Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Debt Funds: A Long-Term Portfolio Essential
    • NFO Alert: Motilal Oswal Mutual Fund Launches BSE Midcap 150 Momentum 30 Index Fund: What Is It? Key Things To Know
    • 3 Nippon India funds rank among 1209 mutual funds in 20-year returns, Rs 10,000 SIP turns nearly Rs 2 Cr. Here’s how they compare on return, risk and category – Mutual Funds News
    • Bitcoin ETFs Saw Outflows of $2 Billion in 2 Weeks. Should You Sell?
    • Top 5 mutual funds with the highest 20-year returns: 3 are from Nippon India – Mutual Funds News
    • Debt mutual funds: Only 4 schemes delivered over 10% SIP returns in 10 years
    • Dogecoin Price as DOGE ETFs Post Second-Highest Outflows in History After Trump’s Meme Coin Disclosure
    • The Rise of Active ETFs: Can Fund Managers Outperform Passive Investing?
    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

    CPP Investments Partners with EQT to Support Global Digital Infrastructure Growth

    July 3, 2026

    PE-VC investments down 3% y-o-y in June quarter

    July 1, 2026

    RGP Investments Announces that the Dissolution of the RGP Impact Fixed Income Portfolio Has Now Been Completed

    June 29, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    Debt mutual funds: Only 4 schemes delivered over 10% SIP returns in 10 years

    July 4, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Debt Funds: A Long-Term Portfolio Essential

    July 4, 2026

    In India’s vibrant growth story, equities often steal the limelight as the undisputed engine of…

    NFO Alert: Motilal Oswal Mutual Fund Launches BSE Midcap 150 Momentum 30 Index Fund: What Is It? Key Things To Know

    July 4, 2026

    3 Nippon India funds rank among 1209 mutual funds in 20-year returns, Rs 10,000 SIP turns nearly Rs 2 Cr. Here’s how they compare on return, risk and category – Mutual Funds News

    July 4, 2026

    Bitcoin ETFs Saw Outflows of $2 Billion in 2 Weeks. Should You Sell?

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

    Premier Investments annonce une décision collective pour la distribution en nature des actions de Myer -Le 06 mars 2025 à 01:51

    March 5, 2025

    Moneycontrol Mutual Fund Summit 2025: GenZ at the forefront of the mutual fund revolution

    June 22, 2025

    VNQI vs. HAUZ: These ETFs Offer Investors Exposure to Real Estate Around the World

    January 10, 2026
    Our Picks

    Debt Funds: A Long-Term Portfolio Essential

    July 4, 2026

    NFO Alert: Motilal Oswal Mutual Fund Launches BSE Midcap 150 Momentum 30 Index Fund: What Is It? Key Things To Know

    July 4, 2026

    3 Nippon India funds rank among 1209 mutual funds in 20-year returns, Rs 10,000 SIP turns nearly Rs 2 Cr. Here’s how they compare on return, risk and category – Mutual Funds News

    July 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

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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