Economy
Morocco’s unemployment rate fell to 12.8% in the second quarter of 2025, down from 13.1% during the same period last year, according to figures released by the High Commission for Planning (HCP). This marks the first decline after several quarters of rising unemployment, driven largely by job creation......
Chinese automotive interior materials manufacturer Kuntai has announced plans to establish a $13.7 million production facility in Morocco. The investment, led by its subsidiary Kuntai Hongjing Co Ltd, marks a significant step in the company’s international expansion strategy. Integrated production......
Moroccans have spent over MAD 15.5 billion ($1.69 billion) on international travel during the first six months of 2025, according to data released by the Moroccan Exchange Office. This figure marks an 8.2% increase compared to the MAD 14.33 billion ($1.56 billion) spent during the same period in 2024. The......
Morocco’s beer production has experienced a notable decline, positioning the country as a modest player in regional and global beer markets. A recent report by BarthHaas, a leading global hops supplier, revealed that Morocco produced 818,000 hectoliters of beer in 2024, a drop from 835,000 hectoliters......
Morocco’s fuel distribution market remains under the tight control of nine major companies, which collectively generated a net profit of MAD 2.3 billion ($230 million) in 2024, according to a newly released report from the Competition Council. Despite signs of market diversification, these distributors......
Moroccan asset management firm Alphavest Capital and American aerospace giant Boeing have signed a memorandum of understanding (MoU) to create five aerospace excellence centers in Morocco. This strategic partnership aims to bolster the country’s position as a global leader in the aviation manufacturing......
Morocco’s OCP Group has achieved a landmark in water sustainability, completing the country’s longest water pipeline two years ahead of schedule. The 203-kilometer infrastructure transports desalinated water from Jorf Lasfar on the Atlantic coast to the phosphate-rich Khouribga region, addressing......
Morocco and Brazil are forging a deeper economic partnership to foster sustainable growth and shared prosperity, as highlighted during the LIDE Forum held in Marrakech. The event brought together over 100 business leaders and institutional representatives from both nations to explore avenues for enhanced......
Egyptian electric mobility company Blu EV, backed by billionaire Naguib Sawiris, has announced plans to invest $100 million in Morocco by the end of 2025. The company, which specializes in converting gasoline motorcycles into electric ones, aims to expand its presence in North Africa as part of its broader......
A high-level delegation from the Federation of Saudi Chambers of Commerce (FSC), led by its president Hassan Al-Huwaizi, began an official visit to Morocco on Sunday. Comprising over 30 Saudi investors and representatives from government agencies, the visit aims to enhance economic cooperation and identify......
Morocco has reaffirmed its dedication to assisting small island developing states, least developed countries (LDCs), and landlocked nations through its South-South cooperation model. The announcement was made by Abdellah Laghmed, Morocco’s Deputy Permanent Representative to UN organizations in......
The National Railway Office (ONCF) has rolled out its “Summer 2025” plan to handle the surge in passenger traffic during the peak travel season. Running from June 23 to September 14, the initiative aims to enhance travel experiences for domestic passengers, Moroccan expatriates, and tourists......
Foreign direct investment (FDI) in Morocco rose significantly in 2024, reaching $1.64 billion—a 55% increase from $1.05 billion in 2023—according to the World Investment Report 2025, published by the United Nations Conference on Trade and Development (UNCTAD). This marks a critical milestone......
