UAE and Morocco Forge Multifaceted Partnership for Economic Development
The recent state visit of King Mohammed VI of Morocco to the UAE represents a new era of collaboration between the two nations. President Sheikh Mohamed bin Zayed Al Nahyan and King Mohammed VI solidified an impressive partnership aimed at fostering economic, trade, and investment cooperation. A series of Memoranda of Understanding (MoUs) were exchanged, marking a significant milestone in their joint efforts toward progress and prosperity.
High-Speed Train Projects
An MoU was exchanged between His Excellency Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Infrastructure of the UAE, and His Excellency Mohamed Rabie Khlie, Director General of Office National des chemins de fer (ONCF) in Morocco, establishing an investment partnership in high-speed train projects in Morocco.
Water Sector Investment
His Excellency Suhail bin Mohammed Faraj Faris Al Mazrouei, alongside His Excellency Nizar Baraka, Equipment and Water Minister of Morocco, laid the foundation for an investment partnership in the water sector.
Developmental Partnership
His Excellency Mohammed Hassan Al Suwaidi, Minister of Investment of the UAE, collaborated with His Excellency Fouzi Lekjaa, Minister Delegate to the Minister of Economy and Finance in charge of the Budget in Morocco, to initiate a developmental partnership.
ADNOC and OCP Agreement
An MoU between ADNOC and the Office Chérifien des Phosphates (OCP) was signed by His Excellency Mohammed Hassan Al Suwaidi and His Excellency Mostafa Terrab, Director General of the Office Chérifien des Phosphates, fostering collaboration between the two entities.
Energy Sector Projects
His Excellency Suhail bin Mohammed Faraj Faris Al Mazrouei and Her Excellency Leila Benali, Minister of Energy Transition and Sustainable Development in Morocco, established an investment partnership focusing on energy sector projects.
Agriculture and Fisheries
Her Excellency Mariam bint Mohammed Saeed Hareb Almheiri, Minister of Climate Change and Environment of the UAE, and His Excellency Mohammed Sadiki, Minister of Agriculture, Maritime Fisheries, Rural Development, and Water and Forests in Morocco, forged an investment partnership in the agriculture and fisheries sectors.
Airport Sector Cooperation
His Excellency Mohammed Hassan Al Suwaidi and His Excellency Mohammed Abdeljalil, Minister of Transport and Logistics in Morocco, agreed upon investment cooperation in the airport sector.
Port Sector Collaboration
His Excellency Mohammed Hassan Al Suwaidi and His Excellency Nizar Baraka joined hands for investment cooperation in the port sector.
Morocco-Nigeria Gas Pipeline Project
An investment partnership related to the Morocco-Nigeria gas pipeline project was established by His Excellency Suhail bin Mohammed Faraj Faris Al Mazrouei and Her Excellency Amina Benkhadra, General Director of the National Office of Hydrocarbons and Mines (ONHYM).
Financial Markets Collaboration
His Excellency Mohammed Hassan Al Suwaidi and Her Excellency Nadia Fettah, Minister of Economy and Finance in Morocco, embarked on joint cooperation in the financial markets and capital markets sector.
Tourism and Real Estate
His Excellency Mohammed Hassan Al Suwaidi partnered with His Excellency Mohcine Jazouli, Minister Delegate to the Head of Government in charge of Investment, Convergence, and the Evaluation of Public Policies in Morocco, to foster an investment partnership in the tourism and real estate sector.
Data Storage Projects
His Excellency Mohammed Hassan Al Suwaidi and His Excellency Mohcine Jazouli also collaborated to establish an investment partnership in data storage projects.
This comprehensive agreement signifies a shared commitment to broader development goals, aligning with the aspirations of both nations and their people for progress and prosperity.
The diversified nature of these partnerships reflects the depth and breadth of the commitment to mutual growth and collaboration between the UAE and Morocco. This collaboration marks a monumental step toward a future of sustainable development and economic growth.
