Morocco-France Economic Forum highlights Southern Provinces as engine of cooperation
- Potential of Morocco's Southern Provinces in Franco-Moroccan cooperation
- Key investment sectors in the Southern Provinces
- Economic cooperation between France and Morocco
- Impact on citizens and businesses
Potential of Morocco's Southern Provinces in Franco-Moroccan cooperation
The Southern Provinces of Morocco represent a strategic opportunity for economic cooperation between Morocco and France.
These regions enjoy a privileged location in terms of geographical and commercial connections between Europe and Africa, placing them at the centre of important international maritime flows. This natural role as a link makes them an emerging hub that can attract investment and promote regional development.
At the Morocco-France Economic Forum held in Dakhla, Deputy Minister for Investment Karim Zidane emphasised that the development of these provinces represents a significant boost for sectors with great economic potential.
Strengthening their infrastructure and promoting key activities opens up a unique opportunity to diversify the country's growth after its traditional urban areas.
Key investment sectors in the Southern Provinces
Renewable energy
The energy potential of these provinces is significant, given the favourable climatic conditions for solar and wind energy projects.
Investing in renewable energy will not only contribute to the national energy transition, but also position these regions as leaders in sustainable development. This has strategic value for Morocco and its international partners, including France.
Tourism
The tourism sector is emerging as another of the most promising economic drivers. The natural and cultural wealth of the Southern Provinces offers an attraction for national and international tourism. Promoting modern tourism infrastructure, in line with environmental preservation, can generate jobs and promote local development, which is key to improving the quality of life of communities.
Infrastructure
The growth of the Southern Provinces is closely linked to the consolidation of modern infrastructure. The Atlantic port of Dakhla is an example of a structuring project that seeks to boost international trade and regional connectivity. This infrastructure not only allows for the efficient movement of goods, but also the economic integration of the South as a crucial hub between continents.
Industry
Industry in these regions can benefit from the installation of new plants and the expansion of activities linked to local resources and logistics. The presence of both Moroccan and French companies can accelerate industrial development, fostering a favourable business environment that encourages innovation and competitiveness.
Economic cooperation between France and Morocco
Foreign Direct Investment (FDI)
The economic relationship between France and Morocco stands out for its dynamism and reciprocity. France is a key source of foreign direct investment (FDI) in Morocco, accounting for almost a third of total inward FDI.
At the same time, Morocco has grown as an investor in France, channelling a considerable proportion of its investments into that country.
This economic interaction contributes to a deeper integration of both markets and allows for the sharing of knowledge, technology and business opportunities. It also strengthens Morocco's strategic position as an economic platform on the African continent and facilitates its international projection.
New Investment Charter
The New Investment Charter, promoted by the Moroccan authorities, is a central element in stimulating investment flows to the Southern Provinces.
This framework regulates and promotes differentiated incentives according to territories and sectors with high potential, seeking to direct resources towards less developed but strategic areas.
With a significant mobilisation of resources, this charter seeks to consolidate an inclusive regional development model, balancing economic growth between different areas of the country.
The strategic vision includes support for renewable energy projects, logistics infrastructure and other key sectors that can be the engine for prosperity in these provinces.
Impact on citizens and businesses
Economic development and investment in the southern provinces have a direct impact on the daily lives of citizens. Job creation in sectors such as energy, tourism and industry contributes to reducing regional inequalities by improving access to services and opportunities.
For businesses, the opening up and modernisation of infrastructure and the creation of a favourable investment environment means increased competitiveness and the possibility of expanding operations. In addition, the Franco-Moroccan economic partnership opens up avenues for joint projects that promote the exchange of knowledge and technology.
Strengthening bilateral cooperation in areas such as logistics, sustainable fishing and vocational training will enable the development of local capacities, which are essential for sustaining long-term economic growth.
In short, the push towards the Southern Provinces represents a strategic step towards diversifying the Moroccan economy, taking advantage of its privileged geographical position and consolidating Morocco's role as a bridge between Europe and Africa.
