Morocco is Seeking to Develop a Sustainable Economy

André Schneider, the Managing Director of WEF (World Economic Forum) said in Marrakech, Morocco that the Kingdom of Morocco is nation that is aspiring to develop a sustainable economy.

How will Morocco Attempt to Develop a Sustainable Economy?
During the press conference held on the evening prior to the WEF (World Economic Forum) on MENA (Middle East and North Africa), The Managing Director of WEF emphasized that Morocco is dedicated to the sustainability principle, by introducing a variety of large scale projects, under the supervision of Morocco’s Sovereign HM King Mohammed VI, particularly in the field of renewable energy and the involvement of the National Chart on the Environment & Sustainable Development.

Morocco Is Developing A Sustainable Economy

Any Support?
Morocco’s “strong commitment” is firmly supported by the encouraging economic results accomplished by the country, Schneider added, by noting that Morocco’s advantageous geographic location and the positive relationship it has with the EU (European Union), the United States and the Middle East and North African countries have made it a stage for cooperation and dialogue and also as the location for hosting the WEF on MENA.

What is The Objective of WEF on MENA?
SherifEl Diwany, who is the Middle East and North Africa’s Executive Director at the World Economic Forum said that the WEF which held in Marrakech, Morocco, under the theme “Purpose, Resilience and Prosperity”, is a forum which will discuss necessary political and commercial measures in order to help encourage competitiveness at the regional level.

What is the Key Element for Promoting Competitiveness of the MENA Countries?
The Senior Economist, Director of the World Economic Forum’s Center for Global Competiveness and Performance highlighted the significance of “education” as a major element for promoting the competitiveness of the Middle East and North Africa countries.

The WEF on MENA Hosted What Kind of Delegates?
The 3 day event brought together a host of several policy makers, company execs in addition representatives of the civil society and key opinion leaders at the regional and global levels, with a view to talk about a growth and development plan for the Middle East and North Africa region, in the present situation which is marked by a global financial crisis, the unstable prices of petrol, water scarcity and the continuing immigration issue.

After All Said and Done, What Should Investors Expect?
Morocco’s Sovereign King Mohammed VI plans to create a number of tourist developments in this country’s Mediterranean and Atlantic Coasts. These projects will be constructed over a period of five years and will include the following:

  • Stunning apartments
  • Townhouses
  • Golf courses
  • 5 Star hotels
  • Villas

What are the Key Changes In Morocco?
Some of the key changes in this country are:

  • Channel Tunnel between The Kingdom of Morocco and Spain.
  • New road construction projects (Budget: 11.9 million Euros)
  • Five year development plan. Arab investors will construct the following:
    • – New complexes
    • – 5 star hotels
    • – Convention centers
    • – Spas
    • – Marinas
    • – Riding clubs
    • – Beach clubs
  • Other key investments that will focus on:
    • – Seaside resorts
    • – Roads
    • – Harbour
    • – Real estate
    • – Beach clubs
    • – Shopping centers
    • – Airport infrastructure
    • – Create new job opportunities
  • High Speed trains
Be Sociable, Share!

Filed Under: Economic News of Morocco

Tags: , , , , ,

Comments are closed.