Morocco and Spain Strengthen Economic Partnership with 500 Million Dirham Investment Agreements
Morocco and Spain have signed four agreements to implement new investment projects totaling 500 million dirhams, sourced from Catalan companies. This agreement was made during a meeting between the Minister Delegate for Investment, Convergence and Public Policy Evaluation, Karim Zidane, and a delegation of Catalan businessmen led by Josep Sánchez Llibre, President of the Foment del Treball organization, the largest employers’ association in Catalonia.
These projects span multiple sectors, including the automotive industry, waste valorization, packaging, and construction materials. They are expected to create over 700 direct jobs in the cities of Tangier, Tetouan, and Kenitra, reflecting Morocco’s ability to translate international partnerships into concrete investments that enhance the job market.
Minister Zidane praised the burgeoning investment climate in Morocco, affirming that the Kingdom is steadily progressing towards becoming a competitive and sustainable hub, thanks to major reforms aimed at simplifying procedures, digital transformation, and strengthening regional investment centers. He noted that the commitment of Catalan companies reflects their confidence in Morocco’s investment landscape and their desire to contribute to the country’s industrial boom.
The President of Foment del Treball expressed satisfaction with the warm reception given to the Spanish delegation, emphasizing the readiness of Catalan companies to increase their presence in Morocco and announcing an upcoming visit from a new delegation of twenty Catalan companies within the year.
Spanish Ambassador to Rabat Enrique Ojeda Villa endorsed this initiative, stating that the geographical proximity and solid economic ties between the two countries make Morocco and Spain strategic partners across the Mediterranean.
Adil Riss, Co-Chairman of the Moroccan-Spanish Business Council, confirmed that these agreements embody the shared desire to build a robust trade and investment partnership, highlighting that the council aims to make Spain the leading investor in Morocco by enhancing investment flows and intensifying economic exchanges.
These agreements are part of a series of promotional initiatives, including previous meetings in Barcelona and Madrid, as well as field visits organized under the Morocco Now campaign, reflecting the noticeable increase in structured economic cooperation between the two countries, based on trust and a shared vision for sustainable development.
