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Morocco World
3 days ago
- Business
- Morocco World
Valencia Economic Delegation to Visit Tangier in June
Doha – A high-level economic delegation from Spain's Valencia region will visit Tangier on June 2-3, aiming to strengthen bilateral economic and commercial ties with Morocco. The mission is organized by the Valencia Chamber of Commerce, the Tangier-Tetouan-Al Hoceima Chamber of Commerce, and Morocco's Consulate General in Valencia. Led by Marian Cano, Valencia's regional minister for Innovation and Industry, the delegation will include representatives from key sectors, including agri-food, textiles, tourism infrastructure, sports facilities, construction, transportation, and financial services. CaixaBank will be among the financial institutions represented. In a demonstration of the commitment of Valencia's main economic institutions to structured bilateral cooperation, the heads of the Chambers of Commerce of Valencia, Alicante, Orihuela, and Alcoy will also participate. The delegation's agenda begins with an opening session on Monday, June 2, at 9:30 a.m. at the headquarters of the Tangier-Tetouan-Al Hoceima Chamber of Commerce. This session will feature institutional officials and business leaders from both countries presenting regional development strategies and initiating dialogue between economic operators. Business-to-business meetings will follow, facilitating direct exchanges between Spanish and Moroccan companies to explore partnership opportunities. Read also: Spanish Municipal Delegation Explores Morocco's Dakhla Development Projects A visit to Tangier Med port, one of Africa's and the Mediterranean's largest logistics hubs, is also scheduled. This tour aims to showcase the region's infrastructure capabilities and competitive advantages. This mission comes as economic ties between Rabat and Madrid continue to grow. This week, on May 28, four investment agreements worth MAD 500 million ($50 million) were signed in Rabat between Morocco and Catalan companies. The agreements were concluded during a meeting between Karim Zidane, Morocco's Minister Delegate for Investment, and a delegation of Catalan businesses led by Josep Sánchez Llibre, president of Foment del Treball, the main employers' confederation in Spain's northeastern autonomous region. These Catalan investments will create over 700 direct jobs in Tangier, Tetouan, and Kenitra across several sectors, including automotive, waste management, industrial packaging, and construction materials. Sánchez Llibre announced that Catalan investments will continue flowing to Morocco, with another delegation of about twenty Catalan companies planning to visit within a year. Their three-day business trip follows the 'Morocco Now' roadshows held in Barcelona in January 2024, in Madrid in April 2025, and Foment's first visit to Morocco in June 2024. Tags: Morocco Spain relationsValencia
Morocco World
30-04-2025
- Business
- Morocco World
Morocco Spotlights Investment Opportunities at ‘Morocco Now' Conference in Madrid
Rabat – Morocco showcased its economic strengths and investment opportunities during the 'Morocco Now' conference held on Tuesday in Madrid. The event, held under the theme 'Investing Together for a Sustainable and Shared Future,' brought together major economic players from both Morocco and Spain. The conference aimed to promote Morocco as a reliable and attractive destination for foreign investments, especially for European partners. Drawing over 150 companies, it was organized by Morocco's Ministry of Investment, Convergence and Evaluation of Public Policies, in collaboration with the Moroccan Agency for Investment and Export Development (AMDIE). During the event, the Moroccan delegation recalled the country's recent economic reforms, high-potential industries, and concrete projects available for mutually beneficial partnerships. Spain's Secretary of State for Trade, Amparo López Senovilla, spoke of the strategic importance of the Morocco-Spain relationship. 'Our historical ties and strategic geographical locations bring both sides of the Mediterranean closer,' she said, MAP news agency reported. She also pointed to the 12th high-level meeting between Morocco and Spain, held in Rabat in February 2023, which laid out a roadmap for deeper cooperation in key sectors such as economy and sustainability. Morocco's Ambassador to Spain, Karima Benyaich, described Morocco as a promising platform for Spanish businesses. She commended the country's ambitious strategic vision, favorable business climate, and growing partnership with Spain. Meanwhile, Karim Zidane, Morocco's Minister Delegate in charge of Investment, urged Spanish companies to explore the many investment opportunities available in Morocco, especially in key sectors like aerospace, renewable energy, automotive, and electronics. He noted Morocco's world-class infrastructure, skilled young workforce, and strategic location as reasons for its growing attractiveness to foreign investors. Ali Seddiki, Director General of AMDIE, also spoke of Morocco's position as a leading hub for investment and exports in the region. He said the conference in Madrid aims to encourage more Spanish businesses to invest in Morocco. Moroccan and Spanish officials have continuously vowed to strengthen cooperation in many sectors and encourage investment in both countries, especially after Madrid officially endorsed Morocco's sovereignty over the Western Sahara.
