Dubai, 11 June, 2022
Senior officials, businessmen and investors from UAE and Morocco discussed in the Moroccan capital Rabat, the current economic scene in Morocco and its opportunities, through a business session organized by Investopia Global Investment Platform - announced by the UAE government in September 2021.
Rabat was the second stop in the series of global Investopia talks that started in New Delhi, India in May 2022.
The session discussed innovative and sustainable investment opportunities in the green economy sectors such as circular economy, advanced industries, green energy and the role of digital technology in accelerating the transformation of global investments into these sectors. As per the World Economic Forum estimates that the circular economy can contribute up to $4.5 trillion in economic benefits by 2030.
The session, organized by Investopia in collaboration with the General Confederation of Moroccan Companies (CGEM) titled ‘Investopia Morocco business talk: current market landscape, opportunities, challenges’, witnessed signing a memorandum of understanding for the reactivation of the Morocco-UAE business council, which comes in line with Investopia’s mandate to promote investments in new economy sectors between countries, and to formulate new partnerships in global markets, aiming to channel investments towards emerging markets in the broad region of 3.5 billon population.
The session witnessed the participation of H.E. Abdulla bin Touq Al Marri, UAE’s Minister of Economy, H.E. Humaid Mohamed Ben Salem, Secretary General of the Federation of UAE Chambers of Commerce & Industry, H.E Al Asri Saeed Ahmed Alshaheri, Ambassador of the UAE in Morocco from the Emirati side, and Mr. Chakib ALJ, President of the General Confederation of Moroccan Companies (CGEM), from the Moroccan side, in addition to a number of senior officials, policy makers, and prominent businessmen and investors from the UAE and Morocco.
H.E. Abdulla bin Touq Al Marri, UAE Minister of Economy, said: “Supporting investment opportunities in sectors that promote responsible and sustainable economies for the future is a priority for the UAE, we developed a number of initiatives to support this such as ‘Investopia Global Initiative’ to create ongoing talks and dialogues with business groups and investors from the region and the world to support investments in new economy sectors.” H.E. added: “Investopia dialogues in Rabat discussed an important number of opportunities to develop new economic and development partnerships that would bring added value to the economies of the two countries and serve their future plans”.
H.E. also showcased the inspiring Emirati economic experience, which enabled the country to position itself as a global hub for trade, due to its attractive infrastructure and investment environment, in addition to the new laws and regulations recently introduced in line with the ‘Projects of 50’ and UAE Centennial 2071, mainly the new law of full foreign ownership of commercial companies, aiming to promote sustainable growth of the national economy and doubling the GDP to reach 3 trillion dirhams over the next ten years.
Investopia is a global platform designed to drive global investments towards the new economy, create growth and sustainability in countries’ national economy, where Investopia in its first edition focused on investments in the world of metaverse, digital currencies, in addition to 12 vital sectors of the new economy, aiming to contribute to the prosperity of future generations. Investopia comes as one of the major strategic initiatives under the ‘Projects of the 50’, announced by the UAE government in September 2021.