Morocco Secures $14 Billion in Investments

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.