"For the US and other foreign investors, the Casablanca-Settat Region offers a range of opportunities across various sectors. These include infrastructure development, renewable energy, information technology, finance and manufacturing."...
Morocco has put in place the "Morocco's Offer" initiative in a bid to improve national competitiveness. Could you explain the underlying objectives of “Morocco's Offer?" The publication of the circular “Morocco Offer" for green hydrogen is part of the implementation of the royal vision. Morocco aims to strategically position itself in this new sector with high potential and this circular contains all the elements to promote the attraction of numerous investments while securing the interests of the Moroccan state. It represents...
How important is the industrial sector to Morocco's development? What are the main industries present in Morocco and could you give us some key figures to illustrate the share of the secondary sector in the Moroccan economy? The industrial sector represents around 15% of our country's GDP and comprises essentially six or seven sectors. The first and most important sector today is the automotive industry, which weighs in at around US$ 13-14 billion in exports. Interestingly, this sector hardly existed...
Morocco has placed renewables as a key focus in its national development plan. How would you summarize the potential of Morocco as a producer and exporter of renewable energy? The share of renewables has reached 42% of installed capacity in 2022. We are on a very good track to be beyond the 2030 target of 52% of our installed capacity. These 15 years of experience we have gained between 2009 and 2024 in developing relatively large scale projects in renewable energy...
"The combination of enhanced support mechanisms, a more favorable business climate and improved governance structures has not only attracted substantial investments but also paved the way for significant job creation for Moroccans. "...
What kind of potential does Morocco have to become a leader and key exporter of renewable energies in Africa? What major projects are currently underway to up the percentage of renewables in Morocco’s energy mix? Morocco has been a forerunner in decarbonization and energy transition since 2009, His Majesty set out guidelines for an energy strategy that gave pride of place to renewable energies. In 2009 we drew up a strategy which aimed to achieve 42% of renewable energy in our...
"We are fortunate to have many engineering schools in Morocco today. Companies like Maghreb Steel, make great use of these engineers. We further train them if needed, either in-house or abroad. This kind of approach in industrial concepts has gone very fast in Morocco, with a lot of talent, both in terms of engineers and technicians."...
According to the World Health Organization, Africa imports 70-90% of its medicines. What major strengths does Morocco have that make it an excellent location for a robust pharmaceuticals industry? Today, Africa consumes very little medicine. In 2015 the continent had 1.2 billion inhabitants; in 2030 it will be around 1.6 billion, in 2050, 2.2, and in 2100 4.3 billion. This means that by 2050 practically one in four patients will be African, and so there will be a need for medicines....
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