Signature of a 30 Billion Dirham Memorandum of Agreement for the Creation of a Morocco-France Investment Accelerator.
Unprecedented bilateral agreement between the Mohammed VI Investment Fund and leading French investment players.
Equal partnership aimed at stimulating investments across the entire Moroccan territory for infrastructure development and strengthening company and startup capital.
Creation of a 50/50 Joint Venture dedicated to sustainable infrastructure with a capital of 3 billion dirhams.
The Moroccan Sovereign Fund and French public financial institutions launch: "The Morocco-France Investment Accelerator".
On the occasion of the State visit of the President of the French Republic to Morocco, following the invitation extended by His Majesty the King, the Mohammed VI Investment Fund (FM6I) and the leading French public investment players (AFD, STOA, Bpifrance, Proparco, Expertise France) signed an agreement for the establishment of a "Morocco-France Investment Accelerator".
The signing of this agreement took place in the presence of His Majesty King Mohammed VI and the President of the Republic His Excellency Mr. Emmanuel Macron.
With a total amount of 30 billion dirhams, this historic partnership seals the commitment of both parties to strengthen economic cooperation between Morocco and France and to initiate a new stage of common development.
The "Morocco-France Investment Accelerator" will cover the entire national territory, including the Southern Provinces.
A Joint Venture for Sustainable Infrastructure
This partnership includes the creation of a 50/50 Joint Venture (JV) dedicated to sustainable infrastructure, with a capital of 3 billion dirhams. This entity will aim to invest in structuring projects promoting sustainable development and the energy transition.
Support for the Private Sector and SMEs
In addition to the JV, the agreement mobilizes an investment envelope of 26 billion dirhams intended to support the private sector, particularly SMEs and Mid-Tier Companies (ETI). It includes an ambitious awareness and support program for financing opportunities and equity opening, in partnership with the FM6I, Expertise France, and Bpifrance. More than 1,500 Moroccan companies could benefit from this program.
The "Morocco-France Investment Accelerator" also intends to support the startup ecosystem through the operational deployment of specialized funds and will offer tailored support and financing solutions for their development.
It further stipulates that French financial institutions will rely on the financial support, knowledge, and expertise of the FM6I in their investments in Morocco, France, and Africa.
A Broad Territorial Scope
The "Morocco-France Investment Accelerator" aims to ensure a qualitative leap in productive investment over the broadest possible territorial scope, in light of the French position contained in the letter sent on July 30, 2024, by the President of the French Republic to His Majesty the King, specifying that: "The present and future of Western Sahara fall within the framework of Moroccan sovereignty."
This Agreement is a major step forward that aligns with the current dynamic of relations between Morocco and France, in particular, by helping to multiply investment opportunities for both countries and strengthening the private sector's capacity to invest and create sustainable growth.