Business. Moroccan and Mauritanian investors want to move up a gear

The private sectors of the two countries intend to pull out all the stops to boost investment on both sides of the border. In this sense, the two employers, the CGEM and the UNPM call on their respective members to work together to identify opportunities.

The General Confederation of Moroccan Enterprises (CGEM) and the National Union of Mauritanian Employers (UNPM) want to join forces to stimulate investment in both Morocco and Mauritania. It is in this perspective that the two partners organized, on September 20, in Casablanca, the second edition of the Morocco-Mauritania Economic Forum, which brought together an audience of Moroccan and Mauritanian investors. Indeed, no less than 140 Mauritanian economic operators representing various sectors, headed by the President of the National Union of Mauritanian Employers, Mohamed Zine El Abidine Ould Cheikh Ahmed, took part in this forum, alongside their Moroccan counterparts. . This high business mass allowed the various participants to discuss the opportunities offered on both sides of the borders.

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It must be said that although they are bordering, the relationship between the private sectors of the two countries still needs to be deepened on several levels. “Our ambition today is to raise Moroccan-Mauritanian relations to an even higher level on all fronts and particularly on the economic front”, assured Nadia Fettah Alaoui, Minister of Economy and Finance, in her inaugural speech. She also pointed out that the Morocco-Mauritania relationship has experienced, over the past two years, a new impetus aimed at developing ties between the two countries. “This new dynamic will make it possible to promote South-South cooperation in its two Arab and African components”, she continued, adding that the holding of this economic forum came to devote this dynamic of cooperation and to offer visibility to the actors. economic on the opportunities to be seized. It should also be remembered that the level of trade between Morocco and Mauritania reached 2.3 billion DH, which remains below the ambitions displayed on both sides.

For his part, the president of CGEM, Chakib Alj, indicated that Moroccan economic operators are ready to work with their Mauritanian counterparts on all fronts. In particular, he mentioned in his speech several sectors such as the fisheries sector in which he assured that there is a desire to work together to enhance the value of fishery products, and this by investing in processing plants. “The energy sector is just as crucial. Mauritania has an adequate geographical and climatic potential to succeed in its energy transition, cover its renewable energy needs and reduce its production costs. To this end, Moroccan companies are ready to use their significant experience in this field to build, in partnership with local actors, solar and wind units,” he said.

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Chakib Alj also highlighted the Moroccan pharmaceutical industry, the infrastructure sector, and many others, also noting that it is necessary to establish a permanent dialogue between the two parties. “As neighboring countries, we share the same challenges, the same ambitions and therefore a common future that we can build, now, together. Hand in hand, we can anticipate global economic shocks, hand in hand we can position our economies on the new value chains that are being reshaped”, assured the president of the CGEM. As a reminder, the first Morocco-Mauritania economic forum took place in 2018 in the Mauritanian capital with the participation of more than a hundred Moroccan businessmen.

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