Morocco aims to double economic ties with Kuwait as investments soar

Monday 15 September 2025 - 07:50

By: Dakir Madiha

Morocco aims to double economic ties with Kuwait as investments soar

Morocco is actively pursuing a significant expansion of its economic exchanges with Kuwait, targeting a twofold increase in trade and investment partnerships. Ali Benaissa, Morocco's ambassador to Kuwait, emphasized the commitment of both nations to strengthening their economic cooperation during the inaugural session of the Kuwait-Morocco Economic Forum in Kuwait City.

The two-day forum, organized by the Moroccan Agency for Investment and Export Development (AMDIE) and the Moroccan Exporters’ Association, serves as a strategic platform to foster collaboration between Moroccan and Kuwaiti businesses. Held in partnership with the Kuwait Chamber of Commerce and Industry, the event brought together prominent business leaders and officials to explore opportunities for mutual growth.

Benaissa highlighted the historical ties and robust bilateral relations between the two countries, stressing the importance of Kuwaiti investments in Morocco. Over the past three years, Kuwaiti investments have surged to $1.5 billion, reflecting a growing interest in Morocco’s diverse economic sectors. Trade between the two nations has also seen remarkable growth, with Moroccan exports to Kuwait reaching MAD 216 million ($24 million) and Kuwaiti exports to Morocco totaling nearly MAD 1.3 billion ($140 million).

The ambassador pointed to Morocco’s evolving investment climate, which includes the implementation of a new investment charter and incentives aimed at attracting foreign investors. Simplified administrative procedures, tax benefits, and financial support have further boosted Morocco’s appeal as a business destination. He also noted the upcoming 2030 FIFA World Cup, which Morocco will co-host with Spain and Portugal, as a driver of large-scale investments, particularly in infrastructure and tourism.

The forum’s agenda includes B2B meetings and presentations on Morocco’s export offerings, spanning sectors such as agriculture, cosmetics, textiles, pharmaceuticals, and IT services. Products like olive oil, honey, and argan-based goods were showcased as part of Morocco's efforts to highlight its unique offerings to Kuwaiti businesses.

The event underscores Morocco’s strategic push to strengthen economic ties with Gulf nations and position itself as a gateway for international investors seeking opportunities in Africa and beyond.