King Mohammed VI has issued directives to facilitate the return of Moroccan talents abroad and urged banks and public authorities to make it easier for them to invest in their homeland.
“Public institutions and the national finance and corporate sector are invited to open up to investors from the expatriate community, and, to this end, effective mechanisms to sponsor, accompany and partner with Moroccans residing abroad, for the benefit of all,”
The Monarch gave this directive in a speech marking the 69th anniversary of the Revolution of the King and the People.
He also stressed the need for upgrading the institutional framework governing Moroccans abroad and urged an enhancement of the role of existing institutions that serve expatriates.
In his words, “Morocco needs all its sons and daughters today. It needs all the skills and expertise of the Moroccan community abroad, either to reside and work in Morocco or to engage in different partnerships, from the country of residence”.
The monarch added, “I, therefore, insist on the need to create a lasting structural connection with Moroccan experts and talents abroad, including Moroccan Jews”.
However, investigations showed that the number of the Moroccan community living abroad is estimated at 5 million people, in addition to hundreds of thousands of Jews of Moroccan descent.
The King further maintained “I call once again on Moroccan youths and on project holders residing abroad to make the most of the numerous investment opportunities in Morocco, as well as the incentives and guarantees offered by the new investment charter”.
