Morocco and France Deepen Economic Partnership with €10 Billion Investment Agreements in Rabat
Key Ideas
  • 22 new agreements signed in Rabat between Morocco and France, amounting to €10 billion investment potential across various sectors like transportation, renewable energy, and agriculture.
  • Focus on enhancing rail, maritime, and aviation infrastructure with agreements including the purchase of high-speed trains, development of rail sector, establishment of an aircraft engine maintenance facility, and construction of a container terminal.
  • Strengthened commitment to renewable energy through agreements expanding wind farm capacity, decarbonization projects, and development of green hydrogen and electricity initiatives.
  • Establishment of institutional collaborations in the hydrogen sector and the creation of a French-Moroccan Research Center for Africa to pioneer studies on renewable energy and hydrogen on the continent.
King Mohammed VI of Morocco and French President Emmanuel Macron oversaw the signing of 22 new agreements in Rabat, marking a deepened economic partnership between the two countries with an investment potential of €10 billion. The agreements span various sectors, including transportation, renewable energy, and agriculture. Morocco's rail infrastructure received a boost with the procurement of high-speed trains from French company Alstom, alongside financial cooperation for ongoing sector development. Additionally, agreements were made to establish an aircraft engine maintenance facility and build a container terminal at Morocco's Nador West Med port. Both countries reinforced their commitment to renewable energy through projects like expanding wind farm capacity and developing green hydrogen and electricity initiatives. Institutional collaboration in the hydrogen sector was highlighted with a partnership between the energy ministers of Morocco and France. These agreements aim to strengthen the economic ties between Morocco and France, furthering international competitiveness for both nations.
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