Despite record remittances, the contribution of Moroccans residing abroad to productive investment in their country of origin remains below expectations. This issue was at the heart of discussions during the first Economic Forum of Moroccans of the World (FEMM), where ideas were outlined to reverse the trend.
Following a multiplication of complaints reporting administrative and judicial obstacles, the Ministry of Interior has instructed walis and governors of several prefectures and provinces to resolve files related to investment projects initiated by MREs.
China is investing massively in Moroccan factories, particularly in the automotive sector, for several reasons.
While Morocco is investing 90 billion dirhams (nearly $9 billion) in the construction and renovation of roads, airports, rail lines, desalination plants, and stadiums this year - a 40% increase over the previous fiscal year - as part of the preparations for the World Cup it will co-host with Spain and Portugal, the construction sector is facing enormous difficulties.
During the forum "Morocco & Spain - Investing Together for a Sustainable and Shared Future" in Madrid, Karim Zidane, Moroccan Minister Delegate to the Head of Government, in charge of Investment, Convergence and Evaluation of Public Policies, highlighted the incentive measures put in place by the kingdom to attract foreign investors.
Remittances from Moroccans in the diaspora contribute to Morocco’s macroeconomic stability, notes a recent policy brief published by the United Nations Economic Commission for Africa’s (ECA) North Africa Sub-Regional Office.
Morocco is accelerating the transformation of its infrastructure in preparation for the 2025 Africa Cup of Nations and the 2030 World Cup. Significant investments are being mobilized to support ongoing and upcoming large-scale projects.
The United States has expressed its desire to support the Nigeria-Morocco Gas Pipeline (NMGP) project, announced Wale Edun, Nigerian Minister of Finance and Economic Coordination, on Saturday.
The Nigerian state of Kano is counting on Morocco for the success of its investment project aimed at mobilizing more than 10 billion dollars over the next five years, in the sectors of renewable energies and solid mineral resources. To this end, it intends to sign memorandums of understanding with Moroccan institutions such as MASEN, OCP and the Casablanca Chamber of Commerce.
King Mohammed VI is the promoter of MarocMaroc, a cosmetics brand sold exclusively abroad, particularly in Paris and Amsterdam.
Moroccan cities are transforming ahead of the football World Cup that Morocco will co-host in 2030 alongside Spain and Portugal. Architect Rachid Andaloussi assures that the investments and efforts made as part of the preparations "inspire pride and admiration".
The National Motorway Company of Morocco (ADM) has launched a consultation for the realization of the road access to the Grand Stadium Hassan II of Benslimane. The cost of the contract is estimated at 605 million dirhams.