Morocco: examining new operations for €200 million
Within the context of a Ministry of Economic Development mission to Morocco, SACE announced that Italy was examining 200,000 euros in new investments. Italy’s current portfolio of Italian exports and investments ensured by SACE in Morocco are mainly concentrated in high risk industrial sectors such as mechanics, infrastructure and construction, in addition to the aeronautic and naval sectors, and amount to over 70 million eur. Italy is currently Morocco’s sixth largest supplier, with exports valued at over 1.5 billion EUR in 2013, marking an increase of 12% compared to 2013. SACE is placing its hopes on additional growth over the next two years, an important driver of which lies with the commitment of the local government, which is implementing programmes for investment attraction in sectors such as automotive, aerospace, new technologies, logistics and infrastructure – these latter pulled in by a mega-scale project for enlarging the Tanger-Med cargo port.
(Il Sole 24Ore Radiocor)