Morocco Sets Out Multi-Year Growth Strategy Targeting 4.2% Expansion

Morocco has set out a medium-term economic strategy projecting average annual growth of 4.2% between 2027 and 2029, supported by reforms aimed at strengthening key industries, expanding infrastructure, and accelerating economic diversification.

The outlook was outlined in a recent budget framework briefing led by Prime Minister Aziz Akhannouch. The plan builds on an expected 5.2% rise in GDP in 2026, which is positioned as a transition year before the economy enters a more sustained growth phase.

Broad-Based Growth Strategy

The government’s strategy focuses on balancing traditional sectors with emerging industries. Agriculture is expected to continue recovering after periods of volatility, while industrial expansion is set to play a larger role in driving output and employment.

At the same time, Morocco is prioritising high-growth sectors linked to technology and energy transition. Initiatives such as “Digital Morocco 2030” are intended to support digital infrastructure and skills development, while investment in green hydrogen is aimed at positioning the country as a regional energy hub.

Tourism remains a key pillar of the economy, with authorities targeting 17.5 million visitors annually as part of efforts to strengthen foreign currency earnings and support service-sector growth.

Infrastructure Investment and Employment

Large-scale infrastructure development continues to be central to Morocco’s economic planning. Major transport upgrades, including expansion of the high-speed rail network, are planned alongside projects linked to preparations for the 2030 FIFA World Cup.

These developments are expected to generate demand across construction, engineering, logistics, hospitality, and related sectors, creating opportunities for both domestic and international workers.

Fiscal Targets and Economic Management

Alongside growth ambitions, the government is pursuing tighter fiscal discipline. The framework outlines a plan to reduce the budget deficit to 3% of GDP and bring public debt down to around 63% by the end of the forecast period.

To support this, spending controls are being introduced, including limits on non-essential public hiring, while maintaining investment in social support programmes aimed at vulnerable groups.

Labour Market Outlook and International Opportunity

As Morocco advances its diversification strategy, demand for skilled professionals across multiple sectors is expected to rise. Areas such as renewable energy, digital technology, project management, construction, and tourism services are likely to see increased recruitment activity as major national projects progress.

This evolving labour market landscape is also expected to attract international interest, particularly as infrastructure and industrial programmes expand in scale and complexity.

Meet Employers at Job Expo Casablanca

For jobseekers and professionals looking to engage directly with these opportunities, Job Expo Casablanca takes place on 30 May at The Venue, Downtown Casablanca and provides a focused platform to connect with employers operating across Morocco’s growing economy.

The event brings together recruiters and organisations from key sectors including engineering, construction, technology, energy, finance, and hospitality. It offers attendees the opportunity to explore current vacancies, understand hiring trends, and gain insight into the skills most in demand as Morocco’s economic transformation progresses.

As the country moves toward its 2027–2029 growth targets, Job Expo Casablanca serves as a key meeting point for talent and employers shaping the next phase of Morocco’s development.