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MREs at the heart of an investment recovery plan in Morocco

During a meeting organized Friday in London, Moroccan experts and officials explored the best ways for Moroccans living abroad (MRE) to maximize their investments in Morocco. This event, focused on the theme “MDM Investments: New challenges, new financing, institutional responses”, is part of a series of conferences led by the Moroccan World Trophy Foundation (TMM) across the major capitals of the host countries. . The objective is to encourage dialogue with public and private authorities in order to promote investment by MREs.

Ali Mahrez, representative of the Moroccan Agency for Investment and Export Development (AMDIE), recalled the high royal instructions of 2022, aimed at establishing effective communication channels with MREs. The agency strives to provide information and advice to enable Moroccan expatriates to seize investment opportunities in their home country. For his part, Karim Amor, president of the 13th region of the General Confederation of Moroccan Enterprises (CGEM), dedicated to MRE, underlined the involvement of the private sector in supporting Moroccans around the world wishing to invest in Morocco.

For his part, Karim Amor, president of the 13th region of the General Confederation of Moroccan Enterprises (CGEM), dedicated to Moroccans around the world, expressed the commitment of the private sector in the guidance and assistance of MREs wishing to invest in their country of origin. The employers are also ready to put in contact expatriates wanting to invest in the same sectors of activity or the same regions of the Kingdom, with the aim of creating a favorable business climate and facilitating adaptation to the market, he said. -he assured.

Mohammed Afrine, CEO of Bank of Africa EuroServices, for his part, emphasized the importance of MRE fund transfers, which contrary to experts’ expectations continued to evolve positively after the Covid-19 pandemic, specifying that when it comes to deposits, this money allows banks to finance many projects. However, according to Mr. Arfine, the strategy of all banks in the Kingdom is now to see more MREs wishing to invest on their own in Morocco, ensuring that “the banking sector is happy to support them in the realization and financing of their projects.”

All participants subsequently took part in a question and answer session where they particularly focused on the Kingdom’s new investment charter and the Mohammed VI Fund for investment, which plays a role leader in promoting investment and increasing the capacity of the national economy. A networking session was an opportunity for Moroccan entrepreneurs to share their experiences and discuss the high-yield business opportunities available to Morocco, particularly in energy, agriculture, tourism, telecommunications and finance.

The meeting, which was attended by the Consul General of Morocco in London, Mouaad Ibriz, councilors from the borough of Westminster, members of the Council of the Moroccan Community Abroad (CCME) and representatives of Moroccan banks in the United Kingdom Uni, constituted an ideal platform for connecting potential investors with public and private institutions and Moroccan donors. TMM organizes the Moroccan World Trophies event which has been held every year in Marrakech since 2017 and which rewards MREs who stand out in scientific research, entrepreneurship, politics, sport, culture and associative work.

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