UAE-Morocco Business Council Strengthens Mutual Economic Relations
In a significant step forward for the burgeoning relationship between the United Arab Emirates (UAE) and Morocco, the UAE-Morocco Business Council was officially formed during its inaugural session in Sharjah.
The Council, a joint effort between the CGEM (General Confederation of Moroccan Enterprises) and the UAE Chambers, will focus on key sectors such as tourism, infrastructure, agri-food, renewable energy, finance, and advanced technology. These sectors were explicitly mentioned during discussions aiming to expand investment and cooperation between the two countries, especially in the context of Morocco’s large-scale projects ahead of the 2030 FIFA World Cup.
Abdallah Sultan Al Owais, Vice Chairman of the Federation of UAE Chambers of Commerce and Industry and Chairman of the Sharjah Chamber of Commerce and Industry (SCCI), celebrated the event as a pivotal moment in the flourishing relationship between the UAE and Morocco. He underlined the critical role of the Federation of UAE Chambers, CGEM, and governmental bodies in supporting the Council's initiatives.
Chakib Alj, President of the General Confederation of Moroccan Enterprises (CGEM), commended the increasing number of Moroccan companies setting up operations in the UAE and noted the growing Emirati investment in Morocco. He agreed with Al Owais's sentiments, expressing his belief that the Council will foster enhanced cooperation and create promising prospects for businesses and investment institutions from both countries.
Key representatives from the UAE Ministries of Foreign Affairs and Economy were also present at the meeting, underscoring the government's commitment to the Council's success. The sessions outlined future plans for the Council's activities and the meetings will lay the groundwork for a future of deeper collaboration within the business community, particularly involving key figures in business, investment, and commerce from both nations.
The UAE-Morocco Business Council's activities will continue to foster collaboration between the two nations, strengthening the economic ties between the UAE and Morocco and opening up new opportunities for growth and development in both countries. Ahmed Al Tazi, Ambassador of the Kingdom of Morocco to the UAE, and Chakib Alj, President of the General Confederation of Moroccan Enterprises (CGEM), attended the meeting.
As the Council embarks on its mission, it is poised to play a significant role in shaping the future of business and investment relations between the UAE and Morocco, with the potential to create a mutually beneficial partnership that will benefit both nations for years to come.
- The UAE-Morocco Business Council, a collaboration between the CGEM and the UAE Chambers, will predominantly focus on sectors like tourism, infrastructure, finance, renewable energy, and advanced technology.
- The Council's initiatives are supported by critical entities such as the Federation of UAE Chambers, CGEM, and governmental bodies from both countries.
- The Council aims to expand investment and cooperation between the UAE and Morocco, particularly in relation to Morocco's large-scale projects before the 2030 FIFA World Cup.
- The UAE's Ministries of Foreign Affairs and Economy have shown their commitment to the Council's success, alluding to future plans for the Council's activities.
- The Council's activities are expected to strengthen the economic ties between the UAE and Morocco, opening up opportunities for growth and development in both countries.
- With the potential to create a mutually beneficial partnership, the UAE-Morocco Business Council could shape the future of business and investment relations between the two nations for years to come.
