US Promotes Green Investment Opportunities in Morocco, Focusing on Smart Grids and Renewable Energy
Key Ideas
  • Morocco actively encourages foreign investment, aiming to become a regional business hub, supported by positive macroeconomic policies and structural reforms.
  • The country is strategically located and seeks to transform into a commercial and industrial hub, focusing on sectors like renewable energy, automotive, and textiles.
  • Through a new Investment charter and green investment strategies, Morocco aims to boost employment, attract foreign investment, and increase renewable energy share in its energy mix.
  • The US and Morocco have strong trade relations with the FTA, working together to promote investments and eliminate trade barriers, resulting in significant growth in bilateral trade.
The US State Department has released a report promoting green investment opportunities in Morocco, emphasizing the country's strengths and ambitions. Morocco actively encourages and facilitates foreign investment, aiming to become a regional business hub and gateway to Africa. The kingdom's preference for foreign investment in export-oriented sectors like manufacturing is supported by positive macroeconomic policies, trade liberalization, and investment incentives. Morocco's strategic location at the crossroads of Europe, sub-Saharan Africa, and the Middle East is seen as a major asset in attracting investors. The country is implementing strategies to boost employment, attract foreign investment, and increase performance in key sectors such as renewable energy, automotive, and textiles. Morocco has adopted a new Investment charter and is heavily investing in renewable energy to achieve a significant share in its energy mix by 2030. Green investment opportunities like smart grids and green hydrogen are highlighted, with Morocco attracting billions in investments for battery and electric vehicle production and green hydrogen projects. The US and Morocco have strong trade relations through the FTA, aiming to increase trade and investment by informing US companies about investment opportunities and enhancing business-to-business ties.
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