Morocco 2030 World Cup: Growth Boost and Massive Investment

The total cost of projects related to the event is estimated at more than 150 billion dirhams (approximately 13.8 billion euros). This funding will primarily finance the extension of the Kénitra-Marrakech high-speed rail line, valued at 8.8 billion euros, as well as the construction and upgrading of stadiums for 1.88 billion euros. This massive public program aims to structurally transform the national economy by leveraging a powerful multiplier effect.

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Despite the scale of the spending involved, the macro-financial framework would remain fully under control. The economy’s financing needs would stabilize at around 3% of GDP, with Treasury debt maintained at a sustainable level of 68% of GDP.

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The study also rules out any risk of a structural surge in interest rates, as the budgetary effort is wisely spread over time and supported by long-term financing. To win this economic bet, the Kingdom must nevertheless ensure that it transforms this temporary boost into lasting productivity gains.