| Work Detail |
Projects cover infrastructure, power and roads
Morocco is planning to spend nearly $335 billion Moroccan dirhams ($34 billion) on projects in 2024 and is taking measures to encourage the private sector to contribute.
In a report published on Wednesday, Morocco’s Hespress newspaper said capital spending covers several sectors, including infrastructure, power, roads, farming and industry.
Allocations also include around MAD45 billion ($4.55 billion) for King Mohammed Investment Fund and nearly MAD15 billion ($1.51 billion) for reconstruction of facilities damaged by the September 2023 earthquake, the paper said, citing official data.
It quoted well-known Moroccan economist Racheed Al-Sari as saying he expects around 70-80 percent of the 2024 investments to be achieved. |
