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Rabat – On Monday, France and Morocco signed a series of investment agreements valued at nearly €10 billion, marking one of the largest foreign investment pledges in the region.
French President Emmanuel Macron and King Mohammed VI of Morocco personally oversaw the signing of 22 contracts, signaling a renewed commitment to economic partnership and cooperation.
The agreements were finalized during Macron’s State visit to Rabat, where he was accompanied by his wife, Brigitte, and a substantial delegation of French ministers, business leaders, and intellectuals.
As Macron’s motorcade moved through Rabat’s French-adorned streets, flanked by a 21-gun salute, the energy of both leaders reflected the gravity of these investments, poised to deepen Morocco’s infrastructure and industrial capabilities.
The contracts cover multiple sectors, including high-speed rail, green hydrogen, shipping, and aerospace.
Among the key highlights, French engineering group Alstom committed to supplying Morocco with up to 18 high-speed trains and will assist in building the high-speed rail connection between Tangier and Marrakech.
This expanded transport network aims to enhance connectivity in the region and boost economic mobility.
Also prominently featured was a partnership between TotalEnergies and Morocco’s government to develop the nation’s green hydrogen infrastructure, a move that demonstrates Morocco’s ambitions to become a renewable energy leader in Africa.
French energy giant Engie also signed an agreement with Morocco’s OCP to advance Morocco’s energy transition toward more sustainable and renewable solutions.
The French Development Agency (AFD), meanwhile, committed €350 million to aid Morocco’s efforts to decarbonize its phosphate industry, a critical part of the nation’s economy.
Furthermore, EDF, the French electric utility, pledged to expand Morocco’s Taza wind farm, a venture aimed at meeting Morocco’s rising energy demands while reducing carbon emissions.
CMA CGM, France’s leading shipping company, announced a partnership with Marsa Maroc to co-manage the Nador West Med port, a strategic northern hub expected to handle over 1 million TEUs annually.
This 25-year agreement will expand the port’s capacity, making it a critical gateway for trade across the Mediterranean.
Rounding out the agreements, French aerospace giant Safran will establish a 25,000 square-meter LEAP engine maintenance facility in Casablanca, scheduled to open by 2026.
The plant aims to support Morocco’s growing role in the aviation industry and bolster Safran’s global maintenance network.
President Macron’s visit will conclude on Wednesday, and is poised to leave behind a strengthened Franco-Moroccan partnership with a focus on sustainable development, connectivity, and industrial growth.
