The European Union (EU) wants to mobilise more than 9.18 billion dollars of investment for Morocco. According to the EU Commissioner for Neighbourhood and Enlargement, Oliver Varhelyi, this mobilisation of funds will take place between 2022 and 2029. It aims to strengthen several economic areas such as agriculture, the energy transition, the digital transition, access to water, public administration reform and higher education.
This financing pledge is part of “the implementation of the new Agenda for the Mediterranean and the Economic and Investment Plan” of the EU. Rabat and the EU also signed a new agreement on a programme called “LinkUpAfrica”. A triangular cooperation between the Union, Morocco and Africa that will facilitate training and employment and make them more accessible to young people. Cost of the project: nearly 3.3 million dollars!