News

New Energy and Water Project in Morocco Expected to Create 25,000 Jobs

New Energy and Water Project in Morocco Expected to Create 25,000 Jobs
Tuesday, 20 May 2025 13:24
  • Morocco will generate 25,000 jobs through a new energy and water infrastructure deal.

  • Over 10,000 of those jobs will be permanent once construction is complete.

  • The project supports Morocco’s push to lower unemployment and modernize key sectors.

Morocco will create 25,000 jobs through a new partnership focused on building energy and water infrastructure. The agreement involves the Mohammed VI Fund, TAQA Morocco -part of the UAE-based TAQA energy group- and NAREVA, Morocco’s leading private electricity producer. The announcement was made by the National Office of Electricity and Drinking Water (ONEE) on May 19, 2025.

According to the statement, the jobs will be created during the construction and operational phases of the program. Once the facilities are up and running, over 10,000 of the roles will be permanent.

ONEE described the initiative as a strategic investment that will support Morocco’s economic, social, and environmental transformation. The project is also expected to help with technology transfer, encourage the growth of a local industrial ecosystem, especially in seawater desalination and renewable energy, and promote training programs and technical skills development in these fields.

The announcement comes at a time when the labor market in Morocco is under pressure. The unemployment rate rose to 13.3% in 2024, with large gaps between urban and rural areas. Young people are the most affected, especially those aged 15 to 24, with a jobless rate of 36.7%.

There is also a growing mismatch between the skills young people hold and what businesses actually need. Youth and women continue to have low participation in the workforce, and many recent graduates are struggling to find jobs, according to the Ministry of Youth.

To address these challenges, the government unveiled a national roadmap on December 10, 2024, aimed at boosting employment across the country. The plan focuses on creating decent job opportunities, managing water resources more effectively, and supporting rural development. It also includes targeted actions to help small and medium-sized businesses grow.

As part of that effort, Morocco plans to cut the unemployment rate to 9% by 2030 and generate 1.45 million new jobs. To fund this, the government has set aside 15 billion dirhams, about $1.6 billion, and is working to modernize how the job market is managed.

This new partnership represents a strong step toward reaching those goals, with job creation and infrastructure development at the center of Morocco’s long-term economic strategy.

On the same topic
Ethiopia and Italy sign bilateral debt restructuring agreement Deal follows G20 framework, unlocking over $3.5 billion...
Rwanda launches Nyungwe-Ruhango ecosystem restoration project backed by GEF funding REMA to implement across Southern Province under Green Amayaga...
Cameroon plans a CFA40 billion capital increase for BC-PME, pending regulator approval Funds will support lending to agriculture-linked sectors under...
IFC plans a $22.6 million guarantee to support private health projects in Abidjan Two specialized centers—oncology and ophthalmology—are set to...
Most Read
01

Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...

Togo Passes Law to Criminalize Counterfeiting of West African CFA Franc
02

CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...

Strengthening the Business Climate in WAEMU Countries: CCR-UEMOA Reviews Its Midterm Record
03

Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...

Telecel Ghana plans 150% investment increase in MTN-dominated market
04

ECOWAS is proposing a regional digital platform for passengers to file and track complaints online...

ECOWAS Considers Regional Platform to Enforce Air Passenger Compensation
05

World Bank announces $137 million to boost West Africa digital economy Program expands broad...

Benin, Liberia and Sierra Leone Receive $137M to Expand Digital Access for 5.2 Million People
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.