Rabat: Under the leadership of His Majesty the King, Morocco has established itself as an emerging economic power, according to Adesina, the President of the African Development Bank (AfDB). Adesina shared these insights with the Agence Marocaine De Presse (MAP) during the celebration of the Throne Day, highlighting the kingdom’s political stability and increasing attractiveness in mobilizing capital through diversified financing sources.

According to Agence Marocaine De Presse, Adesina pointed out that this positive momentum has led to a significant rise in foreign direct investment (FDI), sustained development of capital markets, and increased reliance on international financing and public-private partnerships. Over the past two decades, Morocco’s gross domestic product (GDP) has doubled, and the nation has developed world-class infrastructure that underscores its bold ambitions.

Adesina cited several landmark projects that exemplify Morocco’s rapid growth, including the Noor Ouarzazate solar complex, one of the largest globally, and the strategic ports of Tanger Med and Nador West Med, which are major intercontinental maritime hubs. Additionally, Morocco boasts Africa’s only high-speed rail line, further illustrating the country’s emerging trajectory.

The AfDB President also highlighted that substantial investments have been strategically directed toward high-potential sectors such as the automotive industry, digital economy, and renewable energy. These targeted efforts have enhanced the competitiveness of Moroccan companies, accelerated the diversification of national production, and expanded the levers for sustainable growth throughout the Kingdom.