The Kuwaiti-Moroccan Forum: Towards a New Phase of Trade Cooperation
Follow-up
The Moroccan Ambassador to Kuwait, Ali Ben Ayssa, announced during the opening of the Kuwaiti-Moroccan Economic Forum, held last week in the capital city of Kuwait, that the aim is to double bilateral exchanges between the two countries to meet common aspirations.
This forum, organized by the Moroccan Agency for Investment and Export Development (AMDIE) and the Moroccan Confederation of Exporters in partnership with the Kuwaiti Chamber of Commerce and Industry, served as a platform for economic stakeholders to meet. The Moroccan delegation included about thirty companies operating in various production and export sectors, engaging in numerous meetings with their Kuwaiti counterparts.
The ambassador emphasized that this event reflects the shared desire to expand economic cooperation, praising the historical ties and depth of bilateral relations, with a focus on projects funded by Kuwaiti institutions and investors in Morocco.
Rise in Kuwaiti Investments
The diplomat indicated that Kuwaiti investments in Morocco reached $1.5 billion over the last three years, reflecting positive dynamics, while trade exchanges recorded their strongest growth rate since 2018. In 2024, Moroccan exports to Kuwait exceeded 216 million dirhams (approximately $24 million), while Kuwaiti exports to Morocco were about 1.3 billion dirhams ($140 million).
Future Opportunities and Prospects
The ambassador highlighted promising sectors, especially with Morocco hosting the 2030 World Cup in partnership with Spain and Portugal, considering this event as “a unique investment opportunity in infrastructure.” He also pointed to the reforms Morocco has initiated to improve the business climate, including the establishment of a new investment charter, streamlining administrative procedures, and offering financial and tax incentives to attract investors.
The forum’s agenda included presentations on investment opportunities and Moroccan products suitable for export, showcasing a wide range of items such as olive oil, honey, argan oil, traditional textiles, children’s clothing, as well as cosmetics, pharmaceuticals, modern technology services, and a variety of agricultural products.
