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Moroccan Govt Warns of Contract Review
Moroccan government sources have reported that escalating political tensions with Spain threaten Spanish contracts and economic interests in the kingdom, valued at over $1.6 billion. Major projects include a train deal with CAF exceeding €750 million, a seawater desalination plant in Casablanca worth €613 million, and other contracts with the Spanish company Ineco totaling over €2.275 billion. Although there have been no changes to these agreements at present, the source confirmed that continued escalation could force Morocco to review some of its contracts and interests. This comes amid increasing Spanish political pressure calling for the suspension of agreements with Morocco and criticisms of the organization of the 2030 World Cup bid. Meanwhile, the trade balance remains in Spain’s favor, with exports to Morocco rising by about 6% during 2024 and a notable increase in Moroccan spending in Spain. The current situation highlights that economic relations and shared interests might withstand the political escalation, especially given Madrid’s need for security and economic cooperation with Rabat—making the preservation of economic and trade stability a mutual goal for both sides.
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