The Moroccan Agency for Investment and Export Development (AMDIE) and the International Finance Corporation (IFC), a member of the World Bank Group, signed, Friday in Rabat, a partnership agreement aimed at promoting foreign direct investment (FDI) in the industrial sector in Morocco.

Initialed by AMDIE Managing Director, Ali Seddiki, and IFC Regional Director for North Africa and Horn of Africa, Cheick-Oumar Sylla, this partnership also aims to study and support the trend of these FDI as well as encourage the expansion of Moroccan companies across Africa.

This agreement is part of an already strong collaboration with the IFC, highlighting a new wave of investment in the country and the importance of building on this emerging momentum, Seddiki told MAP.

He also noted that this partnership is a lever to support and facilitate the development of private investments in important areas such as energy transition, mobility and sustainable textiles.

For his part, Sylla highlighted the strategic scope of this ag
reement, deeming it “an essential catalyst to stimulate and intensify private investments in Morocco, thus strengthening the country’s economic momentum”.

Welcoming the strong convergence between AMDIE and the IFC, Sylla affirmed the IFC’s determination to not only attract foreign investments to Morocco, but also to support the expansion of Moroccan companies in the sub-region of Africa.

Source: Agency Morocaine De Presse