Morocco—Business and Financial Hub of Africa

[YOKOSO]

H.E. Mr. Rachad BOUHLAL
Ambassador Extraordinary and Plenipotentiary of the Kingdom of Morocco to Japan
 
 
 
It’s my pleasure to introduce my beautiful country, the Kingdom of Morocco. Morocco and Japan enjoy a long and close relationship between the Royal Family and the Imperial Family, as was demonstrated during the 2005 state visit of His Majesty King Mohammed VI to Japan.

In 1956, Japan and Morocco established diplomatic ties. Since then, we have cooperated closely in political and diplomatic affairs, and recently more in economic affairs. During the past decade, Morocco’s infrastructure has broadly developed to enable efficient transportation within Morocco and towards Africa and Europe. Over 50 Japanese companies are currently operating in Morocco, creating over 40,000 jobs in several sectors, especially in fishing, phosphates and the automotive sector.

With Renault-Nissan operating since 2010 and others coming shortly, Japanese auto-parts companies are investing in Morocco. Last year, with 500,000 vehicles exported, automobiles became Morocco’s top export. In the aeronautics industry, Boeing, Airbus and Bombardier are creating a huge ecosystem, using Morocco’s skilled workforce and contributing to local employment. As finance is the key for any business, Casablanca Finance City Authority (CFC) is developing steadily to become a financial hub for Africa, providing various incentives for investors in Morocco.

Morocco is also devoted to the development of renewable energy. Solar and wind are the major resources for renewable energy, and combining hydro, the target is to have 42% of total energy from renewable sources by 2020, and 52% by 2030. With the Green Morocco Plan 2020, efficiency in agriculture is being promoted to produce more harvest for export.

Morocco is also blessed with tourist attractions. Tourists can enjoy diverse nature, from the ocean to the mountains and the desert. And with a long history of cultural intermingling, Morocco offers attractive UNESCO World Heritage sites. I may also add that Morocco is a paradise for golfers. Not only tourists but Japanese business people are enjoying golf amid wonderful courses and weather. I hope you have a chance to visit Morocco – Morocco will always welcome you.

For more information about Morocco, please visit the official website: www.morocco-emba.jp.


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