Morocco plans to spend $11.7 billion in a post-earthquake reconstruction programme over the next five years, the Royal Palace said on Wednesday.
The plan would target 4.2 million people in the worst-hit provinces, where tens of thousands of buildings have been damaged or destroyed. By one estimate, at least one million people have been directly affected by the earthquake on September 8 that killed about 3,000 and injured 5,000.
The announcement follows the news that the IMF and World Bank plan to hold a meeting in Marrakesh on October 9, scheduled before the disaster, but it will now focus on reconstruction efforts.
IMF managing director Kristalina Georgieva, World Bank president Ajay Banga and Moroccan Economy Minister Nadia Alaoui said they would make some changes to their meeting plans to adapt content “to the circumstances” of the disaster.
Morocco's King Mohammed VI said last week that the country would “conduct the reconstruction process in harmony with the region's heritage and with respect for its specific architectural features”.
Wednesday's cabinet "working session" included discussions on rebuilding homes and reconstructing infrastructure, said Morocco's state news agency, Map.
It also focused on relocating people who have been affected by the earthquake, and improving the economic situation. The king also ordered the establishment, in each of the affected areas, of reserve supplies such as tents, blankets, beds, medicine and food.
Last week, the royal palace said that 50,000 houses were known to have been damaged and authorities would provide shelter and $3,000 to affected households. It also pledged to offer reconstruction aid of $13,600 for collapsed homes and $7.800 for damaged ones.
Since the September 8 quake, the king has chaired two emergency response meetings with officials in Rabat, visited a hospital in Marrakesh and donated blood as appeals for donors were being made.
The 6.8-magnitude quake was the deadliest in Morocco since 1960.
Company%C2%A0profile
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The biog
Nickname: Mama Nadia to children, staff and parents
Education: Bachelors degree in English Literature with Social work from UAE University
As a child: Kept sweets on the window sill for workers, set aside money to pay for education of needy families
Holidays: Spends most of her days off at Senses often with her family who describe the centre as part of their life too
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
'Jurassic%20World%20Dominion'
%3Cp%3EDirector%3A%20Colin%20Trevorrow%3C%2Fp%3E%0A%3Cp%3EStars%3A%20Sam%20Neill%2C%20Laura%20Dern%2C%20Jeff%20Goldblum%2C%20Bryce%20Dallas%20Howard%2C%20Chris%20Pratt%3C%2Fp%3E%0A%3Cp%3ERating%3A%204%2F5%3C%2Fp%3E%0A