HM the King, UAE President Chair MoU Exchange Ceremony
MoU on Investment Cooperation in Relation to High-Speed Train Projects in the Kingdom of Morocco. Following the success of the first high-speed line in Africa connecting Tangier to Casablanca, Morocco aims to extend this line to Marrakech by 2029. To achieve this, both parties are working to develop innovative financing solutions based on partnership between their respective government entities and the public and private sectors,the first MoU was exchanged between UAE Minister of Energy and Infrastructure Souhail Mohamed Al Mazroui, and National Office of Railways Director, Mohamed Rabii El Khlie.
MoU on Investment Cooperation in the Water Sector, whereby both parties create investment opportunities and develop financing mechanisms for the construction of dams, seawater desalination stations, and interconnection of hydraulic basins, the second MoU was exchanged between Souhail Mohamed Al Mazroui and Equipment and Water Minister, Nizar Baraka.
MoU on Investment Cooperation in Developmental Projects; an economic and investment partnership framework between the two countries to promote several projects, including the reconstruction of areas impacted by the Al Haouz earthquake. This includes the installation of medical, social, educational, and university teaching structures, as well as the development of infrastructure, the third MoU was exchanged between Emirati Minister of Investment, Mohamed Hassan Souidi, and Minister-Delegate to the Minister of Economy and Finance, in charge of the Budget, Fouzi Lekjaa.
MoU on Investment Cooperation in the Energy Sector to facilitate cooperation with and between relevant government agencies and local or regional authorities, as well as public and private sector entities operating in the energy sector. Areas of cooperation include the development of energy production facilities from natural gas, the development of hydroelectric dams, and the development and strengthening of the national electricity transmission network from the South to the North of the Kingdom, the fourth MoU concluded between the Abu Dhabi National Oil Company (ADNOC) and the OCP Group was exchanged between Mohamed Hassan Souidi, and OCP Group CEO, Mostafa Terrab, while the fifth on investment cooperation in the energy sector was exchanged between Mohamed Hassan Souidi and Energy Transition and Sustainable Development Minister Leila Benali.
- MoU on Investment Cooperation and Partnership in the Agriculture and Fisheries Sectors; to create a framework for economic and investment cooperation in these sectors in Morocco. It aims to deepen economic partnership through projects that facilitate investment and explore opportunities for the implementation of joint projects in agriculture and fisheries resources, the sixth MoU was exchanged between UAE's Minister of Climate Change and Environment Mariam bint Mohammad Al Mheiri, and Morocco's Minister of Agriculture, Fisheries, Rural Development, Water and Forests, Mohamed Sadiki.
- MoU on Investment Cooperation in the Airports Sector; to finance airport projects in the Kingdom and promote the exchange of skills and expertise, the seventh was exchanged between Mohamed Hassan Souidi and Minister of Transport and Logistics Mohamed Abdeljalil.
- MoU on Investment Cooperation in the Ports Sector; to encourage investment opportunities and other innovative mechanisms for financing projects in the ports sector in Morocco, particularly the Dakhla Atlantique and Nador West Med port complexes, the eighth MoU was exchanged between Mohamed Hassan Souidi and Nizar Baraka.
- MoU on Investment Cooperation in Relation to Nigeria-Morocco Gas Pipeline Project, whereby the UAE, both financially and technically, contributes to the realization of the Morocco-Nigeria gas pipeline project, the ninth MoU was exchanged between Souhail Mohamed Al Mazroui and Managing Director of the National Office of Hydrocarbons and Mines, Amina Benkhadra.
- MoU on mutual cooperation in the financial and capital markets sector; to establish an expanded partnership between public and private sector entities with the aim of strengthening and revitalizing financial markets and capital in both countries, the tenth was exchanged between Mohamed Hassan Souidi and Minister of Economy and Finance, Nadia Fettah, while the eleventh MoU on investment cooperation in the tourism and real estate sector was exchanged between Mohamed Hassan Souidi and Minister Delegate to the Head of Government in charge of Investment, Convergence and Evaluation of Public Policies, Mohcine Jazouli.
- MoU on Investment Cooperation in the Tourism and Real Estate Sector, establishing an economic and investment partnership in these sectors in Morocco and facilitating the sharing of technical knowledge, advice, skills, and expertise between the two parties. This partnership includes, for example, the Marchica Med project.
- MoU on Investment Cooperation in Data Centre Projects. The preliminary phase involves 100 megawatts with the prospect of reaching a total capacity of nearly 500 megawatts in the future. This memorandum also covers the exploration of incentive measures to further promote investment in this field, the twelfth MoU was exchanged between Mohamed Hassan Souidi and Mohcine Jazouli.
Signed by Moroccan officials and their Emirati peers, these MoUs will give strong impetus to Morocco-UAE cooperation and testify to the deep and excellent bilateral relations as well as the will of the two Heads of State, HM King Mohammed VI and HH Sheikh Mohammed Bin Zayed Al-Nahyan, to consolidate the multidimensional strategic partnership between the two brotherly countries.
The memorandum exchange ceremony was attended by members of the official delegation accompanying the Sovereign, as well as several senior Emirati figures.