Casablanca hosts Moroccan-Arab Gulf investment forum
Morocco-Gulf, Economics, 5/2/2000

A Moroccan-Arab Gulf investment and partnership forum will be held this May 2-4 to look for new outlets for Moroccan products and new private investments to shore up the country's economy.

During the forum that will bring together business leaders from the six Gulf states, Morocco will submit projects needing investments in the sectors of tourism, real estate, industry, agriculture, fisheries and telecommunications.

During the joint annual meeting of Arab financial institutions held last April in Fez, Arab economy ministers held bilateral meetings with Moroccan officials to examine the evolution of economic cooperation between Morocco and Arab states.

Morocco is one of the largest recipients of loans extended by Arab funds, mainly the Arab Fund for Economic and Social Development which is bringing a considerable contribution to dams, highway and housing projects in Morocco.

Morocco's imports from the oil-rich Gulf region are mainly made up of oil, plastic and chemical products, while exports consist of citrus fruits, canned food, shoes, handicraft items, ready-to-wear garments and some mining products, including phosphates.

Total Gulf investments in Morocco are estimated at around $1.0 billion, mainly in real estate, tourism and oil sectors.

Previous Stories:
  Moroccan, Gulf investors meet in Morocco next month   (4/14/2000)
  Moroccan delegation invites Qatari businessmen to Gulf investment forum   (3/8/2000)
  Moroccan executive delegation tours gulf states   (2/23/2000)

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