Morocco advances industrial strategy with focus on green hydrogen and EV battery

Morocco’s industrial development strategy emphasizes diversifying productive sectors to strengthen the economy’s foundation,Industry and Commerce Minister Ryad Mezzour stated Wednesday during a national symposium on macroeconomic policies and investment dynamics in Rabat.

The kingdom’s industrial portfolio spans agri-food,automotive,chemical and parachemical industries,aeronautics,textiles and leather,and pharmaceuticals. Mezzour highlighted two particularly promising sectors: electric vehicle batteries,where Morocco possesses all necessary attributes for an integrated industrial chain,and green hydrogen,positioning the kingdom strategically in European markets.

Morocco’s industrial transformation,guided by King Mohammed VI’s strategic vision,has established a strong,integrated industrial economy. Industrial exports multiplied five-fold since 2000,reaching approximately 398 billion dirhams in 2024,representing 88% of national exports. Foreign direct investment in the industrial sector tripled over the past decade to 16.5 billion dirhams in 2024,reflecting growing international confidence.

Bank Al-Maghrib Director of Economic Studies Mohamed Taamouti emphasized Morocco’s substantial investment efforts,noting that the kingdom dedicates approximately 30% of GDP to investment,exceeding the global average of 25.2%. This demonstrates clear commitment to developing economic and social infrastructure.

World Bank representative Javier Diaz Cassou praised Morocco’s socio-economic progress,citing strategic geographic location,political stability,and consistent public policies as key advantages. The kingdom benefits from a solid macroeconomic framework supporting its capacity to attract investments and foster sustainable growth.

The national symposium aimed to create multidisciplinary reflection on relationships between investment,employment,territorial governance,and skills development,analyzing interactions between macroeconomic policies,business climate,and employment dynamics to guide strategic choices for inclusive,sustainable growth.