Economy & BusinessEgyptian billionaire Amr Allam wants to invest in Morocco

Egyptian billionaire Amr Allam wants to invest in Morocco

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The CEO of Hassan Allam Holding, Egyptian businessman Amr Allam, plans to invest up to $150 million in Morocco in the renewable energy and seawater desalination sectors.

Speaking on the sidelines of Choiseul Africa Business, a forum organized on October 20 in Casablanca, the Egyptian billionaire expressed his desire to invest for the first time in Morocco, stressing that the country offered business opportunities that his company is ready to grab. This forum allowed him to “explore the opportunities available in the renewable energy and seawater desalination sectors”, he said.

The Egyptian billionaire thus refers to the “green partnership” signed on October 18 between Morocco and the European Union, to develop more sustainable growth and strengthen energy cooperation.

“We want to invest in Morocco because it is a sister country and open for business, ready to invest and we have international partners ready to enter with us as investors. said Amr Allam, recalling that another visit to the Kingdom is planned to meet with government officials.

The Moroccan Blog
The Moroccan Blog
The Moroccan Blog is an English based newsblog dedicated to Morocco. You can find here all news from Morocco across a variety of topics: Arts & Culture, Economy & Business, Lifestyle, Moroccan Sahara, MRE, Society, Tourism & Travel and more.

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