Skip to content Skip to Search
Skip navigation

UAE sends ministerial delegation to Morocco to boost trade

By Shane McGinley
UAE Minister of Economy, Abdulla bin Touq Al Marri leads delegation to Morocco Creative Commons
UAE Minister of Economy, Abdulla bin Touq Al Marri leads delegation to Morocco
  • Sectors on agenda include technology, renewable energy and tourism
  • Non-oil trade between countries reached $840 million in 2021

The United Arab Emirates’ minister of economy, Abdulla bin Touq Al Marri, will today lead a high level delegation to Morocco to discuss ways to boost bilateral investment between the two Arab countries.

“The visit aims to promote cooperation between the business communities of the two countries and motivate the private sector and entrepreneurs to contribute further to the development of the trade and economic partnership between the UAE and Morocco,” the ministry said in a statement.

The visit will include meetings with several Moroccan ministers, senior government officials, and representatives from the Moroccan private sector.

The trip will also coincide with the staging of the Investopia summit, which will explore future investment opportunities between the two countries, especially for small and medium-sized enterprises.

Sectors that will be of primary focus during the talks include renewable energy, mining, tourism, information and communications technology, food security, transport and logistics, and agricultural technology.

Non-oil trade between Morocco and the UAE reached AED 3.1 billion (US$840 million) in 2021, a year-on-year growth of 44 percent.

The Moroccan government has also prioritised offering state aid to companies setting up industrial projects in remote regions of the country, as part of its plan to boost private investment in its economy.

Investment Minister Mohcen Jazouli told Reuters in May the government was seeking to increase the private sector’s share of total investment in the economy to two thirds by 2035, up from one third at present.

The two countries have reported a number of trade and economic partnerships recently.

The Moroccan Agency for Sustainable Energy (Masen) and the Ministry of Energy Transition and Sustainable Development in April officially announced that the UAE-based AMEA Power had been awarded two solar power plant projects of 36mw each, following an international tender.

Dubai’s Emirates and Royal Air Maroc in May also signed a codeshare partnership, boosting travel options for customers flying between Dubai and Casablanca.

Under the deal, Emirates customers will be able to access 17 destinations in Morocco beyond Casablanca, as well as to 63 international destinations, including North, West and Central Africa.

Latest articles

Gulf airlines, Gulf airlines conflict, Gulf conflict risk, Gulf flights cancelled rerouted

Conflict risk leads Gulf airlines to cancel regional routes

Gulf airlines are among airlines that have cancelled and rerouted flights across the Middle East as the conflict between Iran and Israel escalates. They are avoiding Iranian airspace and many have cancelled routes entirely following a major missile attack by Iran against Israel on Tuesday. Immediately after the attacks about 80 flights operated by carriers […]

Taaleem's schools offer 'exclusive educational experiences' including access to high-tech equipment profits

Dubai school operator Taaleem increases profit by 55%

Dubai school operator Taaleem has reported revenue of AED945.2 million ($257.3 million) for its 2023-24 financial year – a 15.5 percent year-on-year increase. More student enrolments and the opening of new schools helped Taaleem to increase net profit before tax by 55 percent, to AED182 million, in the financial year ending August. Taaleem’s shares were […]

Shein IPO

Mubadala-backed Shein courts investors before London IPO

Chinese fashion retailer Shein, which is backed by the Abu Dhabi sovereign wealth fund Mubadala, is courting European investors before an initial public offering on the London Stock Exchange. Shein is due to hold informal meetings to answer questions and test the investment appetite of major investors in the coming weeks, before its planned IPO […]

Workers stand on a scaffold in Dubai. Building a high rise in the UAE can be as much as two thirds cheaper than in other major cities

Apartments in UAE among cheapest to build in the world

Building a standard residential high-rise in Dubai or Abu Dhabi is up to two-thirds cheaper than in other major global cities, thanks to land, labour and raw materials all costing much less. Land is up to three times cheaper in the UAE compared with the prices paid in New York, London, Hong Kong and Singapore […]