“Bolstered by His Majesty King Mohammed VI’s visionary long-term outlook, Morocco has gained extensive experience and earned robust international credibility on this front”, the Minister Delegate said during a high-level roundtable co-organized by the pan-African infrastructure investment platform “Africa50” as part of the US-Africa Business Summit (May 6-9).
He underlined that Morocco over the past 25 years has made resolute choices in favor of Africa, economic openness and also in favor of investing in infrastructure that is built to the best international standards.
During this meeting held under the theme “African Infrastructure Investment: Impacts and Returns”, Jazouli noted that thanks to these initiatives, Morocco today leads Africa in automotive, aerospace, and textile industries, and ranks second in pharmaceuticals and outsourcing.
Moreover, the development of big projects related to renewable energies, coupled with His Majesty the King’s forward-thinking vision, now places Morocco at the forefront of global energy transition, he said, adding that the economic future of the Kingdom is being written in green ink.
The Minister Delegate further pointed out that Morocco is experiencing a significant surge in private investment, particularly in sustainable initiatives such as electric mobility and green hydrogen technology.
“This influx of private investment has surpassed expectations, leading to new demands for green infrastructure: renewable energy, electrical grid, seawater desalination, airports, ports, and more”, he indicated.
He also affirmed that the flagship events that the Kingdom will host such as the co-organization of the FIFA World Cup in 2030 underscore the need for green infrastructure including schools, universities, hospitals, stadiums, high-speed trains and beyond.
Referring to the sources to finance these large-scale projects, the Minister Delegate said that Morocco has established an attractive regulatory framework for investors, offering fiscal incentives and guarantees for strategic infrastructure projects. “We have forged unprecedented public-private partnerships, leveraging diverse and sophisticated vehicles to mobilize resources and balance risks. This makes possible public-private partnerships that were unimaginable just a few years ago, in unprecedented domains both in Morocco and internationally”, he continued.
Jazouli recalled that the Kingdom has recently initiated the development of a 1500 km electric transportation line connecting Dakhla in the southern region of the country, leveraging the best combination of wind and solar energy worldwide, to the north, where industrial consumption hubs are located.
Additionally, the Mohammed VI Sovereign Investment Fund, with an initial public capitalization of $1.5 billion, aims to raise at least three times more in private capital, he added, saying that the Fund’s mandate includes stimulating Morocco’s equity market with notable entities like Africa50, yet harboring considerable potential for growth.
During the meeting, the Minister Delegate reaffirmed Morocco’s unwavering commitment to Africa’s infrastructure development, recalling that many Moroccan companies participate in this dynamic across the continent.
He concluded by indicating that Africa must trust Africa as emphasized by His Majesty King Mohammed VI.
