Moroccan agency for investment development opens office in Madrid

The Moroccan agency for the development of investment has opened an office in Madrid to encourage Spanish businessmen to invest in Morocco.

“The opening of this office aims at proximity, that is to say getting closer to the Spanish business arena,” said on Thursday the director of the agency, Fathallah Sijelmassi.

Recalling that over 1000 companies are currently based in Morocco, Sijelmassi said that the country’s economy is getting increasingly attractive and represents a solution to the crisis, both for Spain and Europe.

Highlighting kingdom’s business opportunities and incentives, he stressed that Spanish companies can produce more cheaply in Morocco and it constitutes an alternative for increasing their market share.



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