EIB extends green loan to decarbonize Morocco’s industries: The European Investment Bank (EIB) has extended a EUR 115 mn green loan to Medz, a subsidiary of Morocco’s largest institutional investor, CDG Group, for the expansion and decarbonization of ten technology parks across five regions of the country, according to a statement released last week. The technology parks will host integrated corporate clusters, industrial platforms, and research, development, and innovation centers, as well as educational elements focused on sustainability.

About the project: The project — called Technopoles Maroc II — was announced in November 2022 with an estimated total value of EUR 307 mn. The project falls under the EU’s Green Partnership which aims to work on energy efficiency and climate adaptation projects, in line with the Bank’s climate objectives.

EIB 💚 Morocco: The lender and the Moroccan Economy and Finance Ministry signed a EUR 100 mn financing agreement to support the sustainable development of forests in Morocco last month.

About CDG Group: CDG Group is a state-owned financial institution which manages long-term savings in Morocco. The group’s portfolio also includes projects in territorial development, tourism, investment, banking, and finance.

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