Morocco integrated sustainable development goals (SDGs) into its social and economic development policies at a very early stage; significant progress has been made, particularly in improving the living conditions of the population, facilitating access to basic services and developing the infrastructure.
A stable economy
Stable and solid macroeconomic indicators.
Morocco has enjoyed a solid growth rate and controlled inflation over the last two decades thanks to its economic strategy. Financial stability and a controlled budget deficit have enabled Morocco to commit to the progressive flexibility of the Moroccan Dirham.
The keys to development
A favorable business climate
A favorable business climate thanks
to 20 years of reforms
Economic openness
Free access to a market of 1.3 billion consumers in 55 countries through several FTAs
The Countryâs Development Policies
Supporting inclusive and sustainable growth
Morocco and Africa
Morocco, a gateway to Africa
Human Capital
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The 2030 agenda for sustainable development goals
An Unwavering Collective Commitment
Morocco integrated sustainable development goals (SDGs) into its social and economic development policies at a very early stage; significant progress has been made, particularly in improving the living conditions of the population, facilitating access to basic services and developing the infrastructure.
Did you know ?
Fruit of a partnership between France and Morocco, the Tangier-Casablanca LGV via Rabat was inaugurated by HM King Mohammed VI on November 15, 2018. Two new train stations were inaugurated at the same time, the Rabat Agdal station and the Tangier City station; two others will be inaugurated later, Casablanca Voyageurs and KĂ©nitra. In the spotlight for two decades, the âcapital of the Northâ, which now shelters an exceptional port and industrial ecosystem (Tanger Med Port, Renault factories) is 2 hours and 10 minutes away from Casablanca, as opposed to 4 hours and 45 minutes previously. The engineering techniques deployed by ONCF have made it possible to build this line at unbeatable costs and consequently to offer tickets at very affordable prices. No less than 3 million passengers transited by the TGV between the two cities in 2019 (The train is named Al Boraq, in reference to a fantastic winged creature).
Moroccoâs energy strategy sets the objective of increasing the use of renewables in the energy mix (42% in 2020 and 52% by 2030). The Solar Plan policy is one of its major and most emblematic components. In January 2016, the worldâs largest solar power plant ever built, the Noor power plant (noor or âlightâ in Arabic, also a first name) was inaugurated in Ouarzazate. The plant covers 2,000 hectares of solar panels and is made up of four parts utilizing different technologies.
With 6.5 billion euros in revenue, the automotive sector is the leading provider of foreign exchange. Morocco has joined the top 5 exporters of cars to the European Union (283,614 vehicles, i.e. 7.8% of EU imports), behind Turkey, Japan, South Korea and China. It is the largest producer of vehicles in Africa, ahead of South Africa.