20 August 2014

Morocco: HM King Mohammed Vi - Morocco Stands Out As Model in Taking Advantage of Positive Changes

Rabat — Morocco stands out as a model in taking advantage of all the positive changes that have been operated during its history, HM King Mohammed VI said.

"Over the last 15 years, our country has managed to consolidate its democratic process and lay the foundations for a comprehensive, sustainable development model based on a combination of structural projects and sustainable human development", the Sovereign said in a speech to the nation on the 61st anniversary of the King and People's Revolution Day.

Wondering where Morocco can be classified among emerging nations, the Monarch said "there is no single model of an emerging nation. Each country has its own development process, which is based on its human, economic and natural resources, as well as on its cultural heritage. It is also contingent on the obstacles and difficulties each nation has to face".

In the case of Morocco, "our national economy has witnessed profound structural changes, together with large-scale diversification in all areas of production. It has consistently achieved high growth rates and managed to maintain balance, despite the impact of the world economic crisis", the Sovereign pointed out.

HM the King highlighted the sectoral strategies that "have made it possible to achieve tangible results and have a clear vision as to how to reposition the national economy at the regional and international levels".

In this respect, the Sovereign mentioned, inter alia, the "Green Morocco Plan" and the "Halieutis Plan", which helped Morocco to obtain a Food and Agricultural Organization award for meeting the Millennium Goal on poverty and the fight against hunger two years ahead of the deadline.

The monarch also recalled the "Industrial Acceleration Plan", the infrastructure projects, such as the Melloussa-Tangier Industrial Zone, the Moroccan solar and wind power scheme, which are some of the projects that have contributed to consolidating the place of the national economy.

Morocco "needs to take a few more steps to confidently move forward and join emerging nations", the Sovereign noted, saying that the country has already become an international trade hub, thanks to its economic openness policy.

"This is corroborated by fruitful partnerships concluded with Arab countries, particularly Gulf Cooperation Council Member States and with sub-Saharan African countries (Morocco being the second investor in the African continent), the Advanced Status granted to the Kingdom by the European Union, the free trade agreements signed with a number of countries, in particular the one with the United States of America, the strategic partnership with Russia that we are seeking to deepen, and the partnership with China that we are working on", HM the King added.

The monarch also expressed His satisfaction with the contribution made by a number of private companies and public institutions to promote the national economy, at home and abroad.

In this respect, the Office Chérifien des Phosphates (OCP) is a model, thanks to its effective national and international strategy, clear vision and sound, efficient management, HM the King noted.

These factors have "consolidated Morocco's position in the global phosphate market. The latter has become a universal focus because of its close link to food security", the Sovereign added.

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