Elalamy: “Morocco Is In a Pole Position for An Industrial Partnership with...

Elalamy: “Morocco Is In a Pole Position for An Industrial Partnership with China”

Moulay Hafid Elalamy.
Moulay Hafid Elalamy.

Marrakesh, Morocco (TMT)- The first edition of the “Sino-African Entrepreneurs Summit” (SAES), dubbed “the first meeting of Chinese and African leaders” gathered business leaders, investors and financial decision makers from Africa and China in Marrakech on the 26th and 27th November 2015.

With bilateral trade between China and Africa over US$ 210 billion, including 2500 Chinese businesses that have been established in Africa and have invested more than US$ 60 billion in the last 10 years in the continent, the forum was an opportunity to strengthen collaboration and seek new horizons.

The event was an opportunity for the Moroccan Minister of Commerce, Investment and the Digital Economy, Moulay Hafid Elalamy, to showcase the industrial strengths of the kingdom, including a growing good infrastructure (second-best African country in terms of infrastructure), innovative incentive systems put in place, geographical proximity of target markets for Chinese logistics operators, competitiveness of the kingdom, to mention a few.

Moulay Hafid Elalamy discussed with Chinese investors the possibility to bring leading Chinese companies to the Kingdom in a bet to open plants in one of Morocco’s various industrial parks, like in Casablanca where Boeing is spreading its wings, or Tangier where Renault’s mesmerizing performance is echoing blistering success to the world.

“Morocco is in a pole position for an industrial partnership with China,” Elalamy said calling upon Chinese investors.

The Moroccan Times.