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Economy


Addressing high seafood costs: Morocco's Affordable Fish initiative success

Morocco has witnessed significant public discourse surrounding exorbitant fish prices, particularly in its coastal cities. The Ministry of Agriculture and Fisheries reports remarkable outcomes from the seventh edition of the "Affordable Fish" initiative, launched on February 22, which has successfully......

Smart energy innovation: new production line for intelligent electric meters inaugurated in Fès

A milestone in Morocco's industrial and energy sectors was marked on Wednesday with the inauguration of a state-of-the-art production line for intelligent electric meters at the Bensouda industrial zone in Fès. The facility, developed by Zinco, a subsidiary of the Zinelec group, represents......

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......

Morocco's handicraft sector generates $14 billion in annual revenue, showcases export growth

Morocco's traditional handicraft industry has emerged as a significant economic powerhouse, generating annual revenues of MAD 140 billion ($14 billion) and contributing 7% to the national Gross Domestic Product. Secretary of State for Handicrafts Lahcen Saadi presented detailed data during a meeting......

Morocco's airport traffic soars: A glimpse into ambitious 2035 passenger goals

Morocco's airports processed over 32 million passengers in 2024, with plans to triple capacity by 2035, according to Transport and Logistics Minister Abdessamad Kayouh's report to the House of Representatives. The nation aims to expand its airport traffic significantly, targeting 60 million......

Morocco unveils $9 billion railway modernization plan through 2030

Morocco's ambitious transportation infrastructure plan will inject MAD 96 billion ($9 billion) into railway upgrades by 2030, Transport and Logistics Minister Abdessamad Kayouh announced in Rabat. The comprehensive initiative aims to dramatically expand the nation's rail connectivity while modernizing......

Major Logistics Hub Launches in Casablanca with $29.7 Million Investment

Building Logistics Services (BLS) has inaugurated a significant new logistics center in Casablanca's Tit Mellil district, marking a substantial investment of MAD 300 million ($29.79 million) in Morocco's infrastructure development. The newly established BLS Casa Hub spans an impressive 50,000......

Morocco's Ambitious Road Infrastructure Plan: Aiming for 67% Optimal Conditions by 2027

In a significant stride towards enhancing its road infrastructure, Morocco has set an ambitious target to upgrade 67% of its roads to optimal condition by 2027. This initiative, spearheaded by the Minister of Equipment and Water, Nizar Baraka, aims to address regional disparities and improve overall......

Morocco Reports 31% Rise in Money Laundering and Terrorism Financing Cases in 2023

New trends include links to sports betting, pyramid schemes, and cryptocurrency transactions. The Moroccan Financial Intelligence Unit (ANRF) has documented a sharp 31.48% increase in cases of money laundering and terrorism financing in 2023, as revealed in its latest annual report. A total of 71 cases......

Morocco Approves $13.4 Billion in Investment Projects, Targeting Job Creation and Economic Growth

The Moroccan government, led by Head of Government Aziz Akhannouch, has approved 56 investment projects valued at 134 billion Moroccan dirhams ($13.4 billion), signaling a robust commitment to economic development and employment generation. Strategic Investment Breakdown During the sixth session of......

Morocco Secures Major Foreign Investments While Preparing for Global Sports Events

Morocco's economic landscape is experiencing significant transformation, marked by substantial foreign investments and ambitious infrastructure developments. The nation's strategic focus on automotive manufacturing and green hydrogen initiatives is reshaping its industrial sector, while preparations......

Air Arabia Expands European Reach with New Fez-Milan Route

Air Arabia is set to enhance its European network with the launch of a new direct route connecting Fez, Morocco, to Milan-Bergamo, Italy. This strategic expansion, scheduled to commence on December 15, 2024, aims to bolster travel options for both tourists and business travelers between North Africa......

Morocco and Senegal Forge Railway Alliance: A New Era of African Transportation Cooperation

Morocco and Senegal have taken a significant step towards strengthening their partnership in the transportation sector. On Thursday, the two nations signed two framework cooperation agreements aimed at boosting railway development, marking a new chapter in their bilateral relations. The agreements were......