UKEF Pledges up To £4 bn To Strengthen UK-Moroccan Trade Bonds

UK Export Finance (UKEF) said, Wednesday, that up to £4 billion is now available for Moroccan purchasers for projects in the region, with at least 20% of the content acquired from UK firms.
UKEF has designated a new International Export Finance Executive (IEFE), located in Casablanca, to help harness new opportunities for UK businesses to export to the region to increase UK-Moroccan trade, provided that at least 20% of the total contract value is secured from UK suppliers.
Morocco provides a variety of prospects for UK companies, including future projects in energy transition, water desalination, and infrastructure, such as railways, roads, ports, and airports, to enhance the local economy through new transportation links.
The announcement comes after the UK and Morocco celebrated three centuries of shared prosperity in 2021, which marked the 300th anniversary of the two countries first trade treaty.
UK Export Finance (UKEF) has billions of pounds in capacity to support projects in African markets and can help foreign countries access finance, loans and insurance to make their projects happen, if they commit to sourcing goods and services from the UK.