X

Economy


UAE Ascends as Leading Arab Investor in Morocco, Secures Second Spot Globally

In a significant milestone for economic cooperation, the United Arab Emirates (UAE) has firmly established itself as the largest Arab investor in Morocco and the second largest on a global scale. This development, highlighted by Hassan Berkani, President of the Casablanca-Settat Chamber of Commerce,......

Holged Expands Preschool Education Footprint with Acquisition of Kenzi Nursery

The Moroccan preschool education sector is witnessing a new dynamic as Holding générale d'éducation SA (Holged) acquires Crèche jardin d'enfants Kenzi SARL. This transaction marks a significant milestone in Holged's expansion, further strengthening its investments......

Crown Prince Moulay El Hassan Inaugurates Landmark $653 Million Desalination Plant in Casablanca

Africa's Largest Desalination Project Set to Address Morocco's Water Crisis In a significant leap towards addressing Morocco's burgeoning water crisis, Crown Prince Moulay El Hassan has officially commenced the construction of a monumental seawater desalination plant in Casablanca. The groundbreaking......

China Partners with Morocco to Establish Pivotal Electric Battery Hub

In a significant development marking a strategic collaboration between China and Morocco, Chinese companies are channeling substantial investments into transforming the North African nation into a key hub for electric car battery production and export. With investments amounting to at least €2.45......

Casablanca’s Mohammed V Airport Unveils State-of-the-Art Transit Zone

Casablanca, Morocco – In a bid to redefine the passenger experience and bolster security measures, the National Airports Office (ONDA) has inaugurated a cutting-edge transit zone at Casablanca’s Mohammed V International Airport. This significant development is set to cater to the increasing......

Holmarcom Solidifies Dominance in Moroccan Banking Sector

In a strategic move consolidating its position in the Moroccan financial landscape, Holmarcom, the renowned conglomerate, has finalized its acquisition of Credit Agricole's entire stake in Credit du Maroc, a major banking institution in the country. This transaction grants Holmarcom an impressive......

Morocco's Entrepreneurial Surge: OMPIC Reports Nearly 25,000 New Businesses in Q1 2024

In a testament to the Kingdom's thriving entrepreneurial ecosystem, the Moroccan Office for Industrial and Commercial Property (OMPIC) has unveiled remarkable statistics showcasing the nation's vibrant business landscape. According to OMPIC's comprehensive dashboard report on enterprise creation,......

Morocco Fortifies Domestic Oil Transport Capabilities with New Korean-Built Tanker

Morocco's ambitions in the petroleum sector continue to soar as the nation strengthens its domestic oil transport capabilities with the addition of a new South Korean-built tanker. Set for assembly at the Casablanca shipyard, this vessel marks a significant stride in Morocco's strategic vision......

Morocco and Catalonia: Strengthening Economic Bonds through Innovation and Partnership

Top business figures and diplomats from Morocco and Catalonia gathered in Casablanca on June 4th to discuss advancing commercial cooperation at the Morocco-Spain Economic Meeting with a Focus on Catalonia. The forum, hosted by Morocco's General Confederation of Enterprises (CGEM), aimed to identify......

Guiding Morocco's Renewable Energy Future: Tarik Moufaddal Leads the Charge

Morocco's commitment to sustainable energy receives a significant boost as Tarik Moufaddal assumes the role of Chief Executive Officer at the Moroccan Agency for Sustainable Energy (MASEN). Moufaddal's appointment, endorsed during a ministerial council led by King Mohammed VI in Casablanca, marks......

Royal Air Maroc, CDG Group Partner to Boost Moroccan TravelTech Innovation

Moroccan aviation powerhouses Royal Air Maroc and CDG Group have joined forces in a groundbreaking partnership, igniting a TravelTech transformation within the nation's burgeoning startup ecosystem. This strategic alliance, unveiled on Tuesday, aims to nurture and empower promising Moroccan startups,......

RAM Expands Reach, Establishes Direct Route Between Casablanca and Nigeria's Capital

Royal Air Maroc (RAM), Morocco's national carrier, has unveiled an ambitious plan to strengthen its ties with Nigeria, Africa's most populous nation. The airline has announced the launch of a direct air link between Casablanca and Abuja, the Nigerian capital, set to commence on June 23, 2024. In......

Alonso Group Charts New Course, Expanding Logistics Empire to Moroccan Shores

Alonso Group, a prominent player in the Spanish logistics sector, is embarking on a new venture, extending its influence into the burgeoning Moroccan market. With the establishment of Alonso Forwarding Morocco, the company is strategically positioning itself to capitalize on opportunities in North Africa,......