“These sporting events for which our country is preparing require considerable financial investments to improve infrastructure in the fields of sports, tourism, communication and transport. […] These investments require the mobilization of significant financial resources, which could burden public finances,” warned Zineb El Adaoui during a presentation of the Court’s activities for the year 2023-2024.
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Morocco has launched major projects such as the modernization of stadiums, the extension of the airports of the six host cities, the strengthening of road infrastructure and the development of hotel, medical and telecommunications infrastructure as part of its preparations to co-organize the 2030 World Cup with Spain and Portugal. The kingdom plans to renovate six football stadiums and build a new stadium with a capacity of more than 115,000 spectators, with a total cost estimated at 20.5 billion dirhams ($2 billion) to host the 2030 World Cup.
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-In addition to the organization of these major events, there are other risks that threaten the exhaustion of Morocco’s public finances. On Wednesday, El Adaoui, during an intervention before a joint session of the two chambers of Parliament, noted that public finances are under increasing pressure, in particular due to several consecutive years of drought in Morocco, requiring significant and urgent investments estimated to 143 billion dirhams for the period 2020-2027, as part of the National Drinking Water Supply and Irrigation Program.
Morocco
