Kuwaitis urged to invest in Morocco's agricultural sector

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Director of the ministry's directorate for promoting production chains Nabil Shawky
KUNA | 31 October 2015

Kuwaitis urged to invest in Morocco's agricultural sector
 
ERFOUD, Morocco, Oct 31 (KUNA) -- A senior official at the Moroccan Ministry of Agriculture and Fisheries has urged Kuwaiti private sector and businessmen to direct investments to the agricultural sector in the Kingdom.
 
Director of the ministry's directorate for promoting production chains Nabil Shawky made the call in an interview with KUNA on Saturday on the sidelines of the last day of the 6th international forum for dates.
 
The sector offers high margins of profits, making use of the large incentives offered by the government, cultivated land, long-term rent contracts and tax exemptions.
It is a promising sector, a priority on the government's agenda, Shawky said, referring to the "Green Plan," for agriculture.
 
He said that the businessmen environment in Morocco is more suitable for the Kuwaiti capital.
 
Shawky expressed hope for enhancing agricultural cooperation between the two countries, raising it to the level of their political and economic ties.
He said the Kingdom bets on Kuwait and other Gulf markets for exporting high-quality dates.

Dates exports to the Gulf market are below expectations, though they hit 200 tons over the past two years.

The forum was opened on Thursday with the participation of 220 exhibitor from 15 countries.
Original source: KUNA
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