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Economy


High-speed rail project from Kenitra to Marrakech boosts Morocco's connectivity

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 Launches $2.8 Billion Airport Development Plan Under Vision 2030

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......

Morocco's ambitious highway project connects Marrakech and Fès

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......

Standard Chartered considers expansion into Morocco to boost African presence

Standard Chartered Plc is contemplating a strategic expansion into Morocco as part of its growth initiative across key African markets. This move aligns with the London-based bank's broader objective to enhance its wealth management and transaction banking services throughout the continent. Chris......

ONCF awards Italian GCF contracts for high-speed rail extension to Marrakech

The Office National des Chemins de Fer (ONCF) has awarded two construction contracts to the Italian company Generale Costruzioni Ferroviarie (GCF) for the extension of the high-speed rail line connecting Tangier and Kenitra to Marrakech. GCF will lead a consortium that includes its subsidiaries Transalpes......

Alstom to deliver 18 high-speed trains to Morocco for enhanced connectivity

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......

ONHYM announces over 1 billion dirhams investment in exploration

The National Office of Hydrocarbons and Mines (ONHYM) has committed an investment of 1.019 billion dirhams (MMDH) in 2024 for the drilling of four exploration wells, comprising three onshore and one offshore. This year also marks a heightened focus on strategic and critical minerals, which are vital......

Strong growth of Moroccan traditional handicrafts exports in 2025

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......

Ryanair introduces new Manchester to Rabat flight route

Ryanair has announced its plans to launch a new flight route connecting Manchester, UK, to Rabat, Morocco, set to commence on March 30. This new service will operate twice weekly, marking Rabat as the fifth Moroccan destination accessible via direct flights from the northern English airport. With this......

New international airport in Marrakech: A strategic project for the future

Morocco is advancing its ambition to modernize airport infrastructure with the announcement of a new international airport in Marrakech. This initiative is part of the strategic plan "Airports 2030," aimed at addressing the challenges posed by the growing tourism sector and preparing for the......

How the USAID cuts under Trump impact Moroccan development efforts

The recent decisions made by the Trump administration to drastically reduce funding for foreign aid through USAID are poised to have significant implications for humanitarian and economic development in Morocco. With the administration cutting over 90% of its foreign aid contracts and grants, various......

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......

France grants €781 million for 18 Alstom TGVs to Morocco

The French government has extended a Treasury loan of €781 million to Morocco for the procurement of 18 high-speed trains (TGV) from Alstom. This investment is aimed at extending the high-speed rail line (LGV) to Marrakech. This funding is part of the ongoing Franco-Moroccan railway cooperation......