King Mohammed VI said he is tirelessly working since his accession to the Throne to build an advanced, unified and solidarity-based Morocco. To achieve this goal, “I have sought to promote comprehensive economic and human development, making sure Morocco enhances its status as an emerging country, underlined the Monarch in his Throne Day speech on Tuesday.
The current achievements made by Morocco were not by accident. “They are the result of a long-term vision, of the pertinence of the major development choices made, and of the political and institutional security and stability enjoyed by our country”, said the Monarch.
The pillars of Morocco’s economic and social progress are based on rock-solid foundation in accordance with the new development model, added the Monarch in his Throne Day speech. “I have also made sure that we build a more competitive, diversified and open economy, seeing to it that a healthy, stable macroeconomic environment is preserved”, he said.
Despite successive years of drought and worsening international crises, the Moroccan economy has maintained a significant and steady growth rate in recent years, said the King, noting that the Kingdom is witnessing unprecedented industrial renaissance. Thus, industrial exports have more than doubled since 2014, especially those relating to Morocco’s modern-day global occupations.
Thanks to the strategic policy choices made by the Kingdom, the automotive, aviation, renewable energy, food industries, and tourism sectors are today key levers underpinning our emerging economy in terms of both investment and job creation, said the King.
Morocco is described today as an emerging country by its partners. In addition to promoting investment, the North African Kingdom is a responsible, dependable partner.
Morocco’s economy is today linked to nearly three billion consumers worldwide, thanks to the free trade agreements we signed, said the King, noting that the country has built a modern, robust infrastructure network that meets international standards.
To further enhance the Kingdom’s infrastructure base, the King has recently launched the extension of the high-speed train line linking Kenitra and Marrakech. A number of other large-scale projects are also in progress to ensure Morocco’s water & food security, as well as energy sovereignty.