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FIFA World Cup 2030: Unveiling Economic Prospects and Partnerships

FIFA World Cup 2030: Unveiling Economic Prospects and Partnerships
Saturday 18 May 2024 - 10:55
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The 2nd Business Forum organized by the Moroccan Business Association (IME) in Casablanca shed light on the development opportunities and job creation prospects presented by the 2030 FIFA World Cup. Discussions centered around strengthening economic partnerships between Morocco, Spain, and Portugal, with a particular emphasis on renewable energy and the sports industry.

Nabil Hourmatallah, Vice-President of the Casablanca-Settat Chamber of Commerce, Industry, and Services, underscored the necessity to accelerate joint investments among the three nations. He also highlighted Spain's position as Morocco's principal supplier, while Portugal plays a crucial economic role, with annual trade exchanges reaching nearly 60 billion euros.

Speakers, including Sonia Ventosa, President of the Official Chamber of Commerce of Spain in Morocco - Casablanca, and José Maria Teixeira, President of the Portuguese Chamber of Commerce, Industry, and Services in Morocco, stressed the pivotal role of small and medium-sized enterprises (SMEs) as economic drivers and the importance of public-private collaboration in strengthening Morocco's economic ecosystem. The forum also emphasized the significance of innovation, youth training, and entrepreneurial support to maximize the economic benefits of the 2030 FIFA World Cup.

Hourmatallah's remarks resonated with the forum's overarching theme, emphasizing the urgency of fostering cross-border partnerships and leveraging the collective strengths of Morocco, Spain, and Portugal. "The time is ripe for our nations to seize this golden opportunity and collaborate on innovative projects that will not only bolster our economies but also leave a lasting legacy for future generations," he stated.

Ventosa echoed these sentiments, highlighting the pivotal role of SMEs in driving economic growth and job creation. "SMEs are the backbone of our economies, and by nurturing their growth and fostering an environment conducive to entrepreneurship, we can unlock a wealth of opportunities across various sectors," she asserted.

Teixeira emphasized the significance of renewable energy and the sports industry as potential areas for collaboration. "The 2030 FIFA World Cup presents a unique platform for our nations to showcase their commitment to sustainability and innovation," he said. "By investing in renewable energy projects and leveraging our collective expertise in the sports industry, we can create a lasting impact that transcends the boundaries of the tournament itself."

The forum concluded with a call for concerted efforts to enhance youth training programs, facilitate knowledge transfer, and provide comprehensive entrepreneurial support mechanisms. Participants stressed the importance of nurturing a skilled and innovative workforce capable of capitalizing on the economic opportunities presented by the 2030 FIFA World Cup and contributing to the long-term prosperity of the region.


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