KUWAIT: Kuwait’s investments in Morocco amount to at least $1.5 billion, Minister of Finance and Minister of State for Economic Affairs and Investment Dr Anwar Al-Mudhaf said Tuesday. Speaking to reporters in remarks following attending the Moroccan Embassy in Kuwait’s festival marking the 25th anniversary of King Mohammad XI's assumption of power, the minister conveyed the greetings of His Highness the Amir Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah and His Highness the Crown Prince Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah, as well as His Highness the Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah on the occasion.
Al-Mudhaf affirmed that Kuwait-Morocco sisterly relations are well-established, adding that Kuwait has a positive outlook towards investment in Morocco. Kuwait and Morocco cooperate in several economic issues, he said, referring to the Kuwait Fund for Arab Economic Development’s financing of a number of infrastructure projects in Morocco. Meanwhile, Morocco’s Ambassador to Kuwait, Ali bin Issa, extolled Kuwait’s firm position for the unity and territorial integrity of Morocco. He stressed that he would work on enhancing bilateral ties to reach advanced levels of cooperation and integration.
‘Throne Day of King’
On July 30, 2024, the Moroccan Embassy in Kuwait celebrated the Throne Day of King Mohammed VI’s succession, marking the silver jubilee. The celebration underscored the enduring bond between the Moroccan people and the monarchy, highlighting the King’s pivotal role in upholding Morocco’s sovereignty, territorial integrity, and national identity. Over the past 25 years, King Mohammed VI has played a crucial role in safeguarding Morocco’s core values and national unity.
The occasion provided an opportunity to review Morocco’s notable achievements under King Mohammed VI’s leadership. Under his vision, Morocco has experienced significant transformation, emerging as a symbol of peace and stability at the crossroads of Africa, the Middle East, and Europe. During the occasion, Moroccan Ambassador Ali Ibn Issa, highlighted key accomplishments during this period, which include the introduction of the Mudawana (new family code) in 2004, which marked a significant advancement in gender equality by granting women additional rights.
That same year saw the establishment of the Equity and Reconciliation Commission, addressing past injustices. In 2011, Morocco adopted a new constitution, reinforcing participatory democracy by emphasizing the separation of powers, transparency, and adherence to international standards. Additionally, Morocco’s autonomy plan for the southern provinces, submitted in 2007, has gained considerable international support, further strengthening the country’s diplomatic position on the issue of the Moroccan Sahara.
He also said that Morocco has actively engaged in diplomatic efforts to promote peace, playing a role in mediating conflicts across Africa and the Middle East. The country has supported constructive initiatives to aid Palestinian people, particularly in response to the challenges faced in Gaza. The Kingdom has also focused on diversifying its international partnerships.
Since its return to the African Union in 2017, Morocco has been committed to continental development and solidarity. Recent notable efforts include strengthening relations with traditional allies and forging new connections. The Moroccan-Kuwaiti trade and cultural events held in May 2024 exemplify this commitment, showcasing Moroccan cultural heritage and bolstering cooperation in investment, trade, and cultural exchange.
The Ambassador concluded, with emphasizing that the Throne Day celebration not only honored King Mohammed VI’s 25-year reign but also highlighted Morocco’s remarkable progress and international outreach. The ongoing collaboration with Kuwaiti partners and other global allies reflects Morocco’s dedication to mutual growth and shared prosperity. - KUNA