This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from Hibapress, the Arabic version:
Heba Press
The Spanish newspaper “El Pais” indicated that Madrid had allocated an amount of one billion euros in the form of soft loans in Morocco, in order to finance strategic projects in preparation for the organization of the 2030 World Cup , which will be held in Morocco, Spain and Portugal.
This stage has just supported Spanish companies in investment in the Moroccan market, because Morocco plans to spend 1% of its total local result each year on modernization projects before the start of the championship.
New funding for infrastructure development
Among the loans granted, the construction of a desalination plant in Casablanca was funded, with an amount of more than 250 million euros for the Spanish company “Acciona”, as well as another loan of more than more than 750 million euros.
According to the Spanish state writer Maria Ambaro Lopez-Senovla, these projects will benefit from the Spanish experience and contribute to the development of the major infrastructure in Morocco.
Strategic projects before the World Cup
The Spanish newspaper indicates that Morocco plans to invest around 14 billion euros per year in its modernization plan and aims to develop its logistics facilities and organize matches in six cities.
In these projects, the emphasis is placed on infrastructure such as railways, because Morocco plans to buy 40 between cities and 60 regional trains to strengthen the current network.
Spain: Morocco’s first trading partner
According to the same source, Spain has strengthened its position as a larger trading partner for Morocco, because the volume of commercial exchange between the two countries reached 22 billion euros in 2024.
Spain is one of the largest investors in project to modernize Moroccan infrastructure, with the aim of improving economic cooperation between the two countries in several sectors.
