France and Morocco concluded, on Monday, October 28, on the first day of Emmanuel Macron’s state visit to Rabat, contracts and investment agreements whose total amount will reach “up to ten billion euros”announced the French presidency.
Several agreements were signed on Monday afternoon in the presence of the French president and the King of Morocco, Mohammed VI. Others will be on Tuesday. They refer to the railway sector, renewable energies of which Morocco aims to become a champion, the energy transition and even cooperation in energy connectivity.
In particular, the French group Egis is scheduled to participate in the construction of the second section of the Tangier-Marrakech high-speed line. Alstom will also participate in negotiating the supply of between twelve and eighteen high-speed trains, according to constant sources. The first section was inaugurated by the king and the French president in 2018.
Agreements with Egis, Alstom, TotalEnergies…
“Alstom is delighted to have been selected”the group told AFP. The new generation of trains presents a “The most competitive life cycle cost per seat in the current market and significantly improves the passenger experience”we add.
Still along the way, the French Minister of Economy, Antoine Armand, signed with his counterpart a declaration of intent regarding “financing facilities” in the sector.
In addition, the French TotalEnergies signed an agreement for the “development of the hydrogen sector” green in Morocco. A similar agreement was already concluded in May with Tunisia with a view to building a large green hydrogen production and export complex in the south of the country.
Engie and the Cherifian Phosphate Office, for their part, signed an agreement “Partnership in the energy transition”including renewable energies.
The French Development Agency will also help the Moroccan phosphate industry to decarbonize its operational chain through a loan of 350 million euros. Finally, EDF, for its part, signed a memorandum of understanding regarding the expansion of the Taza wind farm.
