Spain has announced a financial commitment of €340 million (approximately MAD 3.65 billion) for the construction of Africa’s largest desalination plant in Casablanca.

The funding agreement was formalized on Wednesday during an official ceremony attended by Spain’s Secretary of State for Trade, Amparo López Senovilla, and Morocco’s Minister of Economy and Finance, Nadia Fettah Alaoui.

The event also gathered Tarik Hamane, Director General of Morocco’s National Office of Electricity and Drinking Water (ONEE), Spain’s Ambassador to Rabat, Enrique Ojeda Vila, along with several representatives from the bilateral business community.

“This project not only responds to a vital need, but also symbolizes the excellence of economic relations between Spain and Morocco, based on trust and business cooperation,” stated López Senovilla during the ceremony.

The massive project, led by a consortium including Spanish firm Acciona alongside Moroccan companies Green of Africa and Afriquia Gaz, will have a production capacity of 838,000 cubic meters per day, equivalent to 300 million cubic meters annually.