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Morocco-Belgium Investment: Sahara Region Opportunities

Belgium Backs Morocco‘s ​Sahara Plan, ‌Encourages Investment

Brussels, Belgium – Morocco ‌is opening its doors to increased Belgian investment, particularly ‌in its southern provinces, following a⁣ significant⁣ shift in Belgium’s position on the‍ Western Sahara dispute. During a joint ⁣press conference in Brussels on Thursday, Moroccan Minister of⁢ Foreign Affairs Nasser Bourita urged Belgian businesses to capitalize on the opportunities ​presented by King Mohammed VI’s vision to transform⁤ the Sahara region into a​ hub for development and cooperation.

This call came alongside the proclamation ⁤from Belgian Deputy⁣ Prime Minister and Minister of foreign Affairs, Maxime ⁣Prévot, that ‌Belgium ⁣will now align its diplomatic and‌ economic policies with Morocco’s stance on the Sahara, supporting autonomy within the Kingdom’s‍ sovereignty.

Bourita highlighted growing international recognition⁤ of the Sahara’s potential, citing ⁣examples like the ⁣United kingdom, Germany, France, and the United States, all of whom ‌view ‌the region as a promising investment destination. He pointed to‍ recent developments like the⁤ US’s formal encouragement of investment and⁤ France’s recent economic forum held in Dakhla as evidence of this trend.

While⁢ Belgium ⁤currently ranks 13th among ‌Morocco’s commercial partners and 17th among investors,​ Bourita emphasized the potential for growth through increased private ​sector involvement. He anticipates a boost in collaboration during an upcoming visit to Morocco by a Belgian government delegation, including⁣ key economic operators and business leaders.

Beyond direct investment, Bourita⁢ underscored the strategic advantage the southern provinces ​offer Belgium as a gateway to expanding ⁣commercial ties with West and Central Africa, specifically highlighting ‌the port city of Dakhla.

Discussions focused on promising ⁤collaborative opportunities ⁤in⁢ key sectors including renewable energies,infrastructure development,industry,and the burgeoning field of green hydrogen.

Belgium’s newly expressed support for autonomy within Moroccan sovereignty ‌signals⁢ a strengthened partnership and a commitment to fostering ⁢economic growth and ‌cooperation in the region.

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