Becoming Rich with Daily Scavenging APP-Chapter 611: Morocco

Although Ah Li contributed a lot to Lin’an, Lin’an also paid a significant price to support Ah Li, especially in cleaning up after many of his issues.

Chen Yiyang’s behavior is much better than Ah Li’s.

No matter how you look at it, he seems more representative of Lin’an’s future.

The reason some officials still support Ah Li is simply that the scale of the companies under Chen Yiyang’s name isn’t as large as Ah Li’s.

Chen Yiyang and Yang Chengru were having hotpot together.

Then Yang Chengru spoke, "There’s something I need to ask you for a favor."

"I knew it wasn’t just a casual chat when you came to find me," Chen Yiyang thought Yang Chengru had come just for a chat.

"Between adults, there are always some calculations," Yang Chengru said helplessly.

"Go on, what’s the matter this time?"

"Do you know about the country Morocco?"

Huh?

Chen Yiyang remembered talking about Morocco with Zhang Yuling not too long ago.

"I do know actually," Chen Yiyang said, "I have a friend who recently went to Morocco to sell tea."

"Recently, the higher-ups are vigorously promoting commercial exchange and investment in Morocco.

Many local companies in Lin’an also hope to seize this opportunity to invest in Morocco.

However, since no large companies from Lin’an have invested in Morocco before, there is a need for a company to take the lead, establish contact, and break the ice."

Chen Yiyang understood what Yang Chengru meant.

Investing in Morocco is a national strategy.

But previously, no companies from Lin’an had invested there.

Small businesses are worried about not being able to contact the higher-ups in Morocco and having no security for their investments, so a major company needs to take the lead.

Afterward, other Lin’an companies can continue to invest in Morocco through this established channel.

"Why the sudden interest in investing in Morocco?" Chen Yiyang thought, "The country no longer needs political support from small African countries, right?"

"It’s to lay out a third-party market and mitigate future sanction risks," Yang Chengru said.

"Morocco has a zero-tariff agreement with the European Union, and it can serve as a springboard for domestic companies to enter the European market.

Currently, our direct trade with Europe involves high tariffs, and these tariffs may increase in the future.

Thus, third-party markets like Morocco are essential.

"Hoping your company invests in Morocco is not just about losing money to accomplish a task,"

Yang Chengru continued, "Morocco is known as the phosphate kingdom, with the world’s richest phosphate resources. 𝐟𝐫𝕖𝗲𝘄𝚎𝗯𝕟𝐨𝕧𝐞𝚕.𝕔𝕠𝐦

Phosphates are key raw materials for the production of lithium iron phosphate and new lithium manganese iron phosphate batteries.

Therefore, many domestic companies are investing in battery factories there. Additionally, due to the zero tariffs, other industries related to electric vehicles, such as tires, are also investing in Morocco.

However, Lin’an’s automotive industry is not strong, and the only reputable enterprise is your Yiyang Automobile."

"Understood," Chen Yiyang nodded.

Yang Chengru intends for Yiyang Automobile to establish a presence in Morocco and simultaneously encourage some local Lin’an automotive-related industries with little competitive advantage at home to develop in Morocco. Then, using Morocco as a gateway to the European market might allow them to thrive.

However, Chen Yiyang didn’t previously know that Morocco had so many conveniences.

After chatting with Yang Chengru, Chen Yiyang called Zhang Yuling in the evening while the young accountant went out for a beauty treatment.

"How’s everything going in Morocco these days?" Chen Yiyang inquired.

"Ah, I was just about to call you," Zhang Yuling was delighted to receive Chen Yiyang’s call.

She said, "How should I put it, some places have pretty good scenery, nice for sightseeing.

But there aren’t many entertainment options. As you know, this is a religious country. Besides bars, other places don’t even sell alcohol."

"How’s the security?" Chen Yiyang was most concerned about this.

"I’ve spent most of my time in Rabat, the capital of Morocco. The security here is quite decent. It’s roughly equivalent to what it was twenty or thirty years ago for us; generally safe."

While chatting with Zhang Yuling, Chen Yiyang also searched the internet for information about Morocco.

He found that this country, which he’d seldom heard of in domestic internet circles, surprisingly had developed quite well.

Morocco’s GDP is 157.4 billion US Dollars, ranking 59th globally and 6th in Africa.

Furthermore, Morocco’s industry distribution is quite healthy.

In agriculture, Morocco has hot and dry summers and mild, rainy winters, allowing crops like wheat and barley, as well as economic crops like grapes, olives, tobacco, and tea, to grow well.

Moreover, Morocco has deep processing capabilities for agricultural products: fruits and vegetables, meat products, dairy products, olive oil, and bread can all be processed extensively.

This alone gives them an advantage over many countries.

Additionally, Morocco’s phosphate resources account for 70% of the global supply, sustaining a vast number of industry workers.

This has led to Morocco’s decent industrial development, focusing on aerospace, chemicals, steel, building materials, pharmaceuticals, and other heavy industries.

In terms of industrial position, Morocco is somewhat like Europe’s Hebei, assisting Europe in relocating those heavy pollution enterprises.

Moreover, with Morocco’s ancient civilization and proximity to Europe, the tourism industry is also thriving, generating over ten billion US Dollars annually.

Regarding external relations, Morocco has some conflicts with neighboring Algeria, but both sides are very restrained, so the risk of war is low.

After gaining this understanding, Chen Yiyang’s perception of African countries was somewhat overturned.

He originally thought African countries were either plagued by war, extremely poor, or only sold resources.

But he didn’t expect to find a country like Morocco, which seemed quite normal.

Incidentally, this country is also quite friendly to China, due to a long history of bilateral relations, and is recognized as a country friendly to China both officially and among the people.

"I’m considering a trip to Morocco in the near future," Chen Yiyang said, "because of business needs, Yiyang Automobile might need to invest in Morocco."

"Really?" Zhang Yuling said excitedly, "It’s about to be winter here, and it’ll snow. If you come, it might be an achievement to see snow in Africa."

Oh, it turns out it snows in Africa in winter.

Chen Yiyang was intrigued.

Since there are reasons to go to Morocco both professionally and personally.

Chen Yiyang decided it would be best to make the trip.

So, after chatting with Zhang Yuling for a while, Chen Yiyang asked her to reach out to the local contacts in Morocco.

To inquire about any incentives for an enterprise of Yiyang Automobile’s size investing in Morocco.

Zhang Yuling readily agreed and expressed her excitement about waiting in Morocco for Chen Yiyang to arrive.