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Fri, May 16, 2025
12:20 PM
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Last Updated
148 days ago
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150 days ago, Casablanca
Updated 148 days ago
Morocco Secures $14 Billion in Investments
Morocco Secures $14 Billion in Investments

Morocco Secures $14 Billion in Investments

News summary

Morocco has emerged as the leading beneficiary of the Africa Investment Forum, attracting $14 billion in investment proposals for its railway expansion plan, which is estimated to cost $8.8 billion. The African Development Bank (AfDB) highlighted this success and announced a pending $650 million loan to support infrastructure development, particularly for the upcoming 2030 FIFA World Cup, which Morocco will co-host with Spain and Portugal. During the forum, Morocco signed three agreements totaling nearly €350 million aimed at enhancing economic governance, digitizing water management, and developing the industrial park at Nador West Med. Furthermore, the Moroccan government plans to increase airport capacity to 80 million passengers by 2030 and aims to expand its rail network significantly, connecting 43 cities and 87% of the population by rail. In preparation for the World Cup, Morocco also plans to upgrade sports infrastructure and extend high-speed rail services. Overall, these initiatives reflect Morocco's ambitious strategy to bolster its infrastructure and economic growth ahead of major international events.

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Morocco unveils ambitious infrastructure plans for World Cup
150 days ago
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Morocco unveils ambitious infrastructure plans for World Cup
150 days ago
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100% Right
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ed3c261f-5b8a-4660-aaa3-72ae35a35016
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Coverage Details
Total News Sources
1
Left
0
Center
0
Right
1
Unrated
0
Last Updated
148 days ago
Bias Distribution
100% Right
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Story Coverage
alt
rt - breaking news, russia news, world news and video
Right
Morocco unveils ambitious infrastructure plans for World Cup
150 days ago
Read Full Article
alt
rt - breaking news, russia news, world news and video
Right
Morocco unveils ambitious infrastructure plans for World Cup
150 days ago
Read Full Article
Ask VT AI
Bias Distribution
100% Right
Information Sources
ed3c261f-5b8a-4660-aaa3-72ae35a35016
Right 100%

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  • FIFA World Cup
  • World Cup
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