The EIB has worked with Morocco since 1979, making the country a long-standing partner in the Southern Neighbourhood. Our operations improve people’s daily lives – from clean water and energy supply to local homes, to a new 17 km-tramline in Casablanca serving over one million people. The Noor Ouarzazate solar power plant will provide electricity for more than 1 million people and save at least 730 000 tonnes of CO2 emissions per year. The country aims to generate more than half of its power from sustainable energy sources by 2030.
Morocco also benefits from EIB support through the Economic Resilience Initiative (ERI). Under ERI, we support regional integration and stability by investing in higher education, research and innovation. Through our EUR 70 m loan to the EuroMed University, flanked by a EUR13m grant from the European Union’s Neighbourhood Investment Facility, over 6000 students from all the Euro-Mediterranean countries can study with lower tuition fees at a brand new eco-campus in Fez, while benefitting from international mobility and double diplomas.
At a glance
The EIB provides finance and expertise for sound and sustainable investment projects in Morocco.