Dubai: Morocco’s Minister of Transport is in the UAE this week looking to drum up interest among Gulf investors ahead of the Annual Investment Meeting (AIM) in Dubai later this month.
The North African country expects it will need around 200 billion Moroccan dirhams (Dh73 million, $20 billion) of investment for its rail network over the 25 years, said Aziz Rabbah, Morocco’s Minister of Equipment, Transport and Logistics.
That includes investment in city, intercity and logistic railway infrastructure as well as high speed trains.
Rabbah used a speech at a conference at Middle East Rail in Dubai on Tuesday to invite investors to Morocco.
Asked later whether he was looking to attract investment from the Gulf he said, “Of course.”
Rabbah is on a two-day visit to the UAE but will return at the end of the month with a “big delegation” for the AIM conference. He said the delegation will include representatives from the tourism, industry, energy, and infrastructure and logistics sectors.
Rabbah did not state how much investment Morocco is hopefully of attracting during his current visit or when he returns to the UAE later this month.
