Casablanca – During  the visit to Morocco by French President Emmanuel Macron, a series of significant economic agreements were established, highlighting the strengthening of ties between the two nations. This set of 22 protocols aims to enhance bilateral cooperation across various sectors.

Among the most noteworthy aspects of these agreements is the commitment to foster investments through the creation of an investment accelerator, a joint initiative designed to boost economic growth in Morocco, particularly in its southern regions. This accelerator will operate under a 50/50 partnership model, facilitating the establishment of a joint company with a capital of approximately $320 million. The initiative is expected to focus on sustainable infrastructure projects, aligning with both nations’ objectives for economic development.

In addition to the investment accelerator, the agreements underscore the importance of cooperation in the rail and energy sectors. A protocol was established for providing trains and supporting components for Morocco’s high-speed rail network, demonstrating France’s ongoing support for Morocco’s infrastructure modernization. The collaboration extends to financial cooperation within the rail sector, aiming to enhance the operational efficiency and safety of the railway system.

Furthermore, the agreements include a framework for collaboration in renewable energy and green hydrogen development, aligning with Morocco’s ambition to become a leader in sustainable energy in the region. French companies, particularly in the energy sector, will play a pivotal role in supporting Morocco’s transition to greener technologies.

The signing of these agreements marks a pivotal moment in Franco-Moroccan relations, indicating a mutual commitment to enhancing economic ties and promoting sustainable development. As both nations look to the future, this partnership is poised to yield significant benefits for both economies, fostering innovation and cooperation in key sectors. President Macron’s visit symbolizes the historical ties between France and Morocco while reinforcing a shared vision for a prosperous economic future.