Opportunities for the development of economic and trade cooperation between Morocco and Spain were highlighted, Tuesday in Dakhla, during the Morocco-Spain Investment Forum.
Initiated by the Council of the region of Dakhla Oued Eddahab, in partnership with the Ministry of Industry and Trade, this forum aims to consolidate economic relations, promote the economy of the region and make known its potential and investment opportunities to Spanish businessmen.
This event also to continue the new momentum in diplomatic, economic and cultural cooperation between Rabat and Madrid that was relaunched last March with the opening of the region to new direct Spanish investments.
Over 250 stakeholders and operators in industry, agribusiness, renewable energy, construction, finance, tourism, technology, sports and health are prospecting new markets and exploring investment and trade opportunities offered by this region.
In a recorded speech, Minister of Industry and Trade, Ryad Mezzour noted that Morocco's southern provinces, especially Dakhla-Oued Eddahab, can host investments in green molecules production, such as hydrogen, thanks to their green energy production capacity, the gradual relocation of heavy industries and the availability of skilled human capital.
The port of Dakhla Atlantic is expected to become a major industrial zone that will develop a shipbuilding industry and set the region as a hub and a gateway to the African continent, through development projects and the completion of the expressway Tiznit-Dakhla, he added.
For her part, the representative of the Spanish delegation to this Forum, Maria Tato welcomed the "exponential and impressive" growth that the region is experiencing in terms of infrastructure.
The businesswoman said she was keen to set up co-development projects between Morocco and Spain in the southern provinces, which are full of investment opportunities.
The southern provinces are experiencing a great economic development favoring the establishment of Spanish companies, she observed, calling on the participants in the forum to seize investment opportunities.
On the sidelines of this forum, a cooperation protocol was signed between the Regional Council of Dakhla-Oued Eddahab and the free zone of Las Palmas, aimed at establishing a partnership to promote economic development in the region to support businesses.
News and events on Western Sahara issue/ CORCAS