December 22, 2022
1 min read

UAE, Morocco agree to boost investment ties

The two sides also discussed ways of boosting their cooperation and investment opportunities in a number of vital sectors….reports Asian Lite News

During an official visit to Morocco, Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, met with Aziz Akhannouch, Prime Minister of Morocco, and several ministers from the Moroccan government.

The meeting was attended by Al Asri Saeed Ahmed Al Dhaheri, UAE Ambassador to Morocco.

At the beginning of the meeting, Dr. Al Jaber conveyed the greetings and best wishes of the UAE’s leadership, government and people to Morocco and its people, and went on to highlight the deep-rooted historical ties between the two countries.

The two sides also discussed ways of boosting their cooperation and investment opportunities in a number of vital sectors.

The visit aligns with the mutual keenness of the UAE and Morocco leaderships to enhance and expand their relations in new strategic fields, and boost their cooperation across industry, economy, investments, culture, and tourism.

During the visit, Dr. Al Jaber met with Nasser Bourita, Morocco’s Minister of Foreign Affairs, African Cooperation and Moroccan Expatriates, to discuss their bilateral relations and ways of enhancing them, in addition to several regional and international issues of mutual concern.

Al Jaber also held separate meetings with Riyad Mazour, Moroccan Minister of Industry and Trade, and Leila Benali, Moroccan Minister of Energy Transition and Sustainable Development, to discuss boosting their cooperation in the areas of energy, renewable energy, industry and technology, and the importance of continuing relevant coordination and consultations between the two countries.

The discussions also covered the UAE’s hosting of COP28 and uniting efforts to ensure energy security and support climate action towards achieving sustainable economic development goals.

The total UAE-Morocco non-oil trade exchange reached AED2.8 billion in the first nine months of 2022, a growth of 24 percent compared to the same period in 2021.

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