Moroccan executive delegation tours gulf states

A Moroccan executive delegation will undertake this February 26 through March 9 a tour in Arab Gulf states to attract investments from the oil-rich region to Morocco.

Led by head of investments at the Moroccan Finance and Economy Ministry, Hassan Bernoussi, the party will go to Saudi Arabia, Kuwait, Bahrain, Qatar, Oman and the United Arab Emirates.

The visit takes place one year after a similar tour by Moroccan Finance and Economy Minister Fathallah Oualalou heading a 68-member delegation to these Gulf countries.

Several accords were concluded during the tour.

Morocco's imports from the 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.