Despite the impact of the health crisis, major financial institutions are confident that the Moroccan economy will maintain steady growth in the coming years and its vocation as a regional and international hub for exports, said, on this occasion, Morocco's Ambassador to Canada, Souriya Otmani.
The Kingdom has shown resilience in the face of other shocks in the past, she said, recalling that Morocco is among countries with low security risk and now ranks 53rd among the world's best business destinations, gaining over 20 positions in the World Bank's Doing Business ranking within 10 years.
The ambassador also highlighted the major economic projects carried out in Morocco to increase its connectivity with the rest of the world. She mentioned, in that regard, the port of Tangier-Med, the first port in the Mediterranean and the largest in Africa, as well as the world-class infrastructure available in the Kingdom.
Today, Morocco is Canada's third largest economic partner in Africa and the volume of trade between the two countries is growing and reached USD 980 million last year, Otmani added, encouraging Canadian investors and businessmen to seize the opportunities offered in Morocco and to follow in the footsteps of the many large Canadian companies already present in the country, such as Bombardier, CGI, Maya Gold and Silver, Aquatech, NTS consulting and Polydesign.
Organized on November 24 and 25 by the Canadian-Arab Business Council, the forum aimed at strengthening trade ties and shedding light on investment opportunities between Canada and the Arab world. Canadian Prime Minister Justin Trudeau and Foreign Minister François-Philippe Champagne were among the speakers.