The Moroccan Agency for Investment and Export Development (AMDIE) and the International Finance Corporation (IFC), a member of the World Bank Group, signed a partnership agreement to promote Foreign Direct Investment (FDI) in Morocco’s industrial sector.
The agreement, signed by AMDIE’s Head Ali Seddiki, and IFC Regional Director for North Africa Cheick-Oumar Sylla, is meant to analyze and support FDI growth and help Moroccan businesses expand across Africa.
Speaking to the press, Seddiki noted that this agreement lends strength to the strong collaboration with the IFC, highlighting the beginning of a new phase of investment in the country and the importance of capitalizing on this growing dynamism.
Seddiki reiterated the partnership’s role in facilitating private investment in energy transition, mobility, and sustainable textile. He highlighted that this is a win-win collaboration given IFC’s expertise and the opportunities that AMDIE presents.
Sylla stressed the agreement’s strategic importance, stating that it is a critical catalyst for increasing private investment in the kingdom and boosting the country’s economic momentum.
Since 1962, the International Finance Corporation has been working with over 100 Moroccan partners on projects that benefit small businesses, manufacturers, agro-industries, infrastructure development, and the financial sector.