A Strengthened Strategic Partnership for Shared Development
Morocco and China enjoy dynamic and robust economic relations, marked by strategic agreements and joint projects that illustrate the depth of their cooperation. Since the signing of their strategic partnership in 2016, both countries have strengthened their ties across key sectors, including industry, transport, real estate, energy, and infrastructure. This partnership has contributed to enhancing trade relations and facilitating mutually beneficial, transformative investments.
The Belt and Road Initiative: A Key Pillar of Sino-Moroccan Cooperation
In 2017, Morocco became the first North African country to join the Belt and Road Initiative (BRI), reaffirming its commitment to closer economic ties with China. This cooperation has resulted in significant infrastructure projects, further establishing Morocco as a strategic gateway between Africa and Europe. Among these, the establishment of Citic Dicastal, a leading Chinese company in aluminum wheel manufacturing, in Kenitra stands as a testament to the flourishing industrial collaboration between Morocco and China.
Strategic Investments: Building a Platform for Mutual Growth
Chinese investments in Morocco, exceeding $56 million in 2022, are concentrated in strategic sectors such as industry, transport, real estate, energy, and mining. These investments reflect the growing confidence of Chinese enterprises in Morocco’s stable and business-friendly environment. A flagship example of this cooperation is the Mohammed VI Tanger Tech City, a joint venture that underscores Morocco’s role as an industrial and technological hub, connecting China to both African and European markets.
A Shared Vision for Sustainable Development
Sino-Moroccan cooperation extends into forward-looking sectors, particularly renewable energy and sustainable mobility. Morocco’s commitment to generating 52% of its energy from renewable sources by 2030 aligns with China’s vision for green technology. This alignment paves the way for joint ventures, such as the $1.3 billion agreement with Gotion High-Tech for the production of electric vehicle batteries in Kenitra, further positioning Morocco as a key production center for Africa and Europe in the transition to sustainable energy solutions.
Looking Ahead: A Lasting Partnership
The economic cooperation between Morocco and China rests on solid foundations and offers promising prospects for the future. Together, both nations are committed to promoting coordinated, innovative, and impactful actions that will further strengthen their strategic partnership. Through this collaboration, rooted in shared values and common objectives, Morocco and China are set to play pivotal roles in global trade, creating long-term growth opportunities and fostering sustainable development for both countries.