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King Mohammed VI urges economic sovereignty and national savings development

King Mohammed VI urges economic sovereignty and national savings development

King Mohammed VI, in his speech on the occasion of Sovereign's Day, focused on strengthening Morocco's economic sovereignty through the development of its industrial and technological capabilities, especially in the food, pharmaceutical, defense, and cybersecurity industries. He explained that these sectors cover about 80% of the nation's needs, reducing dependence on foreign imports and enhancing the country's regional standing. He also highlighted the success of the tourism sector in welcoming around 20 million visitors by 2025 and emphasized the importance of continuing social and economic reforms, backed by unprecedented financial resources, particularly from domestic financing, to support investment and invigorate the financial market. On the international front, he affirmed that Morocco has become a trusted international actor by diversifying its partners and cooperation initiatives, with the government continuing to boost development and investment programs to achieve sustainable growth in the coming phase.

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