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    Morocco woos Qatari investors with its strong growth drivers

    11 Oct 2018

    Strong macroeconomic fundamentals alongside excellent infrastructure and a raft of unique trade agreements make Morocco one of the best countries to invest in, its Ambassador to Qatar HE Nabil Zniber said in Doha on Wednesday.
    He was addressing Qatar Chamber officials during their meeting with a visiting Moroccan trade delegation representing the Moroccan Association of Exporters (ASMEX). The delegation also included officials of the Moroccan Agency for Developing Investment and Exports (AMDIE).
    Qatar Chamber first Vice-Chairman Mohammed bin Ahmed bin Towar al Kuwari, second Vice-Chairman Rashid bin Hamad al Athba and board members Eng Ali al Misnad and Mohamed al Obaidli attended the meeting.
    The target of this visit is to strengthen cooperation between with the Qatari private sector and its Moroccan counterpart, the Moroccan ambassador said.
    The envoy noted that more than 20 Moroccan companies have participated in the three-day International Products Exhibition and Conference (IPEC), which concluded in Doha on Wednesday.
    Morocco is the fifth African country in terms of competitiveness, according to the Global Competitiveness Index (WEF) 2017-18. In eight years, Morocco has climbed 59 spots in the ease of doing business ranking to stand at 69th position in 2018 from 128th in 2010. It is the third easiest country to do business in Africa.
    According to Ernst & Young Africa attractiveness Survey 2017, Morocco is the most attractive African country for foreign investors.
    Terming Morocco an attractive and safe destination for investments, Towar said the country is replete with a multitude of promising investment opportunities that attract Qatari investors.
    Relations between Qatar and Morocco, he said, have drastically developed over the past years.
    He also highlighted the key role played by the Qatari-Moroccan Joint Supreme Committee held in March in Rabat and the signing of bilateral MoUs and agreements, especially in the industrial and agriculture sectors.
    He said such agreements would open new areas of cooperation and boost trade value, which reached QR330 million last year.
    Around 117 Qatari-Moroccan companies operate in the local market, with six of them having set up with 100 percent Moroccan capital. The total capital of all such companies in Qatar reached QR20 million, Towar said.
    Misnad said the strong presence Moroccan companies in IPEC reflected the Moroccan efforts exerted to support Qatar during the unjust siege imposed by some of its neighbours.


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