Morocco is one of the most attractive investment destinations in Africa, Minister Delegate in charge of Investment, Convergence and Evaluation of Public Policies, Mohcine Jazouli, said Monday in Marrakech.
Speaking at the US-Morocco Venture Capital Forum, Jazouli underlined that the Kingdom, under the enlightened leadership of His Majesty King Mohammed VI, has experienced significant development and has become a regional economic power characterized by modernity and diversity, while boasting world-class infrastructure.
He added that Morocco has currently entered a new phase of development, with a strong emphasis on attracting private investments, reiterating the Moroccan government’s commitment to supporting American investors and strengthening strong economic relations between both countries.
The minister expressed his conviction that “the startup ecosystem in Morocco will experience many success stories in the future”, emphasizing the importance of collaboration between all stakeholders to position this ecosystem in the place that it deserves.
Jazouli also noted that American companies play an important role in the socio-economic development of Morocco, affirming that American venture capital investors can contribute significantly and effectively to this important ambition.
He noted that Morocco, as a major economic partner of the United States and a gateway to the African continent, is well positioned to help strengthen the African startup ecosystem.
For her part, “Prosper Africa” initiative Coordinator, British A. Robinson, said that this meeting is meant to boost investment in the private sector, to attract more investments to Morocco and to support startups and the thriving ecosystem of Moroccan entrepreneurship.
She expressed her satisfaction with the contribution of this American initiative, which aims to increase trade and investments between the United States and Africa, and to promote the economic growth of Morocco.
Organized by the United States Embassy in Morocco, in collaboration with the American government initiative “Prosper Africa”, this forum which brings together 25 of the most promising startups in Morocco, is the first of its kind between these two countries on venture capital.