Moroccanization

Moroccanization (Arabic: مغربة, French: marocanisation) was a Moroccan domestic economic policy enacted by King Hassan II on March 3, 1973, in which major segments of the private sector were transferred to Moroccan ownership.

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a series about
Hassan II of Morocco
  • Political offices
  • Policies
  • Military

The policy had the effect of "transferring to political loyalists and high-ranking military officers state-held assets, agricultural lands, and enterprises that were more than 50 percent foreign owned." Overnight, the portion of industrial enterprises in Morocco that were owned by Moroccans increased from 18% to 55%.

In the following period, from 1973 to 1977, the Moroccan economy grew at a rate of 7.3% annually, financed mainly with foreign loans.

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