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Economy



Urban poverty risks rise in Morocco despite national progress

A recent survey conducted by Morocco’s High Commission for Planning (HCP) highlights an alarming increase in vulnerability to poverty within urban areas, signaling a need for targeted interventions. The national survey, based on data from 18,000 households collected between March 2022 and March......

Economic disparities persist in Morocco despite moderate growth in 2022-2023

The High Commission for Planning (HCP) has unveiled the findings of its National Household Living Standards Survey, conducted between March 2022 and March 2023. Based on data from 18,000 representative households across Morocco's regions and socioeconomic groups, the study highlights a structural......

M’diq port reports 33% increase in fish landings for January

The M’diq port recorded 247 tonnes of coastal and artisanal fish landings in January, marking a 33% rise compared to the same period last year, according to the National Fisheries Office (ONP). The market value of these landings also surged by 49%, exceeding 15.25 million dirhams (MDH), up from......

Morocco's renewable energy output set to surge 16% annually through 2027

Morocco's renewable energy production is expected to experience significant growth, with annual increases averaging 16% between 2025 and 2027, according to a recent report from the International Energy Agency (IEA). This expansion will boost renewables' share in the country's electricity......

Paraguay targets Morocco's beef market amid drought-driven livestock decline

Paraguay's meat industry is making strategic moves to expand its presence in Morocco's beef market, aiming to double its current exports of 4,500 tons. This expansion initiative comes as Morocco grapples with severe agricultural challenges due to prolonged drought conditions. Recent meetings......

Morocco: A rising power in the automotive industry

Morocco is emerging as a key player in the automotive industry in Africa and the Mediterranean region, according to the Spanish daily Mundo Deportivo. The country has positioned itself as a major production and export hub, supplying vehicles to over 70 countries, including France, Spain, and Italy.......

Morocco’s cannabis industry thrives with over 22 new products

More than two years after Morocco legalized cannabis-based products, the industry is experiencing significant growth, marked by the introduction of over 22 innovative, high-quality products. The national market now offers a diverse range of dietary supplements, including cannabis oil, which promotes......

Morocco narrows down train manufacturing bid to CAF and Hyundai

Morocco is nearing a decision in its ambitious plan to procure 150 regional and commuter trains, with the Spanish company Construcciones y Auxiliar de Ferrocarriles (CAF) and South Korea’s Hyundai Rotem emerging as the final contenders. This follows the exclusion of Talgo, Alstom, and the Chinese......

H&S Invest Holding expands real estate portfolio with GIDNA partnership

H&S Invest Holding, chaired by Moncef Belkhayat, has taken a significant step in its growth strategy by acquiring a co-controlling 25% stake in GIDNA, a Moroccan company specializing in construction and public works. This move, pending approval from the Competition Council, aims to drive GIDNA’s......

Eid Al-Adha: Morocco tackles severe livestock shortage with strategic imports

A significant decline in Morocco's livestock population has prompted swift government action, including major import initiatives and support measures for local farmers. The national herd has decreased by 38% since 2016, as revealed by Agriculture Minister Ahmed Bouari during a recent press conference. The......

Casablanca unveils ambitious plan to expand provincial road 3011

Casablanca's local authorities are set to launch an extensive project to triple the capacity of provincial road 3011. This 1.8-kilometer stretch connects the roundabout on Sidi Maârouf road to the overpass spanning the A1 highway. With an allocated budget of 42 million dirhams, the initiative......

Strategic partnership between Morocco and South Korea to diversify supply chains

In the context of reshaping trade exchanges, a delegation from the Korea Importers Association, led by its president Kim Byung Kwan, held a business forum and consultations in Rabat to explore new opportunities with Morocco. The aim was to secure supplies and reduce dependence on traditional markets. During......

JTI earns top employer status in Morocco for fourth consecutive year

Japan Tobacco International (JTI) has once again secured the prestigious title of "Top Employer" in Morocco, marking its fourth consecutive year of recognition. This accolade highlights the company's unwavering commitment to creating a work environment that prioritizes innovation, well-being,......

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