Page 156 - MOE ENGLISH PR REPORT - JULY 2024

It will also establish platforms for investment and private-sector collaboration in priority sectors
such as renewable energy, tourism, infrastructure, mining, food security, transport, logistics, and
ICT.

The two nations shared $1.3 billion in non-oil trade in 2023, an increase of 30 per cent on 2022
and 83 per cent more than was recorded in 2019. The UAE is the largest Arab investor in
Morocco with more than $15 billion invested in a variety of strategic projects.

Dr Thani Bin Ahmed Al Zeyoudi welcomed the latest step in the UAE’s foreign agenda. He said,
“The UAE-Morocco Comprehensive Economic Partnership Agreement is a valuable addition to
our CEPA programme. Our two brotherly nations already enjoy strong bilateral economic
relations, and this agreement will enable us to further develop areas of mutual benefit,
particularly in sectors such as tourism, energy, manufacturing and agriculture, and generate
long-term prosperity for both peoples. Morocco is one the largest and most competitive
economies in Africa and we look forward to working in unison to create new opportunities for our
private sectors.”

Ryad Mezzour, Minister of Industry and Trade of the Kingdom of Morocco, stated, “I signed
today with my brother, Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, a joint
declaration announcing the conclusion of negotiations between our two countries on a
Comprehensive Economic Partnership Agreement.

https://gulftoday.ae/business/2024/07/29/uae-chilean-presidents-witness-signing-of-economic-
partnership