USA plans to invest $4 billion in Morocco

The United States is planning to invest a total of $4 billion to help Morocco improve the quality of its services and products, US ambassador in Rabat, Edward Gabriel, announced at a lecture in the USA.

The investment program comprises over 20 partnership projects in tourism, infrastructure and telecoms, said the diplomat in a lecture at the Johns Hopkins University before a panel of former ambassadors in Morocco.

He also stressed that the transparency with which the second GSM license was ceded has caused the trust of foreign investors.

For the ambassador, Morocco, a strategic partner of the USA, needs financial support to speed up its socioeconomic development, reduce social gaps and face globalization stakes, especially as Morocco's agriculture-dominated economy depends on weather.

He also invited US investors to seize the opportunities offered in northern Morocco which boasts several assets like its proximity to Europe and skilled and inexpensive labor that make of it an export-oriented production platform.