By Jacqueline Nyingchia
The Minister of Economy, Planning, and Regional Development (MINEPAT), Alamine Ousmane Mey, and the Director General of the Islamic Center of Trade (ICDT) in Morocco, Latifah Elbouabdellaoui, have discussed potential investment opportunities between Cameroon and Morocco.
During an audience on September 25 at MINEPAT, both officials focused on strengthening the existing economic, social, and commercial ties between the two countries. Elbouabdellaoui shared her satisfaction with the fruitful relations and collaborations While Minister Ousmane Mey equally disclose to him the number of investors available in Cameroon.
Following the meeting, Elbouabdellaoui expressed her heartfelt gratitude for the successes and achievements of the bilateral relationship. She highlighted the favorable investment climate in Morocco and its alignment with international standards.
“It was an occasion to present to Cameroon the climate of affairs extremely interesting and its link with international standards,” Elbouabdellaoui said.
Reaffirming Cameroon’s commitment to pursuing reforms aimed at improving the business climate and welcoming more foreign investment, the Minister of the Economy, Planning and Regional Development stressed the importance of international cooperation, particularly with Islamic countries, for Cameroon’s economic development.
Discussions also centered on the economic and investment forum held on September 24 in Yaoundé. The event, themed “Investing in the New Cameroon: Land of Attractiveness,” attracted investors from around the world, particularly those from member countries of the Organization of Islamic Cooperation (OIC).
The forum was the result of a strategic partnership between the Cameroon Investment Promotion Agency (API) and the Islamic Center for the Development of Trade. This relationship between the OIC and Cameroon is expected to open new avenues for partnerships in various domains.
The Islamic Center for Development Trade (ICDT), a pivotal institution within the Organization of Islamic Cooperation (OIC), is dedicated to fostering trade development among Islamic countries. Through initiatives like the ICDT Invest Days, the ICDT actively promotes economic opportunities in emerging markets, including Cameroon.
This growing relationship between Cameroon and OIC member countries presents exciting prospects for establishing strong partnerships in sectors such as agriculture, renewable energy, manufacturing, and more.
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