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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. |
