The country is looking to boost its infrastructure ahead of the 2030 FIFA World Cup which it will co-host with Spain and Portugal.

Morocco has received $14bn of investment offers for its masterplan to upgrade rail links in the country, according to a statement by African Development Bank President Akinwumi Adesina at the Bank’s flagship Africa Investment Forum last week.

The figure significantly exceeds the target of $8.8bn set by the country’s National Railways Office (ONCF).

The AfDB itself signed-off on a $350m loan to Morocco for infrastructure projects at the forum. The bank is also considering loaning $650m to help the country strengthen its infrastructure ahead of the 2030 FIFA World Cup, which Morocco will co-host with Spain and Portugal. The loan would help to boost economic governance, improve water supplies and establish an industrial zone in the Nador West Med port.

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