Series of Massive Investments: Morocco Steps Towards Economic Renaissance

Within just 48 hours, Morocco witnessed a series of massive projects heralding a significant transformation in the country’s economic horizon. Following strategic agreements with the UAE, France joined as a key economic partner in several pioneering projects, strengthening Morocco’s position as a pivotal player both regionally and internationally.

Key Projects and Investments Announced:

1. Water Desalination Plant: Expected to become the world’s second-largest desalination plant, providing clean drinking water to 9.3 million people.
2. Satellite Communications: In partnership with French Thales and Moroccan Panavsat, a satellite communications system will provide high-speed internet to 26 African countries, reinforcing Morocco’s position as Africa’s digital hub.
3. Future High-Speed Train: Morocco will be among the first countries to own the Avelia Horizon TGV M, with Fez becoming a global center for train manufacturing and maintenance, thanks to partnership with Alstom.
4. Aviation Investments: French Safran will invest €130 million in aircraft engine maintenance, while Brazil’s Embraer plans to invest $1 billion by 2035 to develop its civil and military aviation environment in Morocco.
5. Boeing Research Center: In partnership with Mohammed VI Polytechnic University, Boeing will open a new research center enhancing Morocco’s position as a global aviation destination.
6. Renewable Energy Projects: Installation of 1 GW of solar and wind energy in Guelmim to support green hydrogen production and conversion to 200,000 tons of green ammonia for export to Europe, contributing to Morocco’s sustainable energy transition.
7. OCP and Engie Cooperation: The companies signed agreements worth €3 billion short-term and €15 billion long-term, aimed at decarbonization and supporting agriculture with desalinated water.
8. Taza Wind Farm Expansion: A 63 MW wind power project enhancing the kingdom’s renewable energy resources.
9. Infrastructure Development: Creation of a €300 million fund to accelerate infrastructure investment, plus €258 million for Nador port station development, and €100 million for modernizing ports in Laayoune and Dakhla.
10. AI Research Center: Jointly funded by France and Morocco, the center will open Africa’s first research facility focusing on artificial intelligence, big data, and cybersecurity.

The list also includes the opening of Bacha Coffee on the Champs-Élysées, symbolizing another presence of Moroccan brands internationally.

These projects are valued at tens of billions of euros and are expected to constitute a step towards achieving comprehensive economic renaissance in Morocco, placing the country on the path to progress and development.

Source: Fez News