Economy
Tesla has officially entered the Moroccan market by creating a local subsidiary headquartered in Casablanca. The move positions Morocco as a key hub for Tesla’s operations in North Africa and a launchpad for its broader ambitions across the African continent. The subsidiary, established on May......
Morocco’s Direct Housing Support Program has successfully reached 48,000 beneficiaries since its inception on January 2, 2024. The program has secured funding totaling MAD 3.8 billion (approximately $380 million), according to Fatima Zahra El Mansouri, Minister of National Territory Planning, Urban......
The launch of the Kenitra–Marrakech High-Speed Rail (HSR) line by His Majesty King Mohammed VI marks a transformative step for Morocco’s national transportation network. Designed with substantial socio-economic benefits in mind, this ambitious infrastructure project builds on the success......
Morocco is ramping up its road infrastructure projects to align with international standards as it prepares for the FIFA 2030 World Cup. The country currently boasts an extensive highway network spanning over 2,177 kilometers, as reported by Minister of Equipment and Water Nizar Baraka. During a recent......
Morocco has launched a comprehensive airport modernization program worth 28 billion dirhams as part of its "Airports 2030" vision, announced Minister of Transport and Logistics Abdessamad Kayouh during a parliamentary session in Rabat. The initiative centers on building a new international......
Preliminary studies are officially underway in Morocco to define the technical specifications and financial arrangements for a new highway project linking Marrakech to Fès via Beni Mellal and Khénifra. The estimated cost of this infrastructure is approximately 28 billion dirhams. According......
City officials in Fez have announced an ambitious initiative to enhance the city's video surveillance network as part of a comprehensive urban development strategy. This project, spearheaded by the Local Development Company Fez Region Planning (FRA), will allocate over MAD 140 million (approximately......
Moroccan traditional handicrafts exports saw significant growth in 2025, with a 27% increase in the first two months of the year compared to the same period in 2024, totaling exports exceeding 231 million dirhams. This growth trend was particularly strong in January 2025, which saw a 31% increase compared......
In a significant move to bolster the textile industry, Moroccan Prime Minister Aziz Akhannouch presided over the signing of an investment agreement with the Chinese conglomerate Sunrise Group on March 20, 2025, in Rabat. This partnership aims to enhance the competitiveness of Morocco's textile sector......
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......
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......
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 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......
