Luxembourg has identified new investment opportunities in Morocco across green finance, renewable energy, aerospace and logistics, following a four-day economic mission aimed at strengthening ties with one of its key African partners, officials said Thursday.
The visit, led by Luxembourg’s Economy Minister Lex Delles, brought a delegation of around 40 representatives from government agencies and 22 companies to Casablanca, Rabat and Marrakech from May 4 to 7.
Officials said the mission produced new cooperation leads in strategic sectors as both countries seek to deepen economic relations amid growing European interest in Africa’s expanding industrial and infrastructure markets.
“Morocco confirms its role as a leading economic partner in Africa, with strong ambitions in strategic sectors,” Delles said at the end of the visit. “This mission allowed us to identify avenues to deepen our economic relations.”
Luxembourg already ranks among Morocco’s top 10 foreign investors, while Morocco is considered one of Luxembourg’s most active African partners, according to officials involved in the mission.
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The delegation included companies active in construction, technology, industry and logistics, alongside institutions coordinated by the Luxembourg Chamber of Commerce, the Luxembourg Trade and Investment Office in Casablanca, and the Luxembourg Embassy.
During the visit, Luxembourg officials held high-level talks with Moroccan counterparts, including Industry and Trade Minister Ryad Mezzour and Economy and Finance Minister Nadia Fettah Alaoui.
Discussions focused on renewable energy, logistics, industrial development and green finance, with both sides highlighting opportunities for joint projects and increased private sector cooperation.
In Rabat, talks centred on financial cooperation and innovation, with officials confirming a shared interest in strengthening links between the two countries’ financial centres and supporting sustainable investment flows.
The delegation also visited Mohammed VI Polytechnic University (UM6P) and its StartGate incubator, which has become a key hub for innovation and startup development in Morocco. The visit followed an academic cooperation agreement signed earlier this year between UM6P and the University of Luxembourg.
At the industrial level, the mission included a meeting with the Moroccan Aerospace and Space Industries Group (GIMAS), which represents around 150 companies and more than 26,000 jobs in the country’s growing aeronautics sector. Discussions explored potential collaboration in aerospace manufacturing and supply chains.
Officials said the mission also featured a Morocco-Luxembourg Economic Forum organised with the General Confederation of Moroccan Enterprises, bringing together public and private actors to explore sector-specific partnerships.
A separate session highlighted 12 Moroccan startups working in fintech, health technology, artificial intelligence, mobility and climate-related innovation. The companies are expected to participate in a trade fair in Luxembourg later this year.
Delegates also met representatives of Morocco’s National Airports Authority and the National Agency for Public Equipment, and visited major infrastructure projects including the Mohammed VI Tower in Rabat.
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Luxembourg-based firms already have a presence in some Moroccan infrastructure projects, including steel supplied by ArcelorMittal for the Rabat tower development.
Officials said the mission built on a series of earlier engagements, marking the fourth major official visit between the two countries since 2015. A previous visit in 2022 was led by then-Crown Prince Guillaume, now Grand Duke of Luxembourg, alongside senior government officials.
The timing of the mission reflects Morocco’s strong economic momentum. The International Monetary Fund projects 4.4 percent GDP growth in 2026, while national forecasts are slightly higher.
Foreign direct investment has also risen sharply, with inflows increasing significantly in recent years as Morocco expands industrial zones, ports, rail networks and digital infrastructure, and prepares to co-host the 2030 FIFA World Cup with Spain and Portugal.
Officials from both countries said these developments create new entry points for European investors, particularly in energy transition, advanced manufacturing and logistics.
The Luxembourg delegation said it would now work to turn discussions into concrete projects, with follow-up meetings expected in both countries in the coming months.
