Egypt Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Share
Egyptian-Moroccan Business Council launches digital investment platform: The Egyptian-Moroccan Business Council has launched an interactive digital platform to connect investors from the two countries and boost cross-border trade, according to a statement. The platform will include a database of projects, hold virtual meeting spaces, and offer AI-powered investment recommendations.
(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)
More efforts to boost trade: Members of the council put forward a number of steps to boost trade and investment between the two nations, which include a biannual investment forum, financing programs for startups, and a rural development initiative. Other initiatives include a startup bridge program for entrepreneurial exchange, an e-commerce platform for youth to sell products and services, the Green Youth Initiative for sustainable projects, and a cultural exchange program for smart agricultural labs and cross-border incubators.
The push for greater economic cooperation comes after last month’s spat over trade imbalances: Egypt sent a high-level delegation to Rabat at the end of last month to push for the removal of recent restrictions that had left Egyptian exports piling in Morocco’s ports for two weeks, a government source told EnterpriseAM last month. Nearly 150 containers loaded with ceramics, food products, and insulation materials were said to be stuck at Moroccan ports in an effort to address a trade imbalance that is currently in favor of Egypt.
That’s no longer an issue: Egyptian exports are entering Morocco smoothly and vice versa, head of the Egyptian-Moroccan Business Council Nizar Abu Ismail said.
Remember: Egypt and Morocco agreed to establish a direct line of communication to address any trade issues that arise, fast track Moroccan exports into Egypt, and increase efforts to promote Egyptian imports of Moroccan-made goods — especially for automobiles. This came during Investment Minister Hassan El Khatib’s visit to Morocco late February.
