As part of the new European strategy, called Global Gateway, launched last December, the European Union (EU) will invest €1.6 billion in Morocco's green and digital transition.
The announcement was made on Wednesday by the President of the European Commission, Ursula von der Leyen, via her Twitter account, on the occasion of his visit to Rabat.
“The EU is investing €1.6 billion in Morocco. This is a great opportunity for the green and digital transition. I hope we will achieve great projects together, for the benefit of all Moroccans”, the European official said.
According to the European Commission, the European Global Gateway strategy aims to “develop smart, clean and secure links in the fields of digital, energy and transport and strengthen health, education and research systems worldwide.”
This European model consists of investing in both tangible and intangible infrastructure, in sustainable investments in the fields of digital, climate and energy, transport, health, education and research, all over the world and in Africa in particular.
Global Gateway’s goal is to “mobilize up to €300 billion of investment between 2021 and 2027 to support a sustainable global recovery, taking into account the interests of the EU and the needs of its partners,” Morocco, one of them, being the first country to receive funding through this infrastructure program.