Morocco seeks to revolutionize its mining industry with a new investment plan of $ 1.7 billion by 2030, says Emirati news website +Al Ayn Al Ikhbariya+. Morocco intends to increase its revenues from mining resources, excluding phosphate, to reach 15 billion dirhams (1.7 billion dollars) by 2030 against 6.5 billion dirhams in 2020, by facilitating investments and granting tax incentives, the Emirati media outlet points out.

The development plan for the mining sector over the period 2025-2030 also aims to increase investment in the phosphate sector tenfold, with the aim of reaching 4 billion DH, it says, noting that the plan focuses on strategic minerals linked to the renewable energy sector. The website recalled the recommendations of the new development model, announced last May, and which set out several objectives to be reached by 2030.

The new development model aims to lower the cost of electricity in energy-intensive industries from 1 dh / kWh currently to 0.5 dh/kWh, or 0.057 dollar/kWh, the source underlines. Regarding total energy consumption, the plan aims to increase the share of renewable energies to around 30 to 40 pc.