Economy
Morocco has emerged as a pivotal player in the global automotive sector, transforming from an outsider to the leading car producer in Africa. Remarkably, it has become the primary supplier of vehicles to the European Union, surpassing established giants......
A high-level economic delegation from Spain’s Valencia region will visit Tangier on June 2 and 3 to reinforce trade and investment ties with Morocco. Organized by the Valencia Chamber of Commerce, the Tangier-Tetouan-Al Hoceima Chamber of Commerce, and the Moroccan Consulate General in Valencia,......
Shandong Yongsheng Rubber, a leading Chinese tire manufacturer, has confirmed plans to establish a tire production facility in Morocco’s Kenitra Automotive City. Founded in 1986, the company seeks to expand globally by leveraging Morocco’s geographic and trade advantages. The factory will......
The Moroccan government has finalized four significant investment agreements with Catalan companies, totaling MAD 500 million ($50 million) and promising the creation of over 700 direct jobs. This initiative marks a vital progression in enhancing economic relations between Morocco and Spain. High-level......
Samta Metals & Alloys inaugurated a major industrial facility in the Atlantic Free Zone of Kenitra, investing around $70 million (approximately 700 million dirhams). The metal processing complex covers more than 36,000 square meters and will focus on recycling non-ferrous scrap metals to manufacture......
Construction of Africa’s inaugural gigafactory is poised to commence within days in Kenitra. Gotion Power Morocco has completed the preparatory groundwork for this monumental battery manufacturing facility. The Sino-European electric vehicle battery powerhouse signed a significant investment agreement......
French newspaper “Le Dauphiné libéré” has hailed Morocco as “the new Eldorado” for automotive manufacturers, highlighting the country's burgeoning automotive sector as a vital pillar of its economy and the leading export industry. Morocco has successfully......
The Nigeria-Morocco gas pipeline project has achieved significant milestones, with crucial agreements signed and feasibility studies completed. This ambitious initiative aims to enhance energy access for approximately 400 million people across 13 countries, marking a transformative step in regional energy......
In recent years, Morocco has seen a notable increase in the number of Chinese tire manufacturers establishing their operations within the country. This surge is part of a broader strategy to attract foreign investment and diversify international partnerships, particularly in vital sectors such as the......
The Casablanca–Tangier High-Speed Line has become a powerful symbol of Morocco’s modernization and progress. Launched in 2018, this pioneering project the first high-speed train service in Africa has revolutionized travel between the country’s major cities and enhanced Morocco’s......
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 has officially initiated a tender process, signaling its commitment to developing national gas infrastructure and establishing the country’s first liquefied natural gas (LNG) terminal at the Nador West Med Port. Energy Minister Leila Benali made the announcement during her participation......
French company Alstom has announced its commitment to provide Morocco with approximately 18 high-speed trains of the "Avelia Horizon" model, as part of the kingdom's railway network expansion. In a statement released recently, Alstom, a global leader in sustainable smart transport, confirmed......
