Morocco hosts international electronics forum
Morocco-Regional, Economics, 5/7/2002

Rabat is playing host to the 11th international electronics Forum "Electronics 2002," devoted this year to the semi-conductors industry.

Opening the forum this Monday, Moroccan Premier Abderrahmane Youssoufi said the semi-conductors industry in Morocco is witnessing a promising development and contributes to the promotion of exports and to the improvement of the competitiveness of the economic fabric.

This industry has scored since 1996 an average annual growth of 30 percent and the sector's production exceeded 1.5 billion Dirhams (nearly US$ 130.43 million) in 2000, Youssoufi said, adding that investments in the sector are also continuously growing and that sector's potentials are confirmed by the presence in Morocco of outstanding international companies and world-known sub-contractors.

He said that the Moroccan government has set out incentives, with the backing of the Hassan II fund for economic and social development, to attract more enterprises operating in the sector and that over the past 4 years, Morocco has gained over $ 7 billion worth of foreign investments. In 2001 alone, foreign investments reached the unprecedented level of $3 billion, he said.

Morocco's commitment to promote investments was crowned by the royal letter of last January wherein King Mohammed VI gave instructions to decentralize investment management and ease administrative procedures through the setting up of regional investment centers, Youssoufi recalled, before surveying the drives made to encourage the private initiative and upgrade the competitiveness of the Moroccan production fabric and to prepare the country enter the new millenium.

The forum is sponsored by the company Futurs Horizons and the Moroccan-American council for trade and investment.

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