The African Development Bank (AfDB) is lending Morocco funds to complete its airport expansion work ahead of the 2030 FIFA World Cup. The bank will lend €270 millionThe African Development Bank (AfDB) is lending Morocco funds to complete its airport expansion work ahead of the 2030 FIFA World Cup. The bank will lend €270 million

Morocco gets $316m loan for airport upgrades

2025/12/15 12:06
2 min read

The African Development Bank (AfDB) is lending Morocco funds to complete its airport expansion work ahead of the 2030 FIFA World Cup.

The bank will lend €270 million ($316 million), which will increase the operational capacity of the kingdom’s airports by upgrading infrastructure and expanding the air navigation system, the state-run MAP news agency reported.

The modernisation initiative is being undertaken at Marrakech, Agadir, Tangier and Fez airports, including the expansion of terminals, the construction of a new control tower in Marrakech, the development of 1.5 million square meters of aircraft parking areas and 7.6 km of taxiways.

“Developing Morocco as a destination and strengthening its logistical competitiveness in preparation for a global event such as the World Cup remains our strategic priority,” said AfDB country office manager in Morocco Achraf Hassan Tarsim.

The modernisation plan will increase passenger capacity for Marrakech airport to 14 million, followed by Agadir (5 million), Tangier (3 million) and Fez (3 million).

In August the Moroccan Airports Authority awarded contracts worth MAD4.4 billion ($440 million) to two local companies, Jet Contractors and SGTM, to expand the Marrakech-Menara and Agadir-Al Massira airports.

In July, the government allocated MAD38 billion to develop airport infrastructure to support economic growth. It has set a target of 17.5 million annual visitors by 2026, increasing to 26 million by 2030, when the country co-hosts the World Cup with Spain and Portugal.

Market Opportunity
Lorenzo Protocol Logo
Lorenzo Protocol Price(BANK)
$0.03828
$0.03828$0.03828
-1.92%
USD
Lorenzo Protocol (BANK) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Tom Lee’s BitMine approaches 50% of goal to hold 5% Ethereum supply

Tom Lee’s BitMine approaches 50% of goal to hold 5% Ethereum supply

The post Tom Lee’s BitMine approaches 50% of goal to hold 5% Ethereum supply appeared on BitcoinEthereumNews.com. Key Takeaways Tom Lee’s Bitmine Immersion (BMNR) have reached nearly 50% of their goal to hold 5% of Ethereum’s total supply. BMNR has been steadily increasing its Ethereum holdings by buying during market dips, reflecting an institutional acquisition strategy. Tom Lee-led Bitmine Immersion (BMNR) is approaching 50% of its goal to hold 5% of Ethereum’s total supply. BMNR has been methodically increasing its Ethereum holdings through targeted purchases during market dips, aligning with Lee’s vision of positioning the company as a major institutional holder of the asset. Lee’s approach with BMNR mirrors strategies seen in other crypto-focused firms, emphasizing Ethereum as a key reserve asset amid growing regulatory clarity in the US. Ethereum remains a dominant blockchain network increasingly adopted by institutions for its smart contract capabilities and layer 2 scaling solutions. Source: https://cryptobriefing.com/tom-lee-bmnr-ethereum-treasury-strategy/
Share
BitcoinEthereumNews2025/10/03 08:46
Pippin (PIPPIN) Price Prediction 2026–2030: Can PIPPIN Hit $0.70 Soon?

Pippin (PIPPIN) Price Prediction 2026–2030: Can PIPPIN Hit $0.70 Soon?

PIPPIN has surged sharply on the daily timeframe, printing a powerful bullish candle with over 25% gains. RSI is holding above 60, signaling strengthening momentum
Share
Coinstats2026/02/23 04:29
‘Love Island Games’ Season 2 Release Schedule—When Do New Episodes Come Out?

‘Love Island Games’ Season 2 Release Schedule—When Do New Episodes Come Out?

The post ‘Love Island Games’ Season 2 Release Schedule—When Do New Episodes Come Out? appeared on BitcoinEthereumNews.com. LOVE ISLAND GAMES — Episode 201 — Pictured: Ariana Madix — (Photo by: Ben Symons/PEACOCK via Getty Images) Ben Symons/PEACOCK via Getty Images We’ve got a text! It’s time for another season of Love Island Games. With fan-favorites returning in hopes of winning the $250,000 cash prize, read on to learn more about Love Island Games Season 2, including the release schedule so you don’t miss a second of drama. Love Island Games is a spinoff in the Love Island franchise that first premiered in 2023. The show follows a similar format to the original series, but with one major twist: all contestants are returning Islanders from previous seasons of Love Island from around the world, including the USA, UK, Australia and more. Another big difference is that games take on much more importance in Love Island Games than the mothership version, with the results “determining advantages, risks, and even who stays and who goes,” according to Peacock. Vanderpump Rules star Ariana Madix is taking over hosting duties for Love Island Games Season 2, replacing Love Island UK star Maya Jama who hosted the first season. Iain Stirling returns as the show’s narrator, while UK alum Maura Higgins will continue to host the Saturday show Love Island: Aftersun. ForbesWho’s In The ‘Love Island Games’ Season 2 Cast? Meet The IslandersBy Monica Mercuri Jack Fowler and Justine Ndiba were named the first-ever winners of Love Island Games in 2023. Justine had previously won Love Island USA Season 2 with Caleb Corprew, while Jack was a contestant on Love Island UK Season 4. In March 2024, Fowler announced on his Instagram story that he and Justine decided to remain “just friends.” The Season 2 premiere revealed the first couples of the season: Andrea Carmona and Charlie Georgios, Andreina Santos-Marte and Tyrique Hyde,…
Share
BitcoinEthereumNews2025/09/18 04:50