Morocco’s state government is making progress to cut the 2019 budget deficit to 3.3 percent. The first step in a series of actions to achieve this goal will be to sell up to 8 % of Maroc Telecom, the kingdom’s main telecom operator. There is also talk that Marrakech’s legendary five-star La Mamaounia Hotel, as well as the Tahaddart power plant in Northern Morocco, will be sold.
Around $527-633 million needs to be procured from selling the investments in order to achieve the new deficit goals.