Economy

Global Infrastructure Hub : Morocco needs to invest US$36 billion to develop infrastructure

According to two reports conducted by G20 on Africa, Morocco needs to make more efforts to develop infrastructure.

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In a study published by the G20, Morocco will need to spend US$36 billion by 2040 to meet the UN Sustainable Development Goals (SDGs) for universal access to drinking water, sanitation and electricity.

The conclusion is based on two reports conducted to reveal Africa’s urgent need for infrastructure investment.

The first study, Global Infrastructure Investment Outlook : Infrastructure Investment Need in the Compact with Africa countries, gave a detailed overview on how much Morocco needs to spend to develop infrastructure in different sectors by 2040.

It indicates that the Kingdom is willing to invest US$210 billion between 2016 and 2040 on infrastructure. According to the study, Morocco must spend US$246 billion to reach the UN Sustainable Development Goals (SDGs).

In total, the North African country is ranked fourth in Africa behind Ethiopia, Rwanda, Senegal, Guinea, nations with an urgent need to invest in infrastructure.

Strengthening infrastructure

In details, Morocco needs to spend more than 2% of its GDP to strengthen electricity infrastructure by 2040, less than 2% for roads and bellow than 1% to develop telecoms infrastructure, indicates the document published on July the 3rd.

For ports, airports and rails infrastructure Morocco is performing well compared to other sectors and countries.

The same study indicates that «Morocco and Rwanda are notable performers, marked by their improvements to their regulatory quality, rule of law, and investment and competition frameworks».

According to the second survey, entitled «Set Your Infrastructure Policies in the Right Direction» and published by the Global Infrastructure Hub, Morocco’s performance across the infrastructure policy and delivery domains was generally above the average levels recorded for other emerging economies surveyed».

The survey which focused on Africa’s performance infrastructure-wise revealed that Morocco did «relatively strongly in the procurement of infrastructure projects, which may support its high quality of infrastructure».

For the record, the first of these reports, Global Infrastructure Outlook: Infrastructure Investment Need in the Compact with Africa Countries, indicates that Africa needs to invest US$621 billion in the Morocco, Tunisia, Egypt, Ethiopia, Senegal, Guinea, Côte d’Ivoire, Ghana, Benin, and Rwanda by 2030.  

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