Economy
Amid the ongoing expansion of the thriving Haliopolis industrial park in Agadir, boasting an impressive occupancy rate exceeding 90% in its initial 75-hectare phase, a new seafood processing plant is poised to join the burgeoning hub. Quality Sea Product, a family-owned SME specializing in cephalopods......
Swedish manufacturing powerhouse Trelleborg has announced plans to establish a state-of-the-art industrial unit at Morocco's Midparc industrial platform near Casablanca. The multimillion-euro investment is set to bolster Morocco's growing aerospace sector and further establish the country as......
From June 8 to 13, 2024, the Moroccan Agency for Investment and Export Development (AMDIE) is set to organize a business-to-business (B2B) mission to London, United Kingdom, and participate in the PCIM Europe trade fair in Nuremberg, Germany, from June 11 to 13, 2024. The primary goal of this mission......
Casablanca, a bustling economic hub, is gearing up for a transformative initiative aimed at streamlining commercial activities and alleviating urban congestion. According to the Arabic daily Assabah, a plan is in motion to relocate large-scale commercial operations from the historic Derb Omar market......
In a remarkable display of entrepreneurial dynamism, Morocco has witnessed the establishment of 16,171 new businesses across the nation by the end of February. This surge in enterprise creation highlights the country's vibrant economic landscape and the unwavering spirit of its entrepreneurs. According......
Morocco's strategic efforts to engage its diaspora have paid off significantly, with $2.7 billion in remittances received by the end of March 2024. Although slightly lower than the same period last year, this substantial inflow underscores the crucial role that Moroccans living abroad play in driving......
In a strategic move to bolster economic infrastructure and foster investment in the northern region, the Agency for the Promotion and Development of the North (APDN) has launched a call for tenders for the construction of an economic and artisanal activity zone (ZAE) in the Coelma district of Tétouan.......
The International Monetary Fund (IMF) has issued a concerning report highlighting the surge in female unemployment rates across Morocco, signaling the disproportionate impact of economic hardships on women in the nation's workforce. According to the report, female unemployment in Morocco reached......
British energy company Chariot has commenced drilling operations at the Loukos Onshore license in Morocco, marking a significant milestone in its exploration efforts. Chariot, based in London, holds a 75% stake in the license, with the national hydrocarbons agency ONHYM owning the remaining 25%. Chariot......
Morocco's persistent trade deficit is showing signs of improvement as the cost of imports declines while exports continue to rise. According to the latest figures from the Office d'Exchange (OE), the trade imbalance contracted by 14% in March 2024, with import costs falling by 4% year-over-year......
OLA Energy Morocco, a leading energy company in Morocco and a significant player in Africa's energy sector, announced on Monday an expanded agreement with ExxonMobil Petroleum & Chemical BV to blend Mobil-branded lubricants in Morocco. Building on their existing partnership, this initiative......
In a remarkable display of the region's thriving fishing industry, the port of Tarfaya has witnessed a staggering 51% increase in coastal and artisanal fishing landings during the first three months of the current year. According to the National Fisheries Office (ONP)'s latest report on coastal......
In a groundbreaking initiative, the Directors General of the Caisse des Dépôts institutions from Morocco, France, Italy, and Tunisia came together on May 2nd at the Cassa Depositi e Prestiti headquarters in Rome. Khalid Safir, Eric Lombard, Dario Scannapieco, and Nejia Gharbi convened to......
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