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Japanese firms to boost investments in Morocco: official

Xinhua, May 4, 2017 Adjust font size:

A Japanese senior official said here on Thursday that Japanese companies are set to increase investments in Morocco to seize growing economic opportunities in the country.

"Japanese enterprises can contribute to the investment momentum in the kingdom in multiple sectors," Shunsuke Takei, Japan's parliamentary vice-minister for foreign affairs, said after his meeting with Morocco's Industry, Investment and Digital Economy Minister Moulay Hafid Elalamy.

according to Takei, Japanese companies operating in Morocco, especially in the sectors of car making and electronics, quadrupled in recent years, and have created 40,000 jobs for Moroccans.

For his part, Elalamy highlighted the fruits of Morocco's industrial acceleration plan and its beneficial impact on car industry, aeronautics and electronics.

He said Morocco is forging ahead to strengthen its regional position as a financial hub and boasts a growing high-tech industry targeting emerging markets.

Takei is heading a delegation of 50 business leaders on a visit to Morocco. Endit