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Tuesday, June 18, 2024

London Meeting Seeks to Boost Moroccan Expatriates’ Investment in Home Country

A meeting examined, on Friday in London, the means to encourage Moroccans living abroad to contribute to the economic development of the Kingdom, by multiplying their investments in the motherland.

This event is the first of a series of conferences initiated by the Foundation Trophées Marocains du Monde (FTMM) and BM Magazine in the main capitals of the host countries, in order to reflect on the means and mechanisms to promote the investments of Moroccans living abroad.

In his speech, Younes Hajoui, head of asset management at the Moroccan Society of Tourist Engineering (SMIT), pointed out that Morocco, due to its geographical location, its climate and its socio-economic and legal environment, is a gateway for international tourism investments to Africa.

This favorable environment has enabled the Kingdom to figure as an investment land for the largest tourism and hotel investment groups in the world, Hajoui stressed, specifying that the Kingdom has set up an attractive framework of incentives that allows investors wishing to settle in Morocco to benefit from financial, tax and customs advantages.

For his part, Tarik Haddi, Chairman of the Board of Directors of Azur Innovation Fund, a private equity fund aimed at innovative startups, explained that Morocco’s strategy is based on the development of the automotive, agri-food, textile, offshore, aeronautics and digital industries, in addition to water management and renewable energies.

Mohammed Afrine, CEO of Bank of Africa EuroServices, on the other hand, highlighted the dazzling development of Moroccan infrastructure over the past 20 years.

Explaining the role played by the banking sector in supporting the structuring projects that Morocco has experienced, Afrine assured that financial institutions are determined to support Moroccans around the world who want to invest in the Kingdom.

Finally, the president of the FTMM, Amine Saâd, maintained that the objective of his Foundation is to highlight Moroccans in the world with distinguished careers who can be true ambassadors of Morocco abroad.

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