Thee Morocco has enrolled in recent years in a dynamics of economic development "very proactive", said Monday in Paris, the CEO of the Caisse Deposit and Management (CDG), Abdellatif Zaghnoun.
This dynamic is based on two pillars; sectoral strategies and investments in major infrastructure programs, "he said at a panel discussion on" Innovative financing solutions to counteract globalization. infrastructure on the economies ", as part of the work of the Week" Paris Infraweek 2019 "(7-10 October).
CDG has supported this development strategy by leveraging its operational financing capabilities to develop several infrastructure projects, both on conventional infrastructure assets and asset classes. less traditional infrastructure with different investment rationale, he explained.
Zaghnoun recalled the central role of CDG in financing and developing economic activity zones, including, inter alia, industrial zones, free zones, technology parks and offshoring.
And add that the CDG is behind the financing and development of major urban renewal projects or new cities, noting that in a more traditional way, CDG has hosted the incubation of the largest project of the last decade to Morocco, namely the Port Tanger Med.
The institution remains a central player in the financing of the development of this project by being a reference shareholder in his tour de table, said Zaghnoun.
As part of its new strategic vision, he explained, CDG has decided to reorient its position on infrastructure financing by addressing new investment theses incorporating almost systematically the dimensions of sustainable development specific to the region. Morocco.
These strategic choices of this public establishment created in 1959 are in line with the major economic stakes of Morocco, added Zaghnoun.
With regard to the section on innovative solutions involving private financing, he noted that for CDG, innovation is a necessity rather than an embellishment effect.
According to him, the project of installation of the Renault factory in the Kingdom is a "case study of an innovative intervention of the CDG in an economic and financial context which was strongly disturbed by the financial crisis".
The week "Paris Infraweek 2019" opened Monday at the French Ministry of Economy and Finance, with a focus on four emerging countries including Morocco.■
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