UAE-Morocco Business Council Strengthens Mutual Economic Relationships
UAE-Morocco Business Council Established to Boost Economic Ties
The UAE-Morocco Business Council has been formed through a joint effort between the CGEM (General Confederation of Moroccan Enterprises) and the UAE Chambers. The inaugural session of the Council was held in Sharjah and was attended by key representatives from the UAE Ministries of Foreign Affairs and Economy, as well as Ahmed Al Tazi, Ambassador of the Kingdom of Morocco to the UAE, and Chakib Alj, President of the CGEM.
Abdallah Sultan Al Owais, Vice Chairman of the Federation of UAE Chambers of Commerce and Industry and Chairman of the Sharjah Chamber of Commerce and Industry (SCCI), emphasized the rapid expansion of ties across various sectors, highlighting the UAE's wealth of expertise and attractive investment opportunities. Chakib Alj expressed agreement with Al Owais's sentiments, commending the increasing number of Moroccan companies operating in the UAE and the growing Emirati investment in Morocco.
The key sectors of focus for the UAE-Morocco Business Council include food industries, chemicals, mining, energy and renewable energy, technology, tourism, infrastructure, agri-food, finance, and advanced technology. These sectors were specifically mentioned during discussions between Saudi and Moroccan business delegations, reflecting the broader regional interest in expanding cooperation in these vital areas.
The Council's activities aim to foster enhanced cooperation and create promising prospects for businesses and investment institutions from both countries. Al Owais underlined the critical role of the Federation of UAE Chambers, CGEM, and governmental bodies in supporting the Council's initiatives. However, Chakib Alj did not mention any specific role of governmental bodies in supporting the Council's initiatives.
In his address, Abdallah Sultan Al Owais celebrated the event as a pivotal moment in the flourishing relationship between the UAE and Morocco, stating that the Council would foster enhanced cooperation and create promising prospects for businesses and investment institutions from both countries. The meetings will lay the groundwork for a future of deeper collaboration within the business community, particularly involving key figures in business, investment, and commerce from both nations.
The session outlined future plans for the Council's activities, focusing on key sectors such as tourism, infrastructure, agri-food, renewable energy, finance, and advanced technology. The Council's formation and inaugural session mark a significant step towards strengthening the economic ties between the UAE and Morocco.
- The UAE-Morocco Business Council, established through a joint effort between the CGEM and the UAE Chambers, focuses on sectors such as tourism, infrastructure, agri-food, renewable energy, finance, and advanced technology.
- Key representatives from the UAE Ministries of Foreign Affairs and Economy, as well as Ahmed Al Tazi, Ambassador of the Kingdom of Morocco to the UAE, and Chakib Alj, President of the CGEM, attended the inaugural session of the Council held in Sharjah.
- Abdallah Sultan Al Owais, Vice Chairman of the Federation of UAE Chambers of Commerce and Industry, highlighted the UAE's attractive investment opportunities and emphasized the rapid expansion of ties across various sectors.
- Chakib Alj commended the increasing number of Moroccan companies operating in the UAE and the growing Emirati investment in Morocco.
- The Council's activities aim to foster enhanced cooperation and create promising prospects for businesses and investment institutions from both countries, with a critical role played by the Federation of UAE Chambers, CGEM, and governmental bodies in supporting the Council's initiatives.
- The formation and inaugural session of the UAE-Morocco Business Council signify a significant step towards strengthening the economic ties between the UAE and Morocco, laying the groundwork for a future of deeper collaboration within the business community.
