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A consortium formed by the Mohammed VI Investment Fund, Taqa Morocco, and Nareva was created to advance Morocco’s strategic infrastructure. This Morocco-UAE partnership has signed three memorandums of understanding with the Moroccan government and the National Office of Electricity and Drinking Water (ONEE) to develop new infrastructure for water and electricity transport, seawater desalination, and power generation from renewable and natural gas sources.
The large-scale investment program worth approximately 130 billion dirhams by 2030 stems from the joint declaration signed on December 4, 2023, between King Mohammed VI and UAE President Sheikh Mohamed bin Zayed. It aims to address Morocco’s urgent needs in water and energy through a large-scale investment program to be completed by 2030, announced an ONEE press release on Monday.
The program includes five key components:
· Water transfer between the Sebou and Oum Rbia basins (800 million m³/year),
· Seawater desalination capacity of 900 million m³/year powered entirely by renewables,
· A 1,400-km HVDC power line (3,000 MW) linking the south to the center,
· An additional 1,200 MW in renewable energy,
· Gas-fired combined cycle power plants in Tahaddart (1,500 MW total).
Each project will be governed by specific development agreements between the consortium and ONEE. The first deal, for the Tahaddart plant, has already been signed. Financing will be arranged by the consortium and sourced from both national and international lenders.
Beyond infrastructure, the program is expected to create over 25,000 jobs—including 10,000 permanent roles—foster technology transfer, and support the emergence of a local industrial ecosystem, particularly in desalination and renewable energy.
Ultimately, the project aims to combine national sovereignty, water security, clean energy transition, and technological innovation—while generating a lasting impact on employment, competitiveness, and sustainable development.
