The visit of the Secretary of State for Trade, Amparo López Senovilla, Morocco has concluded with a positive balance in terms of strengthening the commercial and business relations between both countries. During two days of work in Casablanca and RabatLópez Senovilla has maintained an intense agenda of bilateral meetings with government authorities and representatives of the Moroccan private sector.
The main objective of the mission has been to explore the opportunities that the F2030 Soccer World Cup, whose joint candidacy was presented by Spain, Portugal and Morocco, offers for Spanish companies. The holding of the sporting event is expected to generate a wave of investments in infrastructure, digitalisation, technology and tourism, sectors in which Spanish companies have extensive experience and international recognition.
“We are convinced that the experience and capabilities of our companies will contribute to the success of these projects and further strengthen the relationship between Spain and Morocco,” stated Amparo López Senovilla during a business meeting organized in Discount.
During his visit, López Senovilla highlighted the Spanish Government's support for key projects in Morocco, highlighting the drive to modernize infrastructure and the participation of Spanish companies who have extensive international experience in this sector.
The meeting has served to promote the participation of Spanish companies in key projects for the development of Morocco, especially in sectors such as infrastructure, digitalization, technology and tourism.
"This support is demonstrated by the recent approval by the Council of Ministers of more than 750 million euros to finance a strategic project for the supply of rolling stock that we are sure will contribute significantly to the modernization of the Moroccan railway sector with a view to the 2030 World Cup," López Senovilla highlighted.
In addition, the Secretary of State has stressed the importance of Fund for the Internationalization of Businesses (FIEM) in Morocco and the recent approval of the loan in the railway sector, the award of which is in progress.
Spain is Morocco's leading trading partner, with a bilateral trade volume of more than 22.500 billion euros per year. In 2024, the Spanish exports to Morocco have grown by almost 6%, being one of the destinations to which our exports have increased the most. In addition, we have a trade balance with a surplus of more than 3.000 million euros.
There are more than 350 Spanish companies established in Morocco that have participated in emblematic projects in the country, generating employment and contributing to the development of the Moroccan economy. Spanish companies are well positioned in Morocco in areas such as energy, infrastructure, automotive auxiliary, banking and technology.
The visit by the Secretary of State for Trade has served to strengthen business ties between Spain and Morocco and open new avenues for collaboration within the framework of the 2030 World Cup. It is expected that the participation of Spanish companies in the development projects of the neighbouring country will contribute to further strengthening bilateral relations and generating mutual benefits for both economies.
Any questions about this news?
Talk to Coexia, the AI of the foreign trade
