Africa News Chinese Delegation Visits Morocco to Discuss Strengthening Business Ties

Chinese Delegation Visits Morocco to Discuss Strengthening Business Ties

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Rabat – Lv Xinhua, chairman of the Council for Promoting South-South Cooperation (CPSSC) met with Salaheddine Mezouar, president of the General Confederation of Moroccan Enterprises (CGEM) in Casablanca on Tuesday, July 23.

At the meeting, Xinhua said he was determined to work with Morocco to strengthen the strategic partnership between the two business communities, reports Xinhuanet, China’s official news agency. In particular, Xinhua highlighted his interest in strengthening cooperation between Morocco and China across a number of sectors, including the infrastructure sector.

“The Chinese-Moroccan partnership will play an exemplary role in the region and benefit everyone, thanks to the joint efforts of the two countries,” Xinhua stated.

In April, Morocco signed an agreement with the infrastructure group China Communication Construction Company (CCCC), and China Road and Bridge Corporation (CRBC) to take over the construction and development of Mohammed VI Tanger Tech City.

The Tanger Tech project is a plan to build a 2000 hectare city outside Tangier. Once complete it will include multiple industrial zones, and is set to house over 200 Chinese companies.

At the meeting on Tuesday, Mezouar, the president of CGEM, noted the importance of fostering Morocco’s entrepreneurs, and of integrating more youth into the China-Africa cooperation. 

Read also : Chinese Delegation Visits Tangier Tech Site

African youth who are talented and skilled in digital sectors need more support, for instance through funding, he stated.

Morocco has been pushing forward a digital strategy this year, with a focus on fostering start-ups and entrepreneurship. Morocco’s Ministry of Economy and Finance signed off on a $700 million loan from the World Bank on March 14, launching extensive reforms for Morocco’s digital economy, to “unleash the potential of Morocco’s digital start-ups.”

Funding from China for the start-up sector would further support Morocco’s digital goals. 

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