Latest news with #MoroccanAgencyforInvestmentandExportDevelopment
Morocco World
7 days ago
- Business
- Morocco World
Karim Zidane Represents King at US-Africa Business Summit in Angola
Marrakech – Karim Zidane, Morocco's Investment Minister, is representing King Mohammed VI at the 17th US-Africa Business Summit that opened Monday in Luanda, Angola. Zidane heads a significant delegation of public and private sector leaders, including officials from the Moroccan Agency for Investment and Export Development (AMDIE), the National Office of Hydrocarbons and Mines (ONHYM), and the National Railway Office (ONCF). The delegation also includes representatives from the General Confederation of Moroccan Enterprises (CGEM), MEDZ, MARSA Maroc, and Moroccan banks. The summit has drawn more than 1,500 participants, including African heads of state, ministers, economic and political decision-makers, and private sector representatives. The gathering serves as a major platform for economic dialogue and building sustainable strategic partnerships between the United States and the continent's emerging powerhouses. Morocco's participation aligns with King Mohammed VI's directives to strengthen the North African country's economic partnerships with African countries and international partners. The delegation aims to showcase reforms undertaken by Rabat to enhance its economic attractiveness, particularly the implementation of the new Investment Charter. The Moroccan representatives will promote opportunities in strategic sectors including renewable energy, automotive manufacturing, aeronautics, agro-industry, and green technologies. Morocco offers investors incentives that can reach up to 30% of the total investment amount through direct subsidies based on project characteristics, geographical location, and sector. The country also provides tax exemptions for new companies or those established in specific zones. With more than 40% of its energy mix coming from renewable sources, Morocco has built major solar and wind projects, including the Noor project in Ouarzazate. The automotive sector has become the country's leading export sector, with a complete ecosystem that includes two manufacturers (Renault and Stellantis) and more than 250 major international suppliers. Morocco holds a unique strategic advantage as one of only nine countries worldwide with free trade agreements with both the United States and the European Union, offering investors preferential access to two of the largest global markets. The North African country's foreign direct investment (FDI) rose by 55% in 2024, reaching $1.64 billion compared to $1.05 billion in 2023. The free trade agreement with the United States, in effect since 2006, has significantly boosted bilateral trade, which increased sixfold from $1.3 billion in 2006 to $7.2 billion in 2023. In 2024, US goods exports to Morocco reached $5.3 billion, representing a 37.3% rise from the previous year, while US imports from Morocco totaled $1.9 billion, with a 12.3% increase from 2023, making the Maghreb country one of America's main trading partners in Africa. Tags: Karim ZidaneMorocco and AfricaMorocco and the US
Ya Biladi
23-06-2025
- Business
- Ya Biladi
Karim Zidane represents King Mohammed VI at the U.S.-Africa Business Summit
The Minister Delegate to the Head of Government in charge of Investment, Convergence, and the Evaluation of Public Policies, Karim Zidane, is representing King Mohammed VI at the 17th U.S.-Africa Business Summit, which opened on Monday in Luanda, Angola. Zidane is leading a Moroccan delegation that includes senior officials and leaders from both the public and private sectors, such as the Moroccan Agency for Investment and Export Development (AMDIE), the National Office of Hydrocarbons and Mines (ONHYM), the National Railways Office (ONCF), the General Confederation of Moroccan Enterprises (CGEM), along with MEDZ, MARSA Maroc, and representatives from Moroccan banks. Morocco's participation aims to showcase the country's ongoing economic reforms, particularly the implementation of its new Investment Charter, which seeks to boost the kingdom's attractiveness in key sectors such as renewable energy, automotive, aerospace, agro-industry, and green technologies. In this spirit of partnership, Morocco is positioning itself as a key player in global value chains, drawing on its strong economic ties and sustainable partnership with the United States, reinforced by the Free Trade Agreement in place since 2006. With over 1,500 participants—including heads of state, ministers, business leaders, and policymakers—the Summit serves as a major platform for economic dialogue and the development of lasting strategic partnerships between the United States and African nations.
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.
Morocco World
09-04-2025
- Business
- Morocco World
Morocco's AMDIE Wins Best Investment Promotion Agency Award in MENA
Rabat – The Moroccan Agency for Investment and Export Development (AMDIE) has been named the Best Investment Promotion Agency in the MENA region at the Annual Investment Meeting (AIM 2025), currently taking place in Abu Dhabi. The agency also received the 'Gold Partner' trophy, which recognized its role in attracting foreign investment to Morocco. 'These prestigious awards celebrate the Kingdom's ongoing efforts in promoting investment and exports,' said AMDIE in a statement, adding that they reflect the strategic reforms carried out under the leadership of King Mohammed VI. The monarch's vision aims to 'position Morocco as a competitive, reliable, and forward-looking destination,' added the statement. This recognition is also the result of collective work and the dedication of their partners, our teams, and the entire ecosystem, AMDIE added. The agency focuses on promoting Morocco's investment opportunities and supporting the implementation of high-potential foreign investment projects in the country. The award ceremony took place during the 14th edition of AIM, which opened on Monday under the theme: 'Roadmap to the Future of Global Investment: A New Vision for a Balanced Global System.' AMDIE award Morocco is represented at the event by a delegation led by Karim Zidane, the Minister Delegate in charge of Investment, Convergence, and the Evaluation of Public Policies. Morocco also has a national pavilion at the international exhibition held during AIM 2025, organized by AMDIE. The pavilion showcases Morocco's economic strengths and investment opportunities across several priority sectors. AIM 2025 is one of the world's major investment events, with over 12,000 participants from 180 countries, including heads of state, ministers, central bank governors, stock exchange leaders, top investors, and international financial institutions. The summit is a platform for dialogue and knowledge sharing on global investment trends. Topics discussed include digital economy, industry, international trade, entrepreneurship, energy, infrastructure, biotechnology, and medical technology, among other key sectors.
