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    Ambassador to Japan Highlights Morocco's Assets as Destination for FDI

    25 Aug 2022

    Tokyo - Ambassador to Japan Rachad Bouhlal on Wednesday highlighted the assets of Morocco as a destination of choice for foreign direct investment (FDI).

    Morocco has been able to attract major investors in key economic sectors of the country such as automotive, aerospace, agribusiness or renewable energy, said Bouhlal, during his participation in a meeting to encourage Japanese investment in Africa.'

    The Moroccan diplomat, also chairman of the Trade and Investment Committee of the African diplomatic corps in Japan (TRINVEC), took the opportunity to draw up a picture of economic relations between Morocco and Japan.

    During the meeting, organized by the Office of the United Nations Industrial Development Organization in Tokyo (UNIDO), the Moroccan diplomat recalled that the number of Japanese companies present in the country has more than doubled in the last ten years.

    Thus, with more than 75 companies operating in Morocco, the Japanese private sector is the largest private employer in the Kingdom, with more than 50,000 jobs. In addition, Morocco is increasing its investments in Africa as part of its ongoing commitment to South-South cooperation.

    Thus, 80% of Moroccan FDI abroad is located in Africa, he said, citing in particular the fields of banking, telecommunications, fertilizer and infrastructure development.

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