Morocco finally unveiled its “Digital 2030” strategy on the 25th of September. The strategy was set up to make Morocco the digital hub of Northern Africa with a $1.1B funding.
The goal is to explore and utilize the prevalent revolutionary technologies like artificial intelligence (AI), Distributed Ledger Technology (DLT), and cloud services, hence, sustaining a healthy environment for innovative startups.
Goals of the Digital 2030 Strategy
Morocco’s Digital 2030 strategy strives to generate about 240,000 jobs in the digital sector by 2030, which arguably adds about 100B dirhams (around $10.36B) to Morocco’s gross domestic product (GDP). This would be a good starting point for the country’s goal of growing digital export revenues to 40B dirhams ($4.15B).
Additionally, there’d be a betterment in Morocco’s standing in the United Nations Online Services Index, going from the 100th to the 50th position at a global level through the strategy. However, the actualization of this would also involve the creation of 3000 startups and an immense growth of 5G coverage to 70% of the country’s territory.
According to Ghita Mezzour, the Minister of Digital Transition, the importance of transforming Morocco into a digital dominant cannot be overemphasized. She mentioned that the priorities lie in fostering economic growth, accentuating public services, and enriching the quality of life for the residents.
In her address, she also mentioned that that strategy will build the digital sector by streamlining and digitizing services for sustainable development through digital technologies, including Distributed Ledger Technology.
The Digital 2030 strategy will supposedly acquire funding of more than $1.1B, covering the development of FAB labs and prototyping centers, and these are facilities designed to support innovation and the creation of new digital products and services.
More Recorded Progress in DLT
Aside from the Digital 2030 strategy, Morocco has already started to integrate Distributed Ledger Technology (DLT). This can be attributed to the success of the blockchain engineering course introduced in March by Binance Academy and the Blockchain Centre at a university in Casablanca, aiming to educate over 1M students globally by 2026.
Also, a Moroccan startup, Tookeez, which uses blockchain for customer loyalty programs, has secured $1.5M in funding to grow its operations. The funding round was led by Azur Innovation Fund, a remarkable public-private seed capital fund based in Casablanca.
Support from Industry Leaders
Kamal Youssefi, the President of the Hashgraph Association, who was present at the unveiling of the Digital 2030 strategy lauded the Moroccan government for the launch of the Digital Morocco 2030 National Strategy.
In his words, “We are honored to be invited to the launch of the Digital Morocco 2030 National Strategy. We intend to support the Moroccan government in its digitization endeavors, leveraging the distributed ledger technology (DLT) of Hedera Hashgraph. We have already started this digital transformation journey with the strategic partnerships signed at Gitex Africa 2024 with the Agency of Digital Development (ADD) and UM6P Ventures.”
The Hashgraph Association seemingly aims to partner with the Agency of Digital Development to improve citizen services using the Hedera Distributed Ledger Technology network and Web3 technologies. In addition, the collaboration with UM6P Ventures, the early-stage venture capital firm linked to Mohammed VI Polytechnique University, aspires to promote entrepreneurship and supercharge scientific innovation and co-investment opportunities within Morocco and the African region.
Final Thoughts
The Digital 2030 strategy launched by Morocco is going to be a massive boost to the country’s economy at large. It displays the keen interest of the government to implement new technologies in growing the country.
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