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Moroccan Minister Nadia Fettah Advocates Economic Diversification for Growth at Davos
Moroccan Minister of Economy and Finance, Nadia Fettah Alaoui, delivered a compelling message at the World Economic Forum in Davos, emphasizing the critical need for economic diversification with a strategic focus on industry and tourism to foster growth.
In an exclusive interview with CNBC Arabia, Minister Nadia Fettah underscored the imperative of restoring confidence among both domestic and foreign investors. She highlighted that building this confidence is essential for generating employment opportunities and expediting overall economic growth.
Addressing global economic challenges, Minister Nadia Fettah detailed the government's proactive measures, including efforts to counter the impact of drought and contain inflation. She asserted that maintaining fiscal balances remains a top priority in the face of these challenges.
Emphasizing the crucial role of diversifying the national economy beyond its existing sectors, she considers it instrumental in driving sustainable and inclusive growth in the foreseeable future. Minister Nadia Fettah outlined comprehensive plans to bolster manufacturing capabilities and expand the country's tourism offerings, aiming to reduce dependence on more volatile economic sectors.