Luxembourg: The Luxembourg Chamber of Commerce hosted, on Wednesday at its headquarters in the Grand Duchy, an economic meeting dedicated to showcasing the many investment opportunities offered by Morocco and exploring prospects for expanding trade between the two countries. The event was attended by representatives of numerous Luxembourgish companies, several of which will take part from May 4 to 7 in a major economic mission to Morocco led by Luxembourg’s Minister of the Economy, SMEs, Energy and Tourism, Lex Delles, aimed at strengthening cooperation and establishing solid and lasting partnerships between the economic players of both countries.
According to Agence Marocaine De Presse, an official Moroccan delegation also took part in the event, reflecting a shared ambition to sustain a partnership based on mutual interests, reciprocal trust, and a common willingness to further enhance trade and bilateral investment. A key highlight of the meeting was a presentation by director general of the Moroccan Agency for Investment and Export Development (AMDIE), Ali Seddiki, who shed light on investment opportunities in Morocco, the Kingdom’s strategic advantages, its favorable regional positioning, and the structural reforms undertaken to improve the business climate and support international investors.
He notably emphasized Morocco’s stable business environment, its infrastructure and ecosystems aligned with the highest international standards, its young human capital, and its economic openness, offering immediate access to a market of more than 3 billion consumers. For his part, Morocco’s ambassador to the Kingdom of Belgium and the Grand Duchy of Luxembourg, Mohamed Ameur, highlighted the excellent level of bilateral relations, underpinned by the strong mutual understanding and esteem between His Majesty King Mohammed VI and His Royal Highness Grand Duke Guillaume V, noting that this high-level friendship serves as “a compass that provides the necessary visibility to embark on long-term projects.”
He also pointed to the encouraging momentum in economic relations between the two countries, with trade volumes steadily increasing, while Luxembourg now ranks among the top ten foreign investors in Morocco. The Kingdom is also emerging as one of Luxembourg’s most dynamic partners on the African continent, he said. However, he noted that the level of trade and bilateral investment ‘still falls well short of our respective expectations and does not yet reflect the excellent level of the political and human ties’ linking Morocco and Luxembourg, calling for fully leveraging the synergies between the two economies to significantly boost trade volumes.
Luxembourg’s ambassador to Morocco, Christian Muller, welcomed the timing of the meeting, held just days before the major Luxembourgish economic mission to the Kingdom. He noted that it comes within a favorable context marked by continuously strengthening bilateral ties, particularly since the opening in 2020 of the Luxembourg Trade and Investment Office (LTIO) in Casablanca, the first of its kind in Africa. ‘Despite these significant advances, the economic potential between our two countries remains underexploited,’ he said, calling for renewed efforts to elevate the trade partnership to match shared ambitions.
In this regard, International Affairs Lead at the Luxembourg Chamber of Commerce, Sabrina Aksil, highlighted the strong interest shown by Luxembourgish companies and economic operators in investing in Morocco across a wide range of sectors, from ecology and services to industry and infrastructure. The upcoming official economic mission, to be held in Casablanca and Rabat with the participation of around twenty Luxembourgish companies, will provide an opportunity to deepen economic ties in key sectors such as technology and construction, she said, adding that the aim is to strengthen existing partnerships while seizing new opportunities for cooperation.