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Economy


Canadian mining firm expands its footprint in Morocco's mineral-rich region

Aya Gold & Silver Inc. has significantly expanded its Boumadine exploration project in Morocco, acquiring four new mining licenses that increase its operational area by 28.3% to 271.5 square kilometers. The company's strategic expansion, announced on February 5, 2025, marks a substantial development......

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's natural gas production set to begin by late 2025

Morocco is on the cusp of entering the liquefied natural gas (LNG) market, marking a pivotal moment in its quest for energy independence. The Tendrara gas liquefaction facility, developed by British company Sound Energy, is nearing completion in eastern Morocco, with production trials slated to begin......

Morocco's private sector priorities highlighted in meeting with IMF delegation

In a significant gathering in Casablanca, Morocco’s General Confederation of Enterprises (CGEM) engaged with an International Monetary Fund (IMF) delegation to discuss pressing socio-economic priorities. Led by CGEM Vice President Mehdi Tazi, the meeting featured various commission heads and emphasized......

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......

Morocco's national railway sets ambitious passenger and revenue targets for 2025

Morocco's National Office of Railways (ONCF) has unveiled plans to achieve record-breaking numbers in 2025, targeting 57 million passengers and revenue exceeding $500 million (MAD 5 billion). The strategic blueprint aligns with Morocco's preparations for hosting major sporting events, including......

Marrakesh Craft Exports Hit Record High as US Demand Soars

The historic city of Marrakesh has recorded an exceptional performance in its traditional handicrafts sector, with exports reaching MAD 458 million (USD 45.8 million) in 2024, marking a robust 41% increase from the previous year's figures. This significant growth underscores the rising global appeal......

Morocco's Urban Centers Join Africa's Most Expensive Cities in 2025

Three of Morocco's major cities have emerged among Africa's top 10 most expensive urban centers in 2025, according to Numbeo's latest Cost of Living Index. Casablanca leads the Moroccan contingent, securing the fourth position with a 31.4 cost of living index, while Rabat and Marrakech follow......

Morocco's International Travel Spending Soars to $2.6 Billion, Defying Local Survey Predictions

Moroccan citizens' expenditure on international travel reached a remarkable 26.7 billion Moroccan dirhams ($2.6 billion) by November 2024, according to recent data released by the Exchange Office. This represents a substantial increase of 4.5 billion MAD ($447,359) compared to the previous year's......

France Invests 2 Billion Euros in the Kénitra-Marrakech High-Speed Rail Project

The Kénitra-Marrakech high-speed rail project, one of the most anticipated infrastructure initiatives in Morocco, is progressing rapidly. Aimed at modernizing the country's rail transport system, this ambitious project benefits from strong international cooperation and a complex financial......

French Group NGE Secures First Contract for Kenitra-Marrakech High-Speed Rail Expansion

French construction group Nouvelles Générations d’Entrepreneurs (NGE) has announced its successful bid for Lot 3 of Morocco’s high-speed rail expansion project, linking Kenitra and Marrakech. This marks the company’s first railway contract in the country and aligns with......

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......

SGTM Wins $200 Million Final Contract for Kenitra-Marrakech High-Speed Rail Project

Morocco’s new high-speed rail will cut journey times between Tangier and Marrakech from seven hours to just 2 hours 45 minutes by 2029. Morocco’s National Railways Office (ONCF) has awarded the eighth and final lot of civil engineering works for the Kenitra-Marrakech high-speed rail line......