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Tuesday, June 18, 2024

Two MoUs Signed in New York to Promote Investments in Dakhla-Oued Eddahab Region

Two memorandums of understanding were signed on Monday in New York between the Council of the Dakhla Oued Eddahab region and the U.S. groups Danforth Investors, Global Special Projects and SEC Newgate US, with a view to promoting American and international investment in this region of the Kingdom.

These agreements were initialed by the President of the Council of the region, Yanja El Khettat, the Chief Executive Officer of the Danforth Investors Group and Global Special Projects, Ari Matityahu, and the President of SEC Newgate US, Michael Holtzman.

Under these agreements, the signatory parties agree to join efforts for the promotion of investments in a region endowed with a strategic location in the South of the Kingdom of Morocco, qualified human capital and huge assets to become a real integrated lever for optimal socio-economic development.

The signing of these memorandums of understanding is part of the Morocco-U.S. Investment Forum, organized last Friday in the American metropolis by the regions of Dakhla Oued Eddahab, Laayoune-Sakia El Hamra and Guelmim Oued Noun, in partnership with the ministry of Industry and Trade.

Distinguished participants, including American businessmen, followed on this occasion presentations on the major infrastructure projects underway in Morocco’s southern provinces and which are attracting more investments.

During this meeting, Mr. Matityahu underlined that Morocco, a “stable and advanced” country, now presents itself as a “phenomenal” business destination, under the leadership of HM King Mohammed VI.

Noting that the Kingdom offers enormous investment opportunities, particularly in the fields of energy, logistics, tourism, new technologies and agriculture, the American businessman said he was encouraged to do more business with Morocco.

The businessman, on this occasion, announced that all the companies in the portfolio of Danforth Investors (35 around the world) are committed to investing in the signatory countries of the historic agreement inked by Morocco, the United States and Israel.

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