Morocco’s King Mohammed VI highlighted on Throne Day the progress made by the country’s economy, citing strong growth, rising industrial exports and record tourism arrivals, while urging the financial sector to do more to support investment and small businesses.
In a speech marking the 27th anniversary of his accession to the throne, the king said Morocco’s economy grew by about 4.9% in 2025 and was expected to maintain a similar or higher pace in 2026.
The monarch attributed the performance to political stability, institutional strength and a long-term development strategy that has helped Morocco position itself as a regional manufacturing and investment hub.
He said sectors including automotive manufacturing, aerospace, renewable energy and food processing had become key pillars of the economy, helping attract foreign investment and create jobs.
Morocco is now Africa’s largest car exporter with annual production capacity approaching one million vehicles, the King said, adding that automotive and aerospace exports together now account for more than 40% of total exports, surpassing phosphates.
The king also highlighted the launch this year of new industrial facilities in the aerospace sector, saying Morocco had joined a select group of countries capable of producing aircraft engines and landing gear components.
He pointed to the emergence of an integrated electric battery industry and efforts to expand renewable energy capacity, including the rollout of the kingdom’s green hydrogen strategy aimed at attracting energy-intensive industries seeking low-carbon power.
King Mohammed VI said strengthening economic sovereignty had become increasingly important amid growing protectionism and efforts by countries to secure supply chains.
Domestic food and pharmaceutical industries currently cover around 80% of national demand, he said, calling for the development of industrial and technological capabilities in defense and cybersecurity to reinforce strategic autonomy.
Tourism reached a record level in 2025, with nearly 20 million visitors including members of the Moroccan diaspora, the king recalled.
Looking ahead, King Mohammed VI called on banks and financial institutions to expand access to funding for small and medium-sized enterprises, innovation-driven companies and exporters.
“The process of economic and social transformation requires unprecedented financial resources,” he said, urging the sector to mobilize national savings more effectively and deepen capital markets.
The king said a new phase of development would begin after legislative elections and the formation of the next government, with a focus on consolidating existing gains and continuing major reform programs.
