The Kingdom of Morocco, under the leadership of His Majesty King Mohammed VI, stands out as an “emerging power” in Africa, thanks to outstanding performance and forward-looking choices, African Development Bank (AfDB) President Akinwumi Adesina said.
In a statement to MAP, Adesina emphasized that Morocco, which is undergoing a strong transformative momentum as highlighted in the speech delivered by His Majesty the King on the occasion of the Throne Day, stands out for the consistency and coherence of its economic and social progress.
Morocco’s strategic positioning, he said, is rooted in a clear and ambitious vision supported by an integrated development strategy, economic, social, and environmental, grounded in stable governance and carefully considered policy choices.
This methodical and determined approach, he added, has enabled the Kingdom to emerge as one of the most advanced nations on the African continent.
“As part of its New Development Model, the Kingdom has strengthened its economic fundamentals,” Adesina said, pointing to genuine sectoral diversification, a well-managed openness to global markets, and firm integration into regional and global value chains as signs of Morocco’s economic emergence.
The country’s industrial revival, particularly in the automotive, aerospace, and renewable energy sectors, reflects this upward trajectory, bolstered by an ambitious infrastructure policy and solid macroeconomic environment, which enhance Morocco’s appeal to international investors, he noted.
“Driven by the major development projects launched by His Majesty the King, our relations with the Kingdom continue to grow stronger, in order to support and accompany these multi-faceted advances for the benefit of the country and the Moroccan people,” Adesina concluded.
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