Morocco has signed four major investment agreements with companies from Catalonia, Spain, totaling MAD 500 million (approximately $50 million). The deals, finalized during a high-level ceremony in Rabat, are expected to generate more than 700 direct jobs in the cities of Tangier, Tetouan, and Kenitra.
The initiative marks a major milestone in Moroccan-Spanish economic relations and underscores the success of the “Morocco Now” investment promotion strategy.
The agreements target four key industrial sectors: automotive manufacturing, waste recovery, industrial packaging, and construction materials. These sectors are vital to Morocco’s broader economic transformation and align closely with the vision of King Mohammed VI to position the country as a competitive industrial hub in Africa and the Mediterranean.
The signing ceremony was led by Karim Zidane, Morocco’s Minister Delegate for Investment, and Josep Sánchez Llibre, president of Foment del Treball, Catalonia’s largest business federation.
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Zidane emphasised that the investments are a direct result of Morocco’s ongoing reforms aimed at making the country more investor-friendly. These include digitalising administrative procedures, simplifying regulations, and strengthening Regional Investment Centres (CRIs).
Sánchez Llibre praised Morocco’s dynamic investment climate and confirmed that Catalan companies view the country as a strategic destination. He announced that within the next year, a new delegation of around 20 Catalan firms would visit Morocco to explore additional opportunities for collaboration.
Spanish Ambassador to Rabat, Enrique Ojeda Vila, welcomed the agreements and emphasized the strong economic partnership between Morocco and Spain. He noted that both countries are each other’s top trading partners, with deep geographical and strategic ties.
Adil Rais, co-president of the Morocco-Spain Economic Council (CEMAES), highlighted that these agreements reflect a shared commitment to building a strong and sustainable investment axis. He reaffirmed Spain’s goal of becoming Morocco’s top foreign investor.
