Organized by the Regional Investment Center of the Tangier-Tétouan-Al Hoceima region (TTA), in partnership with the Council of the region, the Spanish Chamber of Commerce in Tangier, the Consulate General of Morocco in valencia, the Chamber of Commerce of Valencia adn the morocco-Spain Economic Council (CEMAES), this event was hosted by senior regional, national and international economic officials and actors, indicates the regional investment center in a press release.
This edition constituted a unique possibility to strengthen and highlight the distinguished economic relations and stimulate commercial exchanges between the TTA and Valencia regions, and made it possible to highlight the immense potential that the region abounds in various promising sectors such as automotive industry, the food industry, textiles and clothing, offshoring, logistics, renewable energies and tourism, it is specified.
Marked by the presence of more than 300 peopel from different backgrounds, including a Moroccan delegation made up of more than 150 economic actors representing both the public and private sectors, as well as the Moroccan diaspora community in Valencia, this meeting constituted a great opportunity to bring participants closer to the regional territorial offer, in addition to the incentives and support and support mechanisms mobilized by the investment ecosystem, in light of the new investment charter and the Northern fund For advancement and investment (NORDEV), adds the press release.
Speaking on this occasion, the Director General of the Regional Investment Center, Mr. Jalal Benhayoun, highlighted the economic, environmental and cultural similarities between the two regions of TTA and Valencia.
He also insisted on ”the potential and the diversified and competitive territorial offer of the TTA region having succeeded in the challenge of a profound transformation thanks to the enlightened vision of His Majesty King Mohammed VI, May God Help him, as destination and natural extension of choice for the growth and competitiveness of Spanish companies, with the presence of an extremely mature investment ecosystem meeting the highest requirements of international investors, combined with a highly qualified workforce’ ‘.
So many factors have made it possible to attract international and particularly Spanish investments in a massive manner, thus strengthening the positioning of the region as a world-class investment platform and locomotive of the Kingdom in all new global professions, noted Mr. Benhayoun.
For omar El Hzoumri, a Moroccan living in Valencia for more than 20 years, his choice to invest in his country of origin and especially in the prefecture of M’Diq-Fnideq less than 2 years ago, was motivated by the “notable progress in Morocco in terms of investment and the prospects it offers in this area and, particularly, at the level of the Tangier-Tétouan-Al Hoceima region, which promises a direct access, thanks to its port connectivity, to several global markets, but also and above all to the transparent and personalized end-to-end support offered by the local players involved in the investment, in particular the CRI-TTA, and which allows the facilitation of administrative acts and connection with the local ecosystem.
Same observation for Blanca Erum, CEO Europa and Africa Erum Maroc, a leading company in the design, injection and assembly of plastic parts based in Tangier, which highlighted Morocco’s openness to investment and the international competitiveness of the Tangier-Tétouan-Al Hoceima region, thanks to a favorable buisness climate, the presence of a highly qualified workforce and the permanent support of economic actors at all levels.
The program of this event included workshops and B2B and networking meetings that brought together Moroccan institutions and businessmen with their Spanish counterparts, as well as presentations on the region’s potential and support services. and incentives offered nationally and regionally.
Likewise,the meeting was an opportunity to present testimonies from certain spanish companies on their success stories in the region,which made this event an unmissable event for investors interested in exploring new horizons in benefiting from the promising advantages that the TTA region has as a preferred economic destination of global competitiveness,with the promise of offering a unique experience to investors throughout their journeys,the press release concludes.
How can joint ventures between Moroccan and Spanish companies enhance trade relations?
Interview: Strengthening Economic Ties Between Morocco and Spain
Interviewer (Time.news Editor): Welcome to Time.news! Today,we have the pleasure of speaking with Dr. Amal Benjelloun, an expert in international trade and regional progress. Dr. Benjelloun recently attended the economic forum organized by the Regional Investment Centre of the Tangier-Tétouan-Al Hoceima (TTA) region,in partnership with various institutions including the Spanish Chamber of commerce in Tangier. Welcome, Dr. Benjelloun!
Dr. Amal Benjelloun: Thank you for having me! It’s great to be here.
Interviewer: The forum you attended saw over 300 participants, including key economic officials. What were the main goals of this event?
Dr. Benjelloun: The primary goal was to strengthen economic relations between the TTA region and Valencia. The event showcased the meaningful commercial potential between these two areas and sought to stimulate bilateral trade across various promising sectors such as automotive, food, textiles, and renewable energies.
Interviewer: That sounds promising! Can you elaborate on the sectors highlighted during the forum? Why are they considered promising?
Dr. Benjelloun: absolutely! The automotive industry is booming, with Morocco positioning itself as a key player in this sector. Additionally, the food industry benefits from Morocco’s agricultural diversity. Textiles are a conventional area of strength for both regions, while offshoring and logistics are gaining importance due to strategic geographical locations. Lastly, renewable energies are crucial for sustainable growth, and morocco has invested heavily in this area, clearly demonstrating its potential for partnership with Spain.
Interviewer: It’s interesting to see how diverse these sectors are. Were there any specific initiatives or projects mentioned during the forum that aim to enhance cooperation?
Dr. Benjelloun: Yes, there were several initiatives discussed. For instance, specific investment projects targeting renewable energy and logistics infrastructure were highlighted, aiming to create synergies between Spanish and Moroccan companies.also, opportunities for joint ventures in the automotive sector were emphasized, which would provide a robust platform for growth and innovation.
Interviewer: With more than 300 attendees from varied backgrounds, what role do you think networking played during the event?
Dr.Benjelloun: Networking was absolutely crucial.For many participants, it was an opportunity to meet potential partners, exchange ideas, and explore collaboration. The presence of senior economic officials provided valuable insights into regulatory frameworks and investment climates,which businesses can leverage to make informed decisions.
Interviewer: looking ahead, what impact do you foresee from this event on the economic relations between Morocco and Spain?
Dr. Benjelloun: I believe this event will act as a catalyst for future collaborations and investments. The commitment shown by both regions to engage in constructive dialog indicates a willingness to deepen these economic ties. If the initiatives discussed are implemented effectively, we could see a significant boost in trade volumes and economic growth for both Morocco and Spain.
Interviewer: Thank you, Dr. Benjelloun, for sharing your insights! It seems like an exciting time for economic relations in the region. We look forward to seeing how these initiatives unfold in the coming months.
Dr. Benjelloun: Thank you for having me! I’m eager to witness the progress as well.