Morocco is making significant strides in infrastructure development, particularly in water, sanitation, railways, and airport facilities, according to Akinwumi Adesina, President of the African Development Bank (AfDB). Speaking on Wednesday in Rabat, Adesina praised the country's progress during a press briefing on the sidelines of the 5th Africa Investment Forum (AIF). «This renewed momentum is closely tied to the organization of the 2030 FIFA World Cup and the 2025 Africa Cup of Nations (AFCON), two major events serving as powerful catalysts for initiatives across a wide range of sectors», Adesina stated. He also emphasized the critical role of the Mohammed VI Investment Fund in supporting large-scale infrastructure projects and reaffirmed the AfDB's commitment to aligning with Morocco's vision and ambitions. «The AfDB strongly backs this investment effort», he said, highlighting collaborations with key players like OCP as examples of successful partnerships. Adesina noted that the AfDB is currently managing nearly 37 investment projects in Morocco, with a total value of $3.6 billion. The forum's opening session was attended by Omar Kabbaj, Advisor to King Mohammed VI and Honorary President of the AfDB, Minister Nadia Fettah, and AfDB President Akinwumi Adesina. The 2024 Africa Investment Forum (AIF) positions itself as a vital platform, paving the way for strategic investments to drive Africa's economic transformation and offering direct access to transaction opportunities across the continent. Since its launch in 2018, the AIF has attracted nearly $180 billion in investment interest for major projects in sectors such as energy, infrastructure, healthcare, and agriculture, cementing its status as Africa's premier investment platform for global investors.
