MOROCCO, UAE Sign $14 Billion Megadeal: Key Details on the Largest Private Investment in Morocco’s History

The pact interweaves water security, renewable energy mastery, and industrial sovereignty – binding Morocco’s future with a 1,400 km electricity superhighway, four desalination jewels, and 25,000 employment opportunities in a $14 billion choreography.

 The largest private investment in Morocco’s modern history has just been inscribed in the country’s economic annals. Yesterday, the country sealed an extraordinary $14 billion accord with the United Arab Emirates – an injection of unprecedented scale that promises to permanently alter the country’s water and energy equation, while fundamentally reshaping its infrastructure landscape for generations to come.

The ceremonial ink still fresh, the agreement binds Morocco’s government and the National Office of Electricity and Drinking Water (ONEE) with a consortium of financial titans: the Mohammed VI Investment Fund, TAQA Morocco (the local subsidiary of Abu Dhabi’s energy colossus), and Nareva (the energy arm of the royal holding Al Mada).

At MAD 130 billion ($14 billion), this collaboration transcends mere commercial arrangement – it heralds a profound reengineering of critical national infrastructure by 2030.

Central to this ambitious blueprint stands a colossal 1,400-kilometer high-voltage transmission corridor stretching from Western Sahara to Casablanca, complemented by a network of sophisticated seawater desalination facilities.

These projects emerge as the culmination of meticulous diplomatic chess moves, coming just five months after King Mohammed VI’s private visit to Abu Dhabi and 18 months following his official state visit to the Emirati capital, where the groundwork for this Moroccan-Emirati renaissance was carefully laid.

Desert kingdoms understand water’s value. The consortium’s hydric strategy unfolds with architectural precision: a vast network connecting the Sebou and Oum Rabia river basins, engineered to channel 800 million cubic meters annually across thirsty territories.

The first phase of water transfer between the Sebou and Bouregreg basins became operational in August 2023, successfully diverting approximately 350 million cubic meters to the Sidi Mohammed Ben Abdellah dam, critical for supplying drinking water to the Rabat region.

Four jewels in this water crown will rise across Morocco’s map. In Tanger, a 50-million-cubic-meter annual capacity station will quench the industrial thirst of this burgeoning port hub.

Nador’s installation, six times more ambitious at 300 million cubic meters, will transform the eastern region’s hydric calculus. The agricultural heartland of Souss will benefit from Tiznit’s 350-million-cubic-meter facility – the largest of the quartet. Completing this hydraulic network, either Tan-Tan or Guelmim will host a 100-million-cubic-meter operation to serve the arid southern frontier.

These cutting-edge desalination facilities, engineered to operate exclusively on renewable energy, will collectively produce 900 million cubic meters annually.

Notably, they will maintain competitive pricing at or below MAD 4.50 per cubic meter (excluding tax), aligning with national benchmark rates established for ongoing desalination initiatives – all without requiring public subsidies.

The electric heartbeat: Energy sovereignty reimagined

The consortium’s energy infrastructure vision is anchored by a groundbreaking high-voltage direct current (HVDC) transmission network spanning 1,400 kilometers between Morocco’s southern territories and its central economic hub.

This sophisticated “electricity highway” will connect Dakhla to Casablanca with a 3,000 megawatt capacity, dramatically strengthening energy distribution capabilities while catalyzing economic and industrial development throughout the corridor.

This transmission masterpiece will be fed by 1,200 megawatts of fresh renewable capacity, predominantly harvested from the sun-drenched southern provinces. The geographic strategy is to harness the natural abundance of Morocco’s desert regions, translate it into clean energy, and deliver it to industrial centers at competitive rates.

Complementing these renewable ambitions, the Tahaddart complex will undergo a renaissance. This gas-fired installation will see its capacity quadrupled through new combined-cycle units, elevating total output to 1,500 megawatts. This expansion offers crucial ballast to a grid increasingly danced upon by the variable rhythms of wind energy.

The human dividend, capital choreography, and implementation cadence

Beyond pipes and pylons lies perhaps the most valuable yield: people. This grand design promises to spawn over 25,000 employment opportunities through construction and operation, with 10,000 permanent positions taking root after commissioning.

The consortium envisions not merely infrastructure but ecosystem – a fertile soil where technology transfer blooms and local industrial expertise in desalination and renewable energy flourishes. From this terrain will grow new educational pathways and technical specializations, training the standard-bearers of Morocco’s water and energy future.

The financial architecture of this mammoth endeavor will be orchestrated by the consortium, drawing capital from domestic and international financial wellsprings. The urgency is palpable; the project’s partners have pledged to assemble elite technical minds to ensure methodical implementation through 2030.

As with all ventures of this magnitude, regulatory gauntlets must be run, particularly regarding concentration operations. Each project component will be governed by bespoke development agreements between ONEE and the consortium. The first such accord, focusing on Tahaddart’s expansion, has already materialized.

The architects of the alliance

This historic partnership harmonizes complementary strengths. Nareva, Morocco’s private electricity champion, brings 3,200 megawatts of installed capacity producing over 15 terawatt-hours annually. As Africa’s wind energy pioneer, it operates eleven parks totaling 1,810 megawatts alongside the thermal goliath of Safi (1,386 megawatts).

With extensive expertise in electrical transmission infrastructure (exceeding 300 kilometers of high-voltage lines) and advanced water engineering, Nareva currently leads the innovative Amensouss project and is constructing the world’s first exclusively renewable-powered desalination facility in Dakhla.

TAQA Morocco, publicly traded on the Casablanca Stock Exchange since 2013, delivers 34% of Morocco’s national electricity requirements despite representing only 17% of installed capacity.

With a strategic focus on desalination, renewable energy development, low-carbon solutions, and infrastructure networks, the company actively advances national energy transition objectives and water security initiatives.

Its parent organization, Abu Dhabi National Energy Company PJSC (TAQA), operates as a diversified energy and utilities powerhouse with operations spanning 25 countries worldwide.

A diplomatic masterpiece

These accords signal the diplomatic renaissance between Morocco and the Emirates after a period of relative ambiguity. They physically manifest the vision sketched during King Mohammed VI’s December 2023 meeting with Sheikh Mohamed bin Zayed Al Nahyan – a blueprint for collaboration in strategically vital domains.

This official visit established a “renewed partnership” between the Maghreb and Gulf country with announcements of strengthened collaboration in strategic domains including energy and infrastructure development. 

The sovereign’s subsequent private voyage proved equally fertile, brokering peace between telecommunications titans Maroc Telecom and Inwi, ending a decade-long legal skirmish and birthing a joint venture to develop 5G infrastructure for international events including the 2025 Africa Cup of Nations and the 2030 World Cup.

For fifteen years, Morocco has methodically invested in renewable energy, which now covers 38% of its electricity needs, with aspirations to reach 52% by 2030. Simultaneously confronting chronic water scarcity, the kingdom has embraced desalination as salvation. This Emirati partnership accelerates both these vital transitions, binding two desert nations in a quest for resource security and sustainable prosperity.

source/content: moroccoworldnews.com (headline edited)

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MOROCC0 / U..A.E

UAE President honours 11 Winners of Zayed Sustainability Prize at COP28

 President His Highness Sheikh Mohamed bin Zayed Al Nahyan today honoured the winners of the Zayed Sustainability Prize in a ceremony held as part of the UN Climate Change Conference (COP28) hosted by the UAE at Expo City Dubai.

The ceremony was attended by numerous heads of delegations participating in COP28, ministers, senior government officials, and prize winners and finalists.

His Highness congratulated the winners, praising their efforts in promoting sustainability and encouraging them to continue their important contributions in this field. His Highness emphasised that the UAE is steadfast in building upon its established legacy in sustainability, a foundation laid by the country’s Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan. In this regard, His Highness highlighted the significant role of the Zayed Sustainability Prize in advancing sustainable development, serving humanity, and empowering innovators, entrepreneurs, and youth to actively contribute towards making a positive difference for our planet.

The Zayed Sustainability Prize aims to perpetuate the legacy of the late Sheikh Zayed bin Sultan Al Nahyan by honouring and supporting small and medium enterprises, non-profit organisations, and secondary schools that offer sustainable solutions addressing challenges in health, food, energy, water, and climate. Over more than 15 years, the Prize has positively impacted the lives of 384 million people worldwide through the innovative solutions presented by its 106 winners.

The Zayed Sustainability Prize also focuses on promoting youth engagement in sustainability through its Global High Schools category, which encourages youth to play active roles in supporting their communities and leading future sustainability efforts. The winners in this category, numbering 47 global high schools, have positively impacted the lives of more than 55,186 students and 453,887 people in their local communities.

The eleven winners of this year’s edition were unanimously selected in September by the jury after a thorough review of all candidates to assess their contributions and commitment to presenting innovative, impactful, and inspiring solutions across various prize categories, including Health, Food, Energy, Water, Climate Action, and Global High Schools.

During the ceremony, Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, Director-General of the Zayed Sustainability Prize, and COP28 President, stated, “In line with the vision and direction of the leadership, the Zayed Sustainability Prize has been contributing to inclusive sustainable development and advancing climate action for over 15 years. Today, the UAE reaffirms its commitment to stimulating action to mitigate climate change impacts, empowering communities in need of support, and creating positive change in the world, especially in the Global South.”

The winners in the Climate Action category include Kelp Blue Namibia, recognised for its ambitious efforts in cultivating extensive seaweed forests in deep waters. The company has contributed to the restoration of ocean biodiversity and the sequestration of 100,000 tons of carbon dioxide from the atmosphere annually, in addition to creating job opportunities in coastal communities.

In the Health category, the Indonesian organisation DoctorSHARE was honoured for its pioneering work in delivering healthcare to remote and hard-to-reach areas through its floating hospitals. The organisation has made a widespread positive impact, treating more than 160,000 patients.

The Gaza Urban and Peri-Urban Agriculture Platform (GUPAP) from Palestine emerged as the winner in the Food category, commended for its contributions to supporting Gaza’s agricultural sector. This non-profit organisation facilitates access to locally produced food and has provided employment opportunities for about 200 women in agriculture, benefiting over 7,000 individuals.

In the Energy category, Ignite Power from Rwanda was recognised for its significant efforts in providing affordable electricity to remote communities in sub-Saharan Africa. The company has supplied solar power solutions to 2.5 million people through a pay-as-you-go model, thereby avoiding 600,000 tons of carbon dioxide emissions. They have also introduced innovative solar-powered irrigation solutions, creating 3,500 job opportunities in local communities.

For the Water category, the French non-profit organisation Eau Et Vie was awarded for ensuring access to clean water in impoverished areas by installing water taps directly in homes in urban regions. The organisation has facilitated water access for 52,000 people across 27 neighbourhoods in 10 cities, raised health practice awareness among 66,000 individuals, and reduced water costs by 75 percent.

The recipients of the Global High Schools awards are Colegio De Alto Rendimiento De La Libertad (Peru), representing the Americas; Gwani Ibrahim Dan Hajja Academy (Nigeria), representing sub-Saharan Africa; International School (Morocco), representing the Middle East North Africa; Northfleet Technology College (United Kingdom), representing Europe Central Asia; KORT Education Complex (Pakistan), representing South Asia; and finally, Beijing High School No. 35 (China), representing East Asia Pacific.

The Chair of the Jury and former President of the Republic of Iceland, Ólafur Ragnar Grímsson, said, “This year’s winners have demonstrated a remarkable wave of ingenuity in their solutions to address urgent global challenges. We have confidence that these winners will catalyse substantial and scalable change in communities worldwide, propelling us towards vital climate action objectives and forging a path to a sustainable future for all.”

source/content: wam.ae (headline edited)

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 UAE : Federal Supreme Council elects Mohamed bin Zayed as UAE President: May 14th, 2022

The Federal Supreme Council today unanimously elected His Highness Sheikh Mohamed bin Zayed Al Nahyan as President of the United Arab Emirates.

The Council held a meeting today at Al Mushrif Palace in Abu Dhabi, chaired by Huis Highness Sheikh Mohammed bin Rashid Al Maktoum , Vice President, Prime Minister and Ruler of Dubai.

The meeting was attended by His Highness Sheikh Mohamed bin Zayed Al Nahyan; H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah; H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman; H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah; H.H. Sheikh Saud bin Rashid Al Mu’alla, Supreme Council Member and Ruler of Umm Al Qaiwain; and H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah.

A statement issued by the Ministry of Presidential Affairs said that according to Article 51 of the Constitution, His Highness Sheikh Mohamed bin Zayed Al Nahyan was unanimously elected as the President of the UAE to succeed the late Sheikh Khalifa bin Zayed Al Nahyan .

Their Highnesses, the Supreme Council Members and Rulers of the Emirates have reaffirmed their keenness to continue implementing the authentic values and principles laid down by the late deceased, Sheikh Khalifa, following on from the founding father, the late Sheikh Zayed bin Sultan Al Nahyan. These have consolidated the UAE’s status at both regional and global levels.

The Federal Supreme Council expressed its full confidence that the people of the UAE will remain, as Sheikh Zayed and the founders believed, “a faithful guardian of the Union and its gains at all levels”.

Their Highnesses wished H.H. Sheikh Mohamed bin Zayed Al Nahyan success in serving his people and country.

Sheikh Mohamed bin Zayed expressed his appreciation for the precious trust placed in him by his brothers, Their Highnesses the Supreme Council Members and Rulers of the Emirates, praying to the Almighty to guide and help him to bear the responsibility of this great trust and to fulfil its tasks of serving his country and people.

source/content: wam.ae

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ABU DHABI, UNITED ARAB EMIRATES (U.A.E.)