SIARQ is in the process of increasing its international involvement, and we are currently taking advantage of the distribution network present in North Africa.
This emerging North African country offers tremendous business opportunities for energy sectors. Morocco happens to be a favorable investment destination when wanting to integrate renewable energies. Morocco is planning to introduce sustainable practices throughout the country, and set a target that 42% of energy consumption will be renewable energies by the year 2020. While they are under rapid growth, they have goals to reduce pollution levels and dependence on fossil fuels.
Luckily, the proximity along with the EU-Morocco free trade zone allows us to easily export our products to Morocco during their time of expansion. Spain plays a large role in both the exporting and importing to Morocco, and we hope to become part of that as well.