Morocco is laying the groundwork for a new phase of economic growth in which private investment is expected to play a leading role. While public spending will continue to support major development projects, policymakers increasingly see the private sector as the key engine for sustaining growth beyond 2030.
Speaking in Rabat after the latest meeting of the board of Bank Al-Maghrib, Governor Abdellatif Jouahri said that the conditions are now in place for private investment to gradually take over from public investment as a major contributor to economic expansion.
Several reforms and mechanisms have been introduced to support this transition. These include Morocco’s public-private partnership framework, the new Investment Charter, the growing role of Regional Investment Centers and a series of territorial development programs designed to reduce regional disparities and encourage business activity across the country.
At the same time, public investment remains robust. Large national groups continue to launch ambitious projects, particularly in strategic sectors linked to the energy transition. Among them, OCP Group is pursuing major investments while exploring new opportunities in emerging industries such as green hydrogen.
To further accelerate private-sector participation, discussions are being prepared between Bank Al-Maghrib, the Professional Group of Moroccan Banks, government departments and business representatives. The objective is to identify new measures capable of boosting productive investment and strengthening the contribution of companies to national growth.
Jouahri also highlighted the strategic importance of very small enterprises, which account for more than 90% of Morocco’s business landscape. Support mechanisms targeting small and medium-sized enterprises are expected to gain momentum, notably through the Mohammed VI Investment Fund, which aims to improve access to financing and stimulate private-sector development.
As Morocco prepares for major economic milestones in the coming years, authorities believe that stronger private investment will be essential to maintaining growth, creating jobs and supporting the country’s long-term development ambitions.
