The Moroccan Economy in Brief: Wednesday, January 13, 2021

A Saudi-Moroccan investment fund in gestation:
A working meeting of the Morocco-Saudi Business Council was held this Tuesday at a distance, devoted to the examination of the means to be deployed for the reinforcement of economic and commercial cooperation and partnership between the business communities of the two countries. During this working session, the co-chairman of the Council, Khalid Benjelloun, made a number of recommendations, including the identification of priority sectors of economic cooperation between Morocco and Saudi Arabia, the easing of administrative formalities for exports and imports for businesses in both countries and the creation of a joint committee to address the obstacles that hinder trade and investment.

Morocco has invested MAD 32 billion in liquid sanitation in 15 years:
A total of MAD 32 billion has been invested over 15 years in the liquid sanitation program, said Tuesday in Rabat the Minister of Energy, Mines and Environment, Aziz Rabbah. In response to an oral question on "Wastewater Treatment Plants," presented by the Authenticity and Modernity group to the Chamber of Councillors, the minister stressed that liquid sanitation is one of the most important subjects to which the ministry pays particular attention, adding that this program is not new since it has recorded significant investments reaching about 32 billion dirhams in 15 years, or 2 billion dirhams annually.

Moncef Belkhayat is preparing 2 IPOs:
According to media sources, Dislog Group is preparing to go public on the Casablanca Stock Exchange, with the objective of raising funds and thus pursue its development. Contacted by our colleagues Infomediaire Maroc, Moncef Belkhayat, President of Dislog Group, confirmed the information. Our ambition is to list Hygienic Modern Industries (HMI) on the stock market in 2022 and Dislog distribution & logistics in 2024."

The Competition Council signs an MoU with Turkey:
The Competition Council and the National Competition Authority of the Republic of Turkey signed on Tuesday by videoconference a Memorandum of Understanding (MoU) aimed at promoting bilateral cooperation between the two institutions in the field of competition policies and the enforcement of competition laws in force in both countries. Signed by the President of the Competition Council, Driss Guerraoui, and the President of the National Competition Authority of the Republic of Turkey, Birol Küle, this MoU highlights the importance of international cooperation in the field of competition law enforcement, particularly in the areas of combating cross-border anti-competitive practices.

DGCT launches audit of regional councils:
The General Directorate of Territorial Communities (DGCT) is organizing, this Wednesday, January 13, a webinar to launch the project of setting up the internal audit channel within the councils of the 12 regions of the Kingdom. This project is conducted in partnership with the French Development Agency (AFD) and with the support of the General Inspectorate of Territorial Administration (IGAT) and the Association of Regions of Morocco (ARM).