Morocco and the Netherlands signed an agreement to create an investment fund worth €300 million, equivalent to 3.2 billion dirhams, to finance investment projects in infrastructure. He further detailed that the fund will primarily finance projects related to water and renewable energies. The Netherlands is keenly interested in investing in green hydrogen, he said, expressing optimism about exploring potential investments once Morocco presents its new plan in this domain. Under the agreement, €300 million will be invested over 3 years into various projects, with the possibility of injecting additional amounts based on projects evaluations, according to Fortman. The Netherlands stands as the fifth-largest foreign investor in Morocco, with approximately 70 Dutch companies actively operating in the North African country in various sectors.

Source: The North Africa Journal June 22, 2023 00:38 UTC