Moroccanization

Moroccanization (Arabic: مغربة,^[1] 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.^[2][3][4]

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."^[2] Overnight, the portion of industrial enterprises in Morocco that were owned by Moroccans increased from 18% to 55%.^[2]

In the following period, from 1973 to 1977, the Moroccan economy grew at a rate of 7.3% annually, financed mainly with foreign loans.^[2]