- The MoU is signed between GAFI and the Moroccan Investment and Export Development Agency (AMDIE).
Dr. Mohamed Fared Saleh:
- Consultations were held on ways to enhance integration in promoting investment incentives and opportunities.
- The partnership represents a step toward elevating economic relations to the level of investment and trade partnerships.
Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade (MIFT), and Mr. Karim Zidane, Minister Delegate to the Chief of Government of Morocco in charge of Investment, Convergence and Evaluation of Public Policy (MICEPP), signed a Memorandum of Understanding between the General Authority for Investment and Free Zones (GAFI) and the Moroccan Investment and Export Development Agency (AMDIE), with the aim of strengthening bilateral investment relations between the Arab Republic of Egypt and the Kingdom of Morocco.
The Minister affirmed that this MoU represents an important step toward elevating economic relations between the two countries to the level of strategic investment partnerships. He noted that the current phase requires deepening institutional cooperation and exchanging expertise in a way that supports investment flows and enhances the competitiveness of the business environment.
He added that Egypt is keen to expand cooperation with Morocco across various investment fields, particularly in light of the strong economic fundamentals and promising opportunities in both countries, emphasizing that strengthening ties between the two business communities will create new opportunities for growth and joint expansion.
The three-year MoU reflects both sides’ commitment to supporting and advancing joint cooperation in the field of investment, strengthening economic partnership, and establishing a practical framework for the exchange of expertise and the improvement of the business climate, thereby contributing to the achievement of sustainable development goals.
The MoU aims to encourage mutual investments between the two countries and promote the exchange of trade delegations and business visits, enabling exposure to best practices in investment promotion.
Areas of cooperation also include the organization of joint conferences and seminars targeting the business communities in both countries, as well as the facilitation of bilateral meetings between companies and business leaders to explore investment and cooperation opportunities.
The MoU further provides for the exchange of technical expertise and knowledge through training programs, workshops, and specialized forums, in addition to the exchange of experts to provide advisory services—particularly in areas related to enhancing investor services, activating one-stop-shop systems, and strengthening investment promotion activities.
