Assahafa.com
Under the visionary leadership of His Majesty King Mohammed VI, Morocco stands out as a driving force of economic growth on the African continent, Vice-President of the European Investment Bank (EIB) Ambroise Fayolle emphasized.
“Morocco is a true gateway between Europe and Africa, with a remarkable commitment to the development of the African continent,” Fayolle told MAP on the sidelines of the Africa Investment Forum held in Rabat.
He highlighted that, under the visionary leadership of His Majesty King Mohammed VI, Morocco plays a key role in advancing regional economic integration through supporting strategic initiatives such as the African Continental Free Trade Area (AfCFTA), its promotion of sustainable solutions—especially in renewable energy, where Morocco stands as a model for numerous African nations—and its commitment to South-South cooperation with structural projects that drive inclusive growth and create jobs.
The EIB is proud to support Morocco in this dynamic effort, particularly through financing high-impact regional projects such as the development of transport infrastructure and the green transition, Fayolle stated.
“Our projects are closely aligned with Morocco’s efforts in decarbonization, sustainable transport, biodiversity conservation, and inclusive urban development,” he emphasized.
Fayolle described Morocco as a strategic partner for the EIB, with a loan portfolio totaling approximately €3 billion, reaffirming the Bank’s dedication to support Moroccan authorities in advancing priority projects that reflect the Kingdom’s long-term vision and goals.
“We focus on key sectors such as renewable energy, exemplified by projects like the Noor Ouarzazate solar plant, a global benchmark in energy transition; sustainable infrastructure, aimed at connecting communities and driving regional integration; and innovation and entrepreneurship, to empower SMEs and develop young talent,” the EIB Vice-President stated.
He described the Africa Investment Forum (AIF) as a vital strategic platform for the EIB, noting that “our participation is centered on three key objectives: mobilizing private and public capital for structural projects in areas such as clean energy, sustainable infrastructure, and innovation; enhancing collaboration with African and international partners by leveraging collective expertise to tackle the continent’s economic, climate, and social challenges; as well as reshaping Africa’s risk perception by highlighting success stories and demonstrating that safe and profitable investments are not only possible but achievable.”
“As a founding partner of the AIF, we deeply value this unique platform for bridging project developers and investors, driving the swift implementation of impactful initiatives,” the Vice-President concluded.
Source: map
