As the Moroccan saying goes “Skilled people always take their place”, this is the case of Moulay Hafiz Al-Alami, Minister of Industry and Trade who met on Tuesday with the leaders of the industry giants in India, namely BIRLA
members of the Board of Directors and the directors of the world-famousautomobile manufacturer MAHINDRA. The Moroccan minister confirmed Monday in New Delhi that Africa is the first beneficiary of Morocco’s direct
investments thanks to the development of partnerships and the royal involvement in the development of the continent.
AL-ALAMI told Maghreb Arab Press that the cumulative value of Moroccan direct investments in the continent reached 37 billion dirhams between 2013 and 2017 thanks to the remarkable development of partnerships and the organization
of the national economy aimed at promoting South-South cooperation in line with the will of King Mohammed VI.
Morocco has become one of the first African investors in the Economic Community of West African States (ECOWAS) and the Community Of Central African States," said the active minister of the current government, who is on a
working visit to India, adding that the strong growth in Moroccan investments in Africa over the past decade has been boosted by strong commitment of Morocco For the development of the continent.
Since 2000, 50 royal visits have been made to more than 30 African countries and more than 1,000 agreements have been signed, said Moulay Hafiz al-Alami, adding that during each royal visit there were economic actors and officials of
public institutions who are keen to ensure the activation of Moroccan-African cooperation.