The Director Normal of Dubai Chambers, Mohammed Ali Rashid Lootah, mentioned that the entire worth of the Emirate of Dubai’s investments within the Kingdom of Morocco amounted to $ 2.1 billion (7.71 billion dirhams) within the interval from 2012 to the top of 2023.
Lootah mentioned in a press release to the Emirates Information Company, WAM, on the sidelines of the second section of the commerce mission organized by the Dubai Worldwide Chamber to Senegal and Morocco: “Dubai’s investments in Morocco have seen important development over time. ‘ left, in “That is what motivates us to strengthen commerce and funding relations, construct fruitful partnerships, and supply extra development alternatives between the enterprise sectors of the 2 nations.”
He additionally mentioned that the variety of Moroccan corporations underneath the umbrella of membership of the Dubai Chamber of Commerce reached round 850 corporations, with a development of 12% within the first quarter of this yr, making Moroccan corporations among the many listing of African corporations that have been concerned in Chamber membership. .
Lootah identified that the expansion charge within the quantity of non-oil commerce between Dubai and the Kingdom of Morocco was about 37.5% within the final 5 years, explaining that these optimistic indicators mirror the frequent want between areas enterprise of each nations. to conclude extra commerce and funding offers within the coming years.
He continued: “As a part of its commerce mission to Morocco, which included round 18 Emirati corporations, Dubai Chambers succeeded in signing 4 memorandums of understanding by these partnerships and memorandums of understanding , he hopes to extend commerce and funding numbers, strengthen bilateral cooperation and promote constructive partnerships.”
The Director Normal of Dubai Chambers highlighted the great relations with companions in Morocco, together with the Moroccan Company for Funding and Export Growth, the Normal Confederation of Moroccan Enterprises, the Casablanca-Settat Chamber of Commerce, Business and Companies, and the Chamber of Commerce, Business and Companies of the Rabat-Sale-Kenitra area.
He identified that the commerce missions of the Dubai Worldwide Chamber come throughout the initiative “New Horizons for Exterior Growth” to assist native corporations of their enlargement efforts in the direction of international markets with strategic precedence , introduce them to funding alternatives in these nations, and promote their companies and investments with the goal of serving to them increase overseas.
He mentioned that the commerce mission to Morocco goals to determine funding alternatives within the Moroccan market, particularly in new sectors, reminiscent of renewable vitality, the logistics sector, and the digital economic system, explaining that the missions serving to corporations to conclude commerce and funding agreements, and growing the aggressive capabilities of the native non-public sector in international markets.
2024-06-11 00:05:00
#billion #dirhams #Dubai #investments #Morocco #years
