Chamber Leads First-Ever Business Delegation to Morocco
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As countries in the Middle East and North Africa (MENA) region evolve and redefine themselves in the aftermath of the Arab Spring, the U.S. Chamber of Commerce is supporting their economic growth by helping them enhance commercial ties with the United States. In this vein, the Chamber’s Middle East and North Africa Affairs Department is leading a business delegation to Morocco, March 20-22.
Eleven companies, including Raytheon, Honeywell, Lockheed Martin, and General Dynamics, are with us in Casablanca, meeting with members of the Moroccan government and announcing major investments in the country.
These companies have all recognized Morocco’s market stands to benefit considerably from U.S. private sector expertise in innovation and technology. U.S. companies, particularly in the renewable energy and port development sectors, can help Morocco achieve its long-term economic and development goals, creating jobs in both the U.S. and Morocco.
The three-day business mission will include two major signing ceremonies, where the U.S. Trade and Development Agency (USTDA) will offer a $571,000 feasibility grant for the Marsa Maroc port authority with an estimated investment of $30-41 million. Additionally, USTDA will also offer a $667,000 feasibility grant to the Moroccan Company for Transportation and Logistics with an estimated investment value of $21 million for the development of a rooftop solar photovoltaic pilot project.
Aziz Rabbah, Minister of Equipment and Transport, along with Mohammed Abdeljalil, Chief Executive Officer of Marsa Maroc Port Authority, will preside over the USTDA Signing Ceremony for the Marsa Maroc Grant.
Furthermore, Maroc Export (Moroccan Export Promotion Authority) will sign a Memorandum of Understanding with the U.S. Chamber, laying the framework for expanded trade efforts between our nations.
We must remember that this inaugural business delegation is but an initial step in the right direction. In order for our two countries to build on this partnership and embark on a shared path to economic growth, we must vigorously pursue additional opportunities for commercial partnerships that result in job creation in both the United States and Morocco.