11/20/2014 (press release: media1press) // Morocco News Review
The fifth annual Global Entrepreneurship Summit (GES 2014) opened this Wednesday in Morocco’s resort city of Marrakech.
This three-day summit, held in partnership between Morocco and the United States, brought together more than 3,000 business leaders and politicians from around the world, with a focus on the role of technology in innovation and entrepreneurship.The holding of this Summit was decided by HM the King and President Obama during the Sovereign’s visit to Washington in November 2013, the aim being to set innovation, an essential source of competitiveness, as a top priority of this Initiative and encourage the establishment of a strategy for inclusive growth.
It is also part of the willingness of both Heads of State to develop a strategic triangular cooperation in Africa, particularly in the fields of access to energy and food security.
The fifth annual Global Entrepreneurship Summit opened with a special tribute to women entrepreneurs by celebrating the “Women’s Entrepreneurship Day” (WED/Nov. 19), a global movement to celebrate, empower and support women entrepreneurs worldwide.
Speaking on the sidelines of the 5th edition Global Entrepreneurship Summit, US Secretary of Commerce Penny Pritzker hailed the leadership of HM King Mohammed VI in encouraging entrepreneurship and women entrepreneurs, noting that Morocco’s achievements in this area are “truly fantastic”.
Pritzker said she was “delighted” to take part in this international event, the first of its kind in the African continent. The US senior official also welcomed the efforts made by Morocco to enhance business climate as part of an “absolutely attractive approach” for the American business community, especially in light of the 2006 free trade agreement between Rabat and Washington which is a foundation for further business partnerships.
US Secretary of Commerce highlighted US businesses readiness to invest in Morocco, a country with favorable business environment, as evidenced by the presence in the Kingdom of some 150 US companies which ensure around 100,000 jobs.
In this respect, she noted that Morocco attracts both large multinational corporations and small US companies that provide their services and expertise.
Concerning Morocco’s win-win partnership strategy in Africa, Pritzker said that Morocco and the US can “certainly” work together in order to strengthen this virtuous circle, thanks to HM the King’s vision to make the Kingdom Africa’s hub and a gateway.
US Secretary of Commerce added that she appreciates the role of Moroccan women entrepreneurs as evidenced by the strong female participation in the GES in Marrakesh, recalling in this context that the Obama administration works to promote entrepreneurship and innovation in the world.
The opening of Fifth Global Entrepreneurship Summit in Marrakech at which US Vice President Joe Biden is slated to deliver the keynote address, coincided with a meeting at the Royal Palace in Fez between HM King Mohammed VI and the US Vice President at an audience attended by diplomatic and political leaders from both countries.
The talks between HM the King and the US Vice President focused on strengthening the strategic partnership between Morocco and the USA.
The talks also touched on the latest developments of the Moroccan Sahara issue, as well as regional and international issues, particularly the situation in the Sahel and the Middle East, including the Arab-Israeli conflict.
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