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TunisiaMorocco: EIB Global invests €115 million in attractive and sustainable technology parks
At the European Investment Bank (EIB) Group Forum on 7 and 8 February in Luxembourg, the EIB and Caisse de Dépôt et de Gestion (CDG) du Maroc reaffirmed their mutual commitment to sustainable development and climate finance, and announced the signature of a €115 million (MAD 1.3 billion) finance contract for the Technopoles Maroc II project with MEDZ on 29 December 2023. This operation aims to promote regional economic development and help establish Morocco as a competitive carbon-free industrial hub.
Provided via EIB Global, the EIB loan will be used to sustainably expand ten technology parks across several regions of the country, bringing them into line with environmental standards. The selected parks will house integrated business clusters and industrial platforms with substantial research, development and innovation potential, together with sustainability-oriented educational components.
This ambitious project supports the goals of the Moroccan government, particularly under its new development model and industrial acceleration plan, which aim to make the country a reference point for carbon-free, responsible and sustainable production methods. It also aims to back a sustainable economic recovery and reduce regional disparities, in line with the advanced regionalisation policy.
This project is a continuation of the success of 2012’s Technopoles I operation, which has generated approximately 36 000 jobs, and is a testament to the strength of the CDG-EIB partnership.
Countries covered:
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Morocco
