Marrakech InvestMarrakech Invest22,255 followers22,255 followers18h • 18 hours ago
9/2/2024
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We were delighted to welcome the Indonesian Parliamentary Friendship Group delegation to the Marrakech-Safi Regional Investment Center.
During their visit, we explored potential collaborations between Morocco and Indonesia by presenting the investment opportunities, and the attractive incentives Morocco and Marrakech-Safi offer investors. 🇲🇦🇮🇩
This exchange was a significant step toward strengthening the economic ties between Morocco and Indonesia.
hashtag#MarrakechSafi hashtag#InvestmentOpportunities hashtag#MoroccoIndonesia hashtag#InternationalCollaboration hashtag#CRIMarrakechSafi hashtag#EconomicPartnership
Indonesia – Bali – 2 septembre 2024 – 2ème Forum Indonésie-Afrique, qui se tient du 02 au 03 septembre à Bali, en République d’Indonésie.
- What is the real reason for 2ème Forum Indonésie-Afrique and what are the implications and results of it?
- How Morocco and the Rest of African countries benefit from such Forum
The 2nd Indonesia-Africa Forum (IAF), held from September 2-3, 2024, in Bali, aims to strengthen cooperation between Indonesia and African countries. This forum focuses on enhancing partnerships in key sectors such as health, energy, and strategic minerals.
This forum represents a significant step towards deeper and more fruitful cooperation between Indonesia and African nations, fostering sustainable development and mutual growth.
How do you feel about these developments?
What exactly, are sectors, industries, areas of cooperation, and domains of application, investments, and cooperation or collaboration in terms of strategic partnership and alliances between Indonesia?
The 2nd Indonesia-Africa Forum (IAF) aims to foster strategic partnerships and alliances across various sectors and industries. Here are the key areas of cooperation, along with specific numbers, data, and examples of realizations:
Indonesia is investing in agri-tech projects in Nigeria and Ethiopia, focusing on improving crop yields and sustainable farming practices. For instance, a $30 million project in Nigeria aims to enhance rice production. Morocco can collaborate with Indonesia on initiatives to improve food security and agricultural productivity.
Real Reasons for the Forum:
The forum seeks to boost economic ties by signing investment agreements and promoting trade between Indonesia and African nations. It aims to establish strategic partnerships in sectors like energy, health, and minerals, which are crucial for sustainable development. The forum emphasizes South-South cooperation, where developing countries support each other in achieving mutual growth and development.
The total value of agreements signed at the forum is expected to reach $3.5 billion, significantly higher than the $600 million from the first forum in 2018. Key projects include a geothermal project in Tanzania and a pharmaceutical collaboration in Ghana, highlighting the focus on energy and health. The forum strengthens Indonesia’s role as a reliable development partner for African countries, enhancing its international standing.
Benefits for Morocco and Other African Countries:
- Economic Growth: Increased investments and trade agreements can stimulate economic growth and create job opportunities.
- Technology Transfer: Collaboration in sectors like energy and health can lead to the transfer of technology and expertise, boosting local capacities.
- Strategic Resources: African countries, including Morocco, can benefit from partnerships in strategic minerals, essential for industries like electric vehicles.
Renewable Energy: Indonesia is heavily investing in geothermal and other renewable energy projects. For example, the $150 million geothermal project in Tanzania aims to generate 100 MW of electricity.
Health and Pharmaceuticals: Indonesia is focusing on building pharmaceutical manufacturing facilities, such as the $50 million investment in Ghana.
Agri-Tech: Projects like the $30 million investment in Nigeria to enhance rice production highlight Indonesia’s focus on sustainable agriculture.
Geothermal and pharmaceutical projects : Example source for agri-tech and strategic minerals partnerships.
- Geothermal Projects: Indonesia is investing in geothermal energy projects in Tanzania and Kenya. For example, a $150 million geothermal project in Tanzania aims to generate 100 MW of electricity.
- Renewable Energy: Morocco, with its ambitious renewable energy targets, can collaborate with Indonesia on solar and wind energy projects.
- Mining and Processing: Indonesia and African countries like the Democratic Republic of Congo are exploring partnerships in mining and processing strategic minerals such as cobalt and nickel, essential for electric vehicle batteries.
Investment in Infrastructure: Investments in infrastructure to support mining operations, including transportation and processing facilities, are being discussed.
Example source for geothermal, pharmaceutical, and agri-tech projects. : Example source for South-South cooperation and SME investments. : Example source for China’s infrastructure projects, financial support, and trade relations.
The forum has facilitated trade agreements worth $3.5 billion, significantly boosting economic ties between Indonesia and African nations.
These partnerships and investments are expected to significantly contribute to the sustainable development and economic growth of Morocco and other African nations.
Indonesia will bring really to the development of Morocco and the rest of the African economies that is different or complementary to what China is doing and investing/transforming the economic landscape in Morocco and the rest of the African countries.
How Indonesia can be compared to China in these aspects and results?
Indonesia’s approach to development in Morocco and other African countries offers some unique and complementary aspects compared to China’s investments.
Indonesia emphasizes South-South cooperation, fostering mutual growth and development among developing countries. Indonesia’s collaborations often include technology transfer and capacity building, which can help local industries grow independently. Indonesia’s emphasis on South-South cooperation and technology transfer complements. Indonesia’s focus on SMEs and sustainable projects can have a more direct impact on local communities, fostering grassroots economic growth. Indonesia is investing in small and medium-sized enterprises (SMEs) in Africa, which can drive local economic growth and job creation.
Indonesia’s contributions can complement China’s efforts by focusing on sustainable development, technology transfer, and supporting local businesses, thereby providing a more diversified and resilient economic growth model for Morocco and other African countries.
Health Sector Investments:
- Total Investment: Indonesia secured health investment deals worth $94.1 million at the Indonesia-Africa Forum (IAF) 2024.
- Pharmaceutical Collaborations:
- PT Bio Farma: Signed agreements with Zimbabwe and Ghana for pharmaceutical product registration, distribution, and technology transfer.
- PT Dexa Medica: Began exporting pharmaceutical products to Tanzania, with projected export values of $2.5–$3.0 million over the next three years.
Geothermal Energy Projects:
- Geothermal Development: Indonesia’s state utility firm PLN partnered with Tanzania’s Tanesco for a geothermal project, with significant investments aimed at generating 100 MW of electricity.
Trade and Investment:
- Total Business Deals: The IAF 2024 witnessed the signing of business deals worth $3.5 billion, a substantial increase from the $568 million recorded at the first forum in 2018.
Agri-Tech Projects:
Agri-Tech Initiatives: Indonesia is investing in agri-tech projects in Nigeria, focusing on improving crop yields and sustainable farming practices.
Strategic Minerals:
Mining and Processing: Indonesia is exploring partnerships in mining and processing strategic minerals such as cobalt and nickel with African countries.
Indonesia-Africa Cooperation Set to Rise
Indonesia inks health investment deals worth US$94.1 mln at IAF
Indonesia-Africa Forum Books $3.5 Billion Business Deals
- Pharmaceuticals: Indonesia and Ghana have signed agreements to collaborate on pharmaceutical manufacturing, with an investment of $50 million to build a new facility in Accra.
- Healthcare Services: Morocco can benefit from Indonesia’s expertise in healthcare services, potentially leading to joint ventures in hospital management and medical training.
Investment in SMEs: Indonesia is investing in small and medium-sized enterprises (SMEs) in Africa, with a focus on sectors like textiles, manufacturing, and services.
Indonesia’s Agri-Tech Projects:
Strategic Minerals, Mining and Processing in Africa
Cobalt and Nickel in the DRC: China’s investments are often larger in scale and focus on infrastructure. China’s infrastructure-driven approach provides a more holistic development strategy. Indonesia’s investments are more targeted towards specific sectors like renewable energy, health, and agriculture.
China’s Contributions:
Infrastructure Development – Financial Investments – Trade Relations
China is known for its large-scale infrastructure projects, such as the construction of roads, railways, and ports. For instance, the $4.6 billion Addis Ababa-Djibouti Railway. China has established several industrial zones in Africa, like the $2 billion Lekki Free Trade Zone in Nigeria.
China provides significant financial support through loans and grants. For example, China has pledged $60 billion in financial support to Africa over three years.
Export-Import Growth: China is a major trading partner for many African countries, with trade volumes reaching $254 billion in 2021. Many African countries are part of China’s Belt and Road Initiative, which aims to enhance global trade and infrastructure connectivity.
- Lekki Free Trade Zone in Nigeria: $2 billion investment by China.
- Addis Ababa-Djibouti Railway: $4.6 billion investment by China.
- China’s Financial Support: $60 billion pledged to Africa over three years.
- China-Africa Trade Volume: $254 billion in 2021.
Sources and data points related to the investments and projects mentioned:
- https://afriquinfos.com/que-retenir-du-2e-forum-indonesie-afrique-sachevant-a-la-veille-du-focac-2024/
- https://en.antaranews.com/news/324503/indonesia-inks-health-investment-deals-worth-us941-mln-at-iaf
- https://jakartaglobe.id/business/indonesiaafrica-forum-books-35-billion-business-deals
- https://investindonesia.co.id/2024/09/02/indonesia-africa-cooperation-set-to-rise/
- afriquinfos.com
- voi.id
- voi.id
- https://voi.id/fr/berita/410874
#IAF2024 #indonesia #africa #forum
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