Zidan Showcases Investment Potentials in China to Attract Investments in Automotive and Renewable Energy Sectors
The Minister Delegate to the Head of Government, responsible for Investment, Karim Zidan, presented Morocco’s investment potential at a global manufacturing conference in Hefei, China, emphasizing that the Kingdom is a competitive and stable destination.
In his speech, Zidan stated that Morocco serves as a bridge connecting Africa, Europe, and the Arab world, aiming to become a regional hub for investment, production, and exports. He highlighted several advantages, including the Kingdom’s geostrategic location, which makes it a gateway to global markets, thanks to free trade agreements with countries representing over two billion consumers. He also pointed to the developed infrastructure, particularly the Tangier-Mediterranean Port, the largest in Africa and the Mediterranean, making Morocco an ideal destination for Chinese companies looking to expand internationally.
Zidan noted that Morocco is the only African country with free trade agreements with Europe and the United States, and mentioned that its accession to the African Continental Free Trade Area allows investors to access over 90 countries duty-free.
Regarding cooperation with Anhui Province, Zidan confirmed that key sectors in Morocco, such as the automotive industry, complement the strengths of the Chinese province, particularly in electric vehicles, batteries, and electronic components. He emphasized that Morocco is the largest producer and exporter of non-European cars to Europe, providing an ideal environment for these companies.
He also addressed the renewable energy sector, indicating that Morocco produces over 40% of its electricity from renewable sources and aims to increase this percentage to 52% by 2030. He called on companies operating in this field from Anhui Province to benefit from this transition.
Zidan affirmed that Morocco has established an attractive legal framework for foreign investors through the new investment charter, which offers clear incentives directed towards achieving tangible results.
He also referenced the royal visit to Beijing in 2016, during which King Mohammed VI and Chinese President Xi Jinping established a strategic partnership, enhancing the success of joint initiatives between the two countries.
On the sidelines of the conference, Zidan met with Anhui Province Vice Governor Song Yong to discuss enhancing economic cooperation, particularly in technology. He also met several Moroccan youth trainees from the Chinese company “Goshun High Tech,” preparing for their integration into the large industrial unit in Kenitra.
