If there is a suitable investment opportunity, Orascom Investment Company CEO Naguib Sawiris has stated his willingness to invest $100 million in Morocco.
While attending the African Economic Forum (Choiseul) in Casablanca, the Egyptian billionaire made the following statement to Al-Sharq: “We will enter the Moroccan market in the future years. investments made in the first stage that exceed $100 million.
Sawiris added that the focus will be on technology, particularly the charging of electric automobiles, when he remarked: “Morocco is getting ready to develop a facility for electric vehicle batteries. The undertaking.
“Our company invests in alternative solar energy, and Morocco offers a significant opportunity in this area,” he concluded.
The same holds true for the development of food industry ventures. As an illustration, consider the sugar factory we own and operate in Egypt. These are all significant prospects, but we do not yet have a firm commitment to any one particular project.
The meeting between Sawiris and the Moroccan Minister of Investment will be made public.
The President of “Orascom Investment,” according to Al-Sharq channel, called the investment in electric car shipping stations in Africa “the future,” referring to talks he will have with numerous African governments to hold the lead in this field.
Al-Sharq channel, the source.
An Egyptian billionaire is considering investing $100 million in Morocco as a first payment.
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