Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • New entrants eat into SIP inflows of listed Mutual funds
    • Meitav’s Mutual Funds Division Soars: Surge in Market Share Driven by Record-Breaking Inflows
    • 3 Top-Ranked Lord Abbett Mutual Funds With Stellar Track Records
    • I Bonds Now Pay 5.51%. Can Dividend Stocks Compete?
    • XRP ETFs Draw $1.81B Despite $440M Paper Losses
    • Bitcoin ETFs bleed $1.16 billion in three days as price holds above $76,000
    • Leverage Shares by Themes Prepares Short Anthropic ETFs ANSS and ANDD as the Bear Case for the ANT IPO Comes into Focus
    • What Trade-Offs Do Active ETFs Face?
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Investments»France, Morocco announce major investments as Macron visits Rabat 
    Investments

    France, Morocco announce major investments as Macron visits Rabat 

    October 28, 2024


    RABAT, Morocco — 

    Morocco’s King Mohammed VI welcomed French President Emmanuel Macron to Morocco on Monday, kicking off a state visit with a series of bilateral agreements, including major investments in renewable energy and transportation.

    Macron’s trip to Morocco — his first in six years — comes as immigrants, including North Africans, face continued scrutiny in France and while France reassesses its role in its former colonies throughout Africa. Morocco has historically been a key economic and security partner, but relations between the two countries have often been fragile.

    Among the objectives of Macron’s visit, the Elysee Palace said, is “to rebuild the exceptional partnership that links our two countries.”

    French and Moroccan flags on Monday flew throughout the capital, where crowds lined the streets to watch the motorcade containing Macron, his wife and members of Morocco’s royal family drive to one of their palaces.

    Macron and Mohammed VI, who used a cane to walk, later oversaw a ceremonial signing of 22 agreements to facilitate future investments as well as cultural and scientific partnerships. The investments are worth a total of 10 billion euros and include expanding Morocco’s high-speed rail line southward to Marrakech, which the country hopes to complete before it holds events for the FIFA World Cup in 2030.

    Also included were plans to develop green hydrogen, wind farms and water projects, which Morocco has identified as needed to help insulate the country from the effects of climate change.

    In the days leading up to the visit, Moroccan publications lauded the “warm reunion” and a “new honeymoon” between the two countries.

    Warmer ties

    Macron changed France’s long-standing public position and backed Morocco’s autonomy plan for the disputed Western Sahara. Doing so endeared France to Morocco but alienated it from Algeria, which hosts refugee camps governed by the pro-independence Polisario Front and considers Morocco an occupying power.

    France and Morocco have historically partnered on issues ranging from counterterrorism to migration. Morocco is the top destination for French investment in Africa and France is Morocco’s top trade partner. Morocco imports French cereals, weapons and renewable energy infrastructure, like turbines. France imports goods from Morocco including tomatoes, cars and airplane parts.

    Moroccans are among the largest foreign-born communities in France, where North African immigrants are a key political constituency and a focal point of debates about the roles of Islam and immigration in French society.

    Interior Minister Bruno Retailleau, a member of the French delegation in Morocco this week, has pushed for the country to take a hard-line approach toward immigration and seek deals with countries like Morocco to better prevent would-be migrants from crossing into Europe.

    On Macron’s last visit to Morocco, he and King Mohammed VI inaugurated Al Boraq, Africa’s first high-speed rail line, made possible by French financing and trains manufactured by the French firm Alstrom. The rail line currently functions from central to northern Morocco, running from Kenitra to Tangiers. The extension will more than double its length.

    Despite close ties, relations have at times been fragile between France and Morocco, which was a French protectorate from 1912 to 1956. In 2021, Morocco suspended consular relations after France momentarily reduced the number of visas offered to Moroccans in protest of its refusal to provide documents needed to deport people who migrated to France without authorization. France later reversed the decision.

    Relations between the two countries soured further that year, when a 2021 report revealed Morocco’s security services had used Israeli spyware to infiltrate the devices of activists and politicians, including Macron. Morocco denied and sued over the allegations.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Scottish Widows and Aberdeen Investments launch pension fund investing direct in science and tech firms

    November 2, 2026

    How to Balance Savings and Investments: A Beginner’s Guide to Allocating Your Money|あかね

    November 1, 2026

    Beyond Traditional Investments: How Gen Z Is Building Wealth in the Digital Age

    October 31, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Gold ETFs: A look at inflows, AUM and returns ahead of Dhanteras 2026

    November 4, 2026

    New entrants eat into SIP inflows of listed Mutual funds

    November 4, 2026

    [Simple Explanation] What changes if government bonds are handled on the blockchain?|かんたん解説編集部

    November 3, 2026

    Investors Withdrew Cash From Crypto ETFs, Except for One Altcoin

    November 4, 2026
    Don't Miss
    Mutual Funds

    New entrants eat into SIP inflows of listed Mutual funds

    November 4, 2026

    The inflows through systematic investment plan of leading listed mutual funds have taken a hit…

    Meitav’s Mutual Funds Division Soars: Surge in Market Share Driven by Record-Breaking Inflows

    November 4, 2026

    3 Top-Ranked Lord Abbett Mutual Funds With Stellar Track Records

    November 4, 2026

    I Bonds Now Pay 5.51%. Can Dividend Stocks Compete?

    November 4, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    This mutual fund has outperformed peers with 18% annualised returns over nearly 3 years

    August 13, 2025

    How gold and silver will be valued in ETFs after SEBI’s rule change — Edelweiss expert explains

    February 27, 2026

    Bitcoin ETFs Are Booming as BlackRock Shatters Records

    October 26, 2024
    Our Picks

    New entrants eat into SIP inflows of listed Mutual funds

    November 4, 2026

    Meitav’s Mutual Funds Division Soars: Surge in Market Share Driven by Record-Breaking Inflows

    November 4, 2026

    3 Top-Ranked Lord Abbett Mutual Funds With Stellar Track Records

    November 4, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    🇮🇸 CPP Investments and Equinix complete atNorth acquisition to support growth of leading Nordic data center platform

    September 1, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.