Morocco to Host Africa’s Maiden Annual Investment Meeting

Morocco will organize the first Africa Chapter of the Annual Investment Meeting (AIM) in Marrakech from 29th to 31st October 2017 under the theme “The Future Investment Landscape of Africa: Sustainable Investment through Innovation and Partnership” in an effort to drive more foreign direct investments (FDI) to Africa.

This follows the signing of a Memorandum of Understanding (MoU) between Dawood Al Shezawi, CEO of the AIM Organizing Committee and HE Ahmed Akhchichine, President of Marrakech-Safi Region, Kingdom of Morocco.

“We are delighted with our new partnership and the signing of the agreement with Marrakech Safi to host the Annual Investment Meeting. This reflects the prospering UAE–Morocco relations, especially at the economic level and direct investments,” Al Shezawi noted.

He said it is also a testament to the great importance attached for the African market by international and UAE investors, evidenced by their numerous trips to some African countries in recent years, and their quest to expand investment on the continent.

AIM Africa Chapter 2017 is expected to boost the UAE-Africa relations which have soared in recent years especially in direct investments.

Indicators show that the UAE was the fourth largest source of FDI projects in Africa in 2014, with retail trade accounting for the highest investments for UAE companies in Africa where in Egypt they reached $2.3 billion.

AIM- Africa Chapter 2017 will be a platform for the world’s top investors and government officials from African countries to engage on investment opportunities, procedures; laws and other issues and activities related to FDI and to strengthen relations to stimulate more investment.

The meeting will comprise a number of events, workshops and meetings between investors and government delegations including a showcase of the latest projects in Africa by exhibitors presenting them to potential international investors and enhancing investment opportunities.

Akhchichine added, “It will provide new avenues for the diversification of industries, which is already pursued by the major global investment companies, led by leading UAE companies.”

This is the first time the AIM will be held outside the UAE. The 7th edition of the leading global FDI platform will be held in Dubai in early April 2017 running with the theme, “International Investment, Path to Competitiveness and Development”.

This post first appeared HERE

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