moroccoonthemove.com - 

Morocco’s tech exports and large-scale FDI investments from abroad are a product of “cultivating a stable business environment for years”:

Abengoa, a Spanish company specializing in international energy technology, announced on Monday that it had recently begun work on a desalination plant in Morocco, the largest in the region. It will supply 100,000 m3/day of drinking water to more than 500,000 people in the city of Agadir and the surrounding area, with the ability to double that capacity in the future. The increased water security provided by the Abengoa plant will significantly help the development of the two main economic drivers in the region: tourism and agriculture. With $88 million in financing through a local partner and a consortium of banks, Abengoa’s plant is the first public-private-partnership project that the National Power and Drinking Water Office has developed. It also demonstrates how Morocco is a rare exception of political stability, with a correspondingly welcoming business environment, in North Africa.

photo CC by www.SuperCar-RoadTrip.fr