In a story published on its website under the title "Morocco-Gulf Countries Relations: A Multidimensional Strategic Partnership", the media outlet stresses that, according to some projections, direct investments from Gulf countries in Morocco should increase from 5 billion dollars currently to 120 billion dollars over the next decade.
Quoting economists and observers, Sky News Arabia notes that the promising sector strategies that Morocco has committed to implement in recent years, such as the industrial acceleration plan and the Green Morocco Plan among other examples, will make the Morocco-Gulf partnership a success.
In the food and agriculture sector, the media outlet stresses that "Morocco has a large institutional arsenal and offers extremely important incentives for the development of the agricultural sector, while the Gulf countries have significant experience in the mechanization and development of agriculture as well as funds to invest.
Morocco is also bound by a strategic cooperation agreement with the countries of the Gulf Cooperation Council (GCC), which was signed in Riyadh in 2012.
This agreement, which covers the fields of politics, economy, investment, trade, tourism, security, cultural and scientific cooperation, has been renewed until 2024, according to the same source.