After the private visit of the President of China to Morocco, a magazine in Beijing devoted, in its latest edition, numerous pages to investment opportunities in the kingdom. Before even reading the file, it is the complete map of Morocco, including the Sahara, which attracts the attention of the reader and the economic decision-maker.
The special issue in Chinese and English opens with a reminder of the historical ties between the two countries, with an article signed by the kingdom’s ambassador to China, Abdelkader El Ansari, as Rabat and Beijing commemorate this year the 66th anniversary of the establishment of their diplomatic relations.
In a message addressed to the business community in China, the diplomat stressed that “Morocco, which enjoys a strategic geographical location at the crossroads of Africa, Europe and the Arab world, is the gateway of Africa”. In addition to its geographic location, the kingdom offers “stability, ambition and forward-thinking policies.” Assets that make Morocco “a reliable partner and a driver of sustainable development,” he insisted.
Heading towards 2030
The ambassador also presented the major projects undertaken by the kingdom, in particular the organization of the 2030 World Cup, with Spain and Portugal. “It is a symbol of our nation’s emergence on the world stage. This event will highlight not only Morocco’s organizational capabilities, but also its cultural wealth and hospitality. It will highlight the progress we have made as a nation, in terms of infrastructure, social development and the emergence of a new generation that propels our country forward,” he said. .
Vitcow magazine focused on key sectors of the Moroccan economy, paying particular attention to the thermal automobile industry and its “production capacity of 900,000 vehicles per year and a supply chain made up of 250 global players and SMEs serving 75 export destinations.
The Moroccan government has, moreover, signed agreements with Chinese companies operating in electric automobiles, such as the one concluded in March 2024 with the Chinese BTR for cooperation of 297 million dollars, relating to the construction of a factory of production of cathodes and other essential materials in the manufacture of batteries for electric vehicles.
Free trade agreements, Morocco’s other asset
Free trade agreements between Morocco and major Chinese export markets, namely the European Union and the United States, are behind this enthusiasm among investors in the Middle Country, particularly after the tax increases decreed on Chinese exports through Washington and Brussels, respectively in May and July 2024. And Donald Trump’s return to the White House does not bode well for China.
Vitcow magazine also devotes pages to the aeronautics sector, the pharmaceutical industry, textiles, outsourcing and the agri-food industry.
President Xi Jinping affirmed last week in Casablanca following his talks with Crown Prince Moulay El Hassan that China supports Morocco’s efforts to preserve national security and stability, calling on the two countries to expand cultural and interpersonal exchanges to strengthen public support for their friendship.
As a reminder, during the state visit of King Mohammed VI to Beijing in 2016, the two countries established a strategic partnership. In January 2022, the Minister of Foreign Affairs, Nasser Bourita, and the vice-chairman of the Chinese National Reform and Development Commission (NDRC), Ning Jizhe, signed the agreement relating to the Plan for the joint implementation of the Belt and Road Initiative between Morocco and China, an initiative launched in 2013.
