info.afrindex.com
China-Africa Trade Information Service
info.afrindex.com
China-Africa Trade Information Service
Photo from Morocco World News
Head of Moroccan Government El Othmani attended the Beijing Summit of the Forum on China-Africa Cooperation from September 3rd to 4th.
El Othmani invited Chinese businessmen to invest in the kingdom and Africa as a whole to bring more progress for the continent.
According to the report, Chinese business leaders have invested in Morocco because of the country's "stability" and have expressed a desire for future partnerships with Moroccan stakeholders.
El Othmani met a number of major industrial leaders, including Ren Zhengfei, CEO of multinational IT company Huawei, and the chairman of China Energy Engineering Corporation,Wang Jianping.
The two-day summit, held September 3-4, aims to build a bridge between Asia and Africa to deepen cooperation between the two continents.
Morocco is open to initiatives aiming to boost cooperation between the two countries and improve the economy in Africa, such as "The Belt and Road Initiative."
China's ambassador to Morocco, Li Li, said that Morocco provides an ideal platform for Chinese companies looking for new markets.
China pledged to invest $60 billion in African countries for the continent’s economic development.
The fund includes ￥20 billion for credit lines, $15 billion to finance imports of goods to Africa, and $10 billion from Chinese companies choosing to invest in the continent over the next three years.
