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The Moroccan capital is one of six cities across the country chosen for matches as the tournaments celebrate its 100th anniversary, with games spread across six countries. It is the first time Morocco will host World Cup matches, and much preparation work is being done.
Construction and restoration projects are underway at sites across Rabat, which is to host several games in the 2030 FIFA men’s World Cup. The Moroccan capital is one of six cities across the country chosen for matches as the tournaments celebrate its 100th anniversary, with games spread across six countries. It is the first time Morocco will host World Cup matches and much preparation work is being done.
Moroccan economist Mohammed Jadri said that the tournament will create many job opportunities for young people, with a high demand currently for those related to construction, public works, and the tourism sector. As one of the main hosts, along with Spain and Portugal, Morocco is hoping the games will boost the economy and put the country higher on the map as a tourist destination.
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Morocco successfully raised €2 billion in euro-denominated bonds on Wednesday, exceeding initial expectations by €500 million in its first Eurobond sale since 2020. According to sources familiar with the matter, the sale attracted over €6.75 billion in total bids.
The North African country issued the bonds in two tranches. The final spread for the four-year note settled at 155 basis points over midswaps, significantly tighter than the initial price talk of 190 basis points.
