Basque businessmen discover investment opportunities in south of Morocco

A delegation of Basque businessmen made a prospecting visit to the southern Morocco city, Dakhla, on Thursday, with the aim of discovering the investment and trade opportunities offered by this region.

According to Morocco’s state news agency, MAP, Basque economic stakeholders, and businessmen discussed investment and business opportunities in different productive sectors of the Dakhla-Oued Eddahab region, such as agro-industry, fishing and renewable energies.

The Basque delegation, led by Maria Tato, a businesswoman at the head of more than 30 companies and hotels expressed, on this occasion, their great interest in this region and their wish to contribute to the local economic dynamic, by seizing the various investment opportunities offered, MAP added.

"The purpose of this visit is to learn about the development efforts made by Morocco at the national and regional level, in particular in the southern provinces, which are of particular importance", underlined Alfredo Silvan Fernandez, a businessman specializing in industry, in a statement to the press at the end of meetings with regional officials.

Silvan Fernandez stressed the importance of the infrastructures in the regions of Laayoune-Sakia El Hamra and Dakhla-Oued Eddahab, saying that this visit made it possible to observe the efforts made through several infrastructure projects carried out in various fields.

"The delegation is in permanent contact with the various Basque economic stakeholders wishing to invest in the region", he said, noting that "the next visit of these economic stakeholders will be of a purely technical nature so that they can implement their projects". "This first visit allowed us to get an idea of the potential investment opportunities, in particular in the sectors of renewable energies, food industry, agriculture and fisheries,” he added.

This visit reflects the attractiveness of the southern provinces and the common desire to consolidate and boost trade, investments, and co-investments between the Basque region and the Kingdom of Morocco, by expanding the areas of cooperation to other areas of common interest.

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