Highlights

Mr. Salaheddine Mezouar, chaired the closing ceremony of the Nasdaq National Market : 16/08/2011

Mr. Salaheddine Mezouar, chaired the closing ceremony of the Nasdaq National Market

Morocco is the special guest at the Nasdaq in New York. To this effect, Mr. Salaheddine Mezouar, Minister of Economy and Finance chaired Thursday, May 26th 2011, the closing ceremony of the largest financial electronic market in the world.

Being the first World Stock Exchange in terms of transactions, the Nasdaq now covers all economic sectors.

Thirty years after its inception, it has the largest number of listed companies in the world, like Microsoft, Intel and Cisco.

This highly symbolic event, in which a delegation, including the Minister of Economy and Finance, the Minister of Tourism and Handicraft and several heads of public and private companies took part, was preceded by a promotion action of the economic potentials and advantages of Morocco.

At the conference, Mr. MEZOUAR presented the performance of the national economy over the last decade while recalling all the reforms that have been conducted. For his part, Mr. ZENAGUI asserted the potential of tourism sector in Morocco and highlighted the Kingdom`s strategy in this sector "vision 2020".

Parallel sessions were organized, subsequently, to promote economic key sectors.

In this context, several major national groups (OCP, Attijariwafa bank, BMCE, BCP, CDG, SMIT, Addoha, Alliances Development Agency, Moroccan Solar Energy Company (MASEN) and energy Investment Company) presented their domains of activity to their American counterparts.

The conference was characterized by the participation of leading international banks, the largest investment funds and by the presence of American media.

During this meeting, Moroccan officials highlighted the investment opportunities in Morocco in view to strengthen the Moroccan-American partnership within the framework of Free Trade Agreement linking Morocco to the United States.

For this purpose, the Directors and the managing board of AMDI, MASEN and the Casablanca Stock Exchange presented the potential and advantages of the Moroccan market. In 2010, trade between Morocco and the United States was estimated at over 2.6 billion dollars according to the U.S. Department of Commerce (USDC).