The 2030 World Cup will inject 1.2 billion dollars in Morocco

A recent report published by Valoris Security, a company specialising in analysing the Casablanca Stock Exchange, revealed that the hosting of the 2030 World Cup in Morocco, along with Spain and Portugal, is expected to inject 1.2 billion dollars into the Kingdom's economy.   

The firm says in the report that if Morocco hosts a third of the total number of matches - 104 - it would add between 850 million and 1.2 billion dollars to its national economy, as the Kingdom is estimated to earn between 25 million and 37.5 million dollars per match.  

Morocco intends to refurbish six football stadiums and build a new stadium with a capacity of more than 100,000 fans at a total cost of approximately 20.5 billion dirhams (2 billion dollars), in preparation for the 2030 World Cup but also for the 2025 Africa Cup of Nations.

For the moment, the holding of the World Cup has already prompted investment projects in the North African country, both by local and foreign companies, which also want to benefit from the profits that the sporting competition will offer, which Morocco has already promised will be "the best football event in the world and in the history of FIFA".  

Taking advantage of the World Cup, the Kingdom wants to promote private sector investment with the aim of increasing its participation from the current one-third to two-thirds by 2035. To this end, the Moroccan government has pledged to provide financial incentives to investors in the infrastructure, tourism, industry, health and water sectors.

Morocco's tourism sector capacity is expected to increase by 40,000 rooms to a total of 330,000 hotel rooms by 2026, according to the State Tourism Engineering Company's roadmap to meet expected demand.