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Morocco's Role in Belt & Road Initiative
Morocco’s participation in China’s Belt & Road Initiative highlights its commitment to economic cooperation and connectivity. Key initiatives include:
History
Strategic Sino-Moroccan Partnership
In May 2016, His Majesty King Mohammed VI and His Excellency the President of the People’s Republic of China, His Excellency Xi Jinping, signed a formal joint declaration, thereby solidifying the establishment of a strategic partnership between the Kingdom of Morocco and the People’s Republic of China.
MILESTONES
Significant milestones in the Morocco-China partnership include the 2016 joint declaration, 2019 Belt and Road summit agreement, SATT 2020 Investment Protocol, and the 2023 launch of Tanger Tech development company (SATT)
Establishment of Strategic Partnership
Framework Agreement on the Cooperation
During the Belt and Road summit, China Communications Construction Company (CCCC) and Tanger Tech Development Company (SATT) sign a framework agreement on the cooperation, laying the groundwork for collaboration between the two entities.
Signing of Investment Protocol and Shareholders Agreement
CCCC and the Moroccan side sign the Investment Protocol and Shareholders Agreement, solidifying their commitment to jointly investing in projects and initiatives in Morocco.
Official Launch of Tanger Tech Development Project
The board of directors for Tanger Tech Development Company (SATT) officially launches the project, marking a significant milestone in the collaboration between Morocco and China. This marks the beginning of concrete efforts to develop Mohammed VI Tanger Tech City
