Morocco signs $770 million in investment deals
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Morocco's King Mohammed VI has presided over the signing of new international investment agreements worth 7.5 billion dirhams (about $770 million) as the kingdom seeks to capitalize on its reputation as a safe market in a volatile region.
The 30 investment contracts signed Monday are due to provide 39,000 jobs, according to the government, a welcome boost for Morocco's economy.
Moulay Hafid Elalamy, Minister of Industry, Commerce, Investment and Digital Economy highlighted the increase in investments in industry from Brazil, China, Russia, and India.
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During the ceremony in the royal palace in Casablanca, investment contracts were signed between the Moroccan government and a number of international companies, including UK-based automotive manufacturer Delphi and Canadian manufacturer Linamar.
"Morocco's biggest capital is security, which continues to attract investments" said Elalamy.