The Virginia Economic Development Partnership International Trade team hosted a conference on Wednesday, August 24th, to talk about business opportunities in Morocco. The guest speaker for the event was David Garay, Managing Partner of Indegate Consulting in Casablanca. The event was held online as part of the VEDP’s program to promote international trade.
From his office in Casablanca, Mr. Garay spoke extensively and enthusiastically of the many advantages of doing business in and through Morocco as entryway to Africa for international business development. Economic insights and opportunities of Morocco and Africa highlighted by Mr. Garay included:
- Morocco has multiple free trade agreements with the EU, US, and Africa, and is in negotiations with Canada
- Morocco is a multilingual country with English, French, Spanish, and Arabic used throughout the business community
- Morocco has 38 ports, including Tanger — the largest port in North Africa. Tanger handled 9 million TEUs in 2021
- Casablanca Airport is the #1 Europe-Africa hub airport
- The country has a modern infrastructure, including 2000km of motorways, the first high-speed train in Africa connecting Tanger and Casablanca, and tramways in Rabat and Casablanca
- By 2030 Morocco is forecast to become the #1 car manufacturer in Africa
- 70% of the word’s phosphate reserves, used in fertilizer production, is found in Morocco
- The Morocco defense market is valued at $6.8B in 2022 and estimated to grow more than 6% in 2023-2027
- The Noor Solar Project is the largest African solar plant, leading the way in renewable energy in Africa
The VEDP will be hosting a trade mission to South Africa and Morocco from November 7th – 11th, 2022. Virginia-based companies can sign up for this event at the following link:
https://www.eventbrite.com/e/trade-mission-to-south-africa-morocco-2022-registration-298319972067
Previous VEDP international trade briefings are available at:
https://exportvirginia.org/resources?rtype=40
For further information regarding business in Morocco and Africa, contact David Garay and Indegate Consulting at the following:
(+212) 6 06 06 53 39
(+212) 6 56 60 66 73
Previous post
USGIF and BAE GEOINT at the Speed of Need Conference
Next post
NASA Small Business Conference