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The European Investment Bank rents the remarkable progress of Morocco under the direction of the king

King Mohammed VI successfully operated on his left shoulder
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This article was automatically translated from HIBAPRESS, the Arabic version:

This article was automatically translated from Hibapress, the Arabic version:

Heba Press

The representative of the European Investment Bank, Adrien de Basombeir, praised Morocco’s remarkable progress under the direction of His Majesty King Mohammed VI.

“This remarkable development is embodied in the stability of the Moroccan economy and its diversification while strengthening its competitiveness and its attractiveness for investments, in particular European. »»

He stressed that several sectors have witnessed this momentum, such as the automotive sector, air industries, renewable energies and the financial sector, adding: “We support certain Moroccan financial institutions in their expansion outside the borders of the kingdom. »»

He stressed that access to economic financing and integration constitutes two major factors in the economic development of Morocco, praise, praise, on this occasion, the participation of the kingdom, under the direction of His Majesty, King Mohammed VI, in sustainable development.

Mr. de Basmbeir stressed that the European Investment Bank supports the energy and environmental transition, which is at the heart of the partnership between the European Union and Morocco, adding that “our evaluation of the Moroccan economy and its development is very positive”.

With regard to the partnership existing between Morocco and the European Investment Bank, Mr. de Basmbeir explained that the year 2024 allowed the bank to exceed the threshold of 10 billion investment funds in Morocco since the start of its activities in 1979.

He stressed that “this question strengthens the important partnership that has linked us to the kingdom of Morocco for years”, explaining that “in the year 2024, the bank joined funds worth 500 million euros, which represents an acceleration of our investments compared to the previous year, where we recorded an increase of more than 50%. »»

In terms of horizons, the representative of the European Investment Bank considered him very promising and is based on five main axes; The first is the development and support of the private sector, the improvement of networks of drinking water and the pace of Morocco in its energy transmission, supporting sustainable transport in Morocco, as well as the strengthening of advanced decentralization in the Kingdom.

M. de Basmbeir noted that “these axes conform to the priorities of Morocco, which open promising horizons, in particular in the light of the important dates to come, in particular the 2030 World Cup, which represents the opportunity to accelerate the development of the country”.

He considered that this date was of great symbolic importance, given the joint organization between two European countries and the Kingdom of Morocco, which improves partnership and solidarity between the two banks of the Mediterranean.

The representative of the European Investment Bank concluded that “for us, this event is an opportunity to support the modernization of infrastructure in Morocco, in particular with regard to energy, improving energy efficiency and improving movement. »»

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