All the necessary conditions are now in place for private investment to gradually take over from public spending as the main driver of Morocco’s economic growth beyond 2030, the Governor of Bank Al-Maghrib, Abdellatif Jouahri, said on Tuesday.
Speaking during a press briefing following the central bank’s second quarterly board meeting of 2026 in Rabat, Jouahri said that while public investment would continue to support economic activity in the coming years, Morocco’s long-term objective is for private investment to assume a greater role in driving growth.
He noted that several key mechanisms are already in place to facilitate this transition, including the Public-Private Partnership (PPP) framework, the new Investment Charter, the work of Regional Investment Centers (CRIs), and territorial development programs designed to reduce regional disparities and improve investment conditions across the country.
Jouahri also underscored the continued importance of investment by state-owned enterprises, citing the example of OCP Group, which is pursuing an ambitious investment strategy and retains significant growth potential, particularly in emerging sectors such as green hydrogen.
As part of efforts to accelerate private-sector investment, the governor revealed that preparations are underway for a meeting bringing together Bank Al-Maghrib, the Professional Group of Moroccan Banks (GPBM), the Ministry of Economy and Finance, the Ministry of Investment, and the General Confederation of Moroccan Enterprises.
According to Jouahri, the meeting will focus on identifying measures to strengthen private investment and increase the productive sector’s contribution to economic growth.
He also highlighted the strategic importance of very small enterprises (VSEs), which represent more than 90 percent of Morocco’s business landscape. Referring to recent initiatives aimed at supporting these firms, Jouahri said the Mohammed VI Investment Fund is expected to play a key role in boosting private investment, particularly among small and medium-sized enterprises (SMEs) and VSEs.
