Strategic Allocation of Public Investments in Morocco for 2027
The Moroccan Ministry of Economy and Finance (MEF) has outlined a public investment plan for 2027, amounting to a substantial 209.17 billion dirhams. This figure, which excludes the Mohammed VI Fund for Investment, represents a relatively stable allocation compared to the previous year and emphasizes investments in the Oriental region, Fez-Meknes, and Drâa-Tafilalet. However, this new distribution appears to come at the expense of Casablanca-Settat, Marrakech-Safi, and Tangier-Tétouan-Al Hoceïma. The MEF acknowledged that public spending remains heavily concentrated in three primary regions: Casablanca-Settat, Rabat-Salé-Kénitra, and Marrakech-Safi. The updated allocation aims to enhance regional development, improve access to essential services, and facilitate mobility across the country, as detailed in the financial bill presentation.
Investment Trends Across Moroccan Regions
The investment framework for 2027 indicates that eight regions are set to receive a cumulative increase of 10.22 billion dirhams, while four regions will experience a decline of 10.7 billion. The Oriental region, along with Fez-Meknes and Drâa-Tafilalet, is projected to attract 6.13 billion dirhams, accounting for 60% of the overall increase. In contrast, Casablanca-Settat, Marrakech-Safi, and Tangier-Tétouan-Al Hoceïma are expected to collectively lose 9.46 billion dirhams, with Laâyoune-Sakia El Hamra facing a decrease of 1.23 billion dirhams. Historical data shows that public enterprises invested 124.36 billion dirhams in 2025, with a forecast of 209.64 billion dirhams for 2026, reflecting a significant anticipated growth of 69%, followed by a slight contraction of 0.2% in 2027.
Casablanca-Settat is projected to retain its leading position with an investment of 64.86 billion dirhams, although this represents a 5.2% decrease. Following closely is Rabat-Salé-Kénitra with 36.71 billion dirhams, marking a 3.7% increase, and Marrakech-Safi at 23.56 billion dirhams, which reflects a notable decline of 13.8%. Together, these three regions account for 59.8% of the total investment program, down from 62.5% in 2026. Furthermore, the share of the top four regions, including Tangier-Tétouan-Al Hoceïma, is expected to drop from 73.4% to 69.7%.
The High Commission for Planning (HCP) has indicated that these results show a slight widening in regional disparities regarding wealth creation. Casablanca-Settat alone is projected to generate 32.3% of the national GDP, while Rabat-Salé-Kénitra and Tangier-Tétouan-Al Hoceïma will contribute 15.5% and 10.7% respectively. When the investment figures for 2027 are compared to the wealth produced in 2024, Drâa-Tafilalet will be notably overrepresented, attracting 4.8% of the investments despite contributing only 3% of the GDP. In contrast, the Oriental region is nearing parity with 5.4% of investments against 5.1% of GDP, while Fez-Meknes lags behind with 6.1% and 8.2% respectively.
Interestingly, the regions of Guelmim-Oued Noun and Dakhla-Oued Eddahab are expected to witness the most significant relative increases at 35.8% and 26.6% respectively. These changes mark a critical step towards rebalancing the historical geographical investment patterns, as noted by the Economic, Social and Environmental Council (CESE), which highlighted that the majority of public investment has traditionally been concentrated in the Tanger-El Jadida corridor.
Furthermore, a total of nine public operators are slated to absorb 78% of the investment program, amounting to 163.2 billion dirhams. The Court of Auditors has pointed out that this investment effort is predominantly driven by a select group of public entities. Leading the charge are the regional multi-service companies, which are expected to receive 39.6 billion dirhams, followed by the OCP Group, the state phosphate and fertilizer company, with 31.31 billion dirhams. Other significant players include the National Railway Office (ONCF) with 29.02 billion dirhams and the National Office of Electricity and Drinking Water (ONEE) at 16.49 billion dirhams, alongside various other public entities contributing to the national investment landscape.
As reported by barlamane.com.
