people's right to self-determination and independence, without recognizing Moroccan sovereignty over Western Sahara». «If Morocco is sincere and acting in good faith, we are ready to engage in direct, serious, and credible negotiations under the auspices of the United Nations, without preconditions or imposed terms, aimed at reaching a just and mutually acceptable solution», the statement added. «This solution must respect international legal standards and recognize the Western Sahara conflict as a decolonization issue». In his address, King Mohammed VI called for an «open dialogue» with Algeria to turn a new page in relations between the two countries. He also noted that growing international support for Morocco's position on Western Sahara «encourages us to pursue a consensual solution that preserves the dignity of all parties, without winners or losers».

Akhannouch Reaffirms Government's Commitment to King's Development Vision
Akhannouch Reaffirms Government's Commitment to King's Development Vision

Morocco World

time17 hours ago

  • Morocco World

Akhannouch Reaffirms Government's Commitment to King's Development Vision

Morocco's Head of Government Aziz Akhannouch reaffirmed that that the government stands firmly aligned with King Mohammed VI's vision to push forward territorial development efforts across the country Speaking after the royal reception held today in M'diq to mark Throne Day, Akhannouch described the occasion as a meaningful celebration for all Moroccans. He said the anniversary offers a renewed opportunity to reflect on the key achievements and major projects carried out under the King's leadership, especially in the economic and social sectors. Akhannouch also drew attention to the content of the King's Throne Day speech, which he said lays out new directions for boosting territorial development. He stressed that the government remains fully mobilized to implement the royal strategies aimed at creating broader opportunities and improving conditions across Moroccan regions. The King's vision for territorial development In his speech on July 29, the King outlined a vision for territorial development across the country. The monarch called for moving from 'classic patterns of social development to an approach in terms of integrated territorial development.' He stressed that there is no place, neither today nor tomorrow, 'for a Morocco advancing at two speeds.' The King outlined four priority areas for new territorial development programs, including employment promotion through 'valorization of regional economic potential and the establishment of a climate favorable to entrepreneurship and local investment.' The second area concerns strengthening basic social services, particularly education and healthcare, 'to preserve the dignity of citizens and establish spatial justice.' The king also raised the need for a 'proactive water resource management in response to worsening water stress and climate change,' as well as 'launching integrated territorial upgrading projects in alignment with national mega-projects.' Tags: economic developmentKing Mohammed VITerritorial development

Spanish Drivers Flock to Morocco for Low-Cost Car Repairs
Spanish Drivers Flock to Morocco for Low-Cost Car Repairs

Morocco World

time18 hours ago

  • Morocco World

Spanish Drivers Flock to Morocco for Low-Cost Car Repairs

Marrakech – Thousands of Spanish drivers are crossing the strait to repair their vehicles in Morocco, taking advantage of dramatically lower labor and parts costs. According to El Confidencial Digital, the trend is growing rapidly as drivers combine vacations with essential maintenance. The news outlet cited the example of Marcos from Madrid, who faced a €4,000 repair bill for his 25-year-old Toyota Land Cruiser. Through an online forum, he discovered that workshops in Tangier could complete the same transmission repair, turbo replacement, and full inspection for less than €1,000, including original manufacturer parts with warranty. This stark price difference stems primarily from labor costs. While Spanish mechanics charge between €100-150 per hour, the equivalent Moroccan rate hovers around €2 per hour. Additionally, Morocco's less stringent environmental regulations reduce waste disposal expenses that European shops must factor into their pricing. The ferry crossing between Tarifa and Tangier costs less than €200 round-trip, making the journey economically viable despite travel expenses. Many Spanish vehicle owners now plan their vacations around vehicle maintenance, creating a booming industry in border cities. The savings extend beyond basic repairs. Complete vehicle painting services cost approximately €500 in Morocco, an amount that 'wouldn't cover even a single fender in Spain,' as mechanics explain. Specialized forums share lists of trusted workshops organized by vehicle model or repair type. However, the Iberian report did not shy away from pointing to some of the more controversial aspects of this growing trend, citing reports of so-called 'pirate' workshops allegedly using parts of questionable origin, possibly even stolen from Spain. It also mentioned clandestine mechanics operating near vehicle inspection stations in Ceuta and Melilla who offer last-minute fixes to help vehicles pass their inspections – claims that, while unverified, often surface in narratives aimed at casting Moroccan activity in a negative light. Read also: Morocco's Auto Labor Cost: Just $106 Per Vehicle Far from the car maintenance industry, Morocco's broader automotive growth has led Spanish media like El Economista to refer to the country as a 'low-cost Spain,' noting that it is developing the same key sectors that once fueled Spain's own economic rise – namely tourism and automotive manufacturing. The outlet also linked this industrial expansion to Morocco's overall economic momentum, with the country's GDP expected to grow by around 4% this year and further gains projected for 2026 and 2027. Vehicle production in Morocco increased by 36% in the first half of 2025, with more than 350,000 vehicles manufactured. The automotive sector now represents over 10.4% of Morocco's GDP, employs around 220,000 workers, and accounts for more than 25% of the country's exports. JP Morgan analysts note that 'Morocco has been and will likely continue to be a country with a solid macroeconomic trajectory.' The country's stability, low labor costs, and strong relationship with the EU have attracted substantial foreign investment. Chinese battery manufacturers are establishing gigafactories in the country, and existing automotive operations in Tangier and Kenitra continue to expand. If current production levels continue through the second half of the year, Morocco's annual automobile production will surpass that of Italy, Poland, and Romania, according to Capital Economics analysts. For Spanish drivers seeking affordable repairs, Morocco represents a practical solution, provided they choose reputable workshops and request original parts. While some may argue this trend reduces Morocco to Europe's backyard, it also reflects the country's growing industrial capabilities amid economic pressures on aging vehicles in Spain. Tags: Automotive Industry in MoroccoSpanish in Morocco

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store