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Tuesday, June 18, 2024

Morocco Aims to Become Most Competitive Decarbonized Industrial Platform in The World

Morocco aims in the coming years to become the most competitive industrial platform in the world in terms of green energy, said Thursday in Marrakech, Minister of Industry and Trade, Ryad Mezzour.

This ambition is achievable thanks to the potential of the Kingdom to produce clean energy, one of the three largest in the world, said Mezzour at a panel held as part of the Business Forum of the European Bank for Reconstruction and Development (EBRD), under the theme “Business climate in Morocco under the new sign +Morocco Now+”.

Morocco, he added, is already a decarbonized industrial reference base in the region, highlighting the profound changes that the country has experienced in the field for an inclusive and sustainable growth.

In this regard, the Minister highlighted the achievements that have been undertaken by the Kingdom to place clean energy at the heart of the competitiveness of the industrial economy and national economy, welcoming in this sens the efforts made in training, support and public-private partnership to back investment in the sector.

For his part, director general of the Moroccan Agency for Development of Investment and Exports (AMDIE), Youssef El Bari, recalled that the brand “Morocco now”, which was launched last October as part of the Universal Exhibition of 2020 (Expo Dubai), aims to have a tool to communicate on the strengths that Morocco has as a platform for investment and export.

El Bari also addressed the current challenges facing the world in the post-Covid international context, characterized by a reconfiguration of value chains and a climate emergency, stressing in this regard the need to encourage domestic production and reduce regional dependence, while involving a rather decarbonized production.

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