Morocco Proposes a New Economic Pact with Its Diaspora to Transform Remittances into Productive Investments
As part of the new dynamic shaping the relationship between Morocco and Moroccans living abroad (MRE), public and institutional officials are calling for the establishment of a new economic pact aimed at transforming financial remittances into genuine productive investments that generate wealth, jobs, and territorial development.
This direction was highlighted during the National Forum on Investment and Moroccans Worldwide, held in Tangier, which brought together over 150 investors and talent from the diaspora, alongside government officials, institutional representatives, and economic stakeholders.
Transforming Remittances into a Growth Leverage
Discussions revealed a shared observation: while MRE remittances have reached record levels, their conversion into productive investments remains limited.
The challenge now is to move beyond the traditional role of the diaspora as a source of foreign currency, positioning them as a central economic actor capable of investing in industry, innovation, technology, and territorial projects.
Reforms to Improve the Business Climate
Several reforms initiated by public authorities were presented, including the simplification of administrative procedures, the acceleration of digitization of services, and the strengthening of the role of Regional Investment Centers.
Specific mechanisms have also been established for MRE, including the “MDM Desk” within the Moroccan Investment and Export Development Agency, as well as dedicated contact points in the RICs to enhance project support and follow-up.
Towards Innovative Financial Tools
Participants emphasized the need to develop new financial instruments tailored to Moroccans abroad to strengthen their participation in productive investment.
Among the suggestions was the creation of diaspora-specific bonds, enabling the mobilization of their savings towards structural projects, with increased transparency and guarantees.
A Territorial Approach to Investment
The regional dimension played a central role in the discussions, with an emphasis on the importance of territories in structuring investment opportunities.
Regions were encouraged to propose ready-to-invest projects and to enhance their capacity to welcome capital and skills from the diaspora.
A Highly Skilled Diaspora and a Shifting Economic Model
Speakers stressed that MRE are no longer just financial contributors; today, they represent a global network of expertise in strategic sectors such as industry, technology, renewable energy, and innovation.
At the same time, Morocco is continuing its economic transformation through the development of new industrial and technological sectors, thereby enhancing its appeal to international investors and its diaspora.
Towards a “Win-Win” Economic Relationship
The forum called for the establishment of an economic relationship based on the principle of “win-win,” allowing Moroccans worldwide to invest in a stable, modern, and competitive environment.
The goal is to shift from a primarily emotional bond to a structured economic partnership, making the diaspora a central actor in the Kingdom’s development.
