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Economy


Morocco Prepares for 2030 FIFA World Cup with Ambitious Infrastructure Plans

Morocco is setting the stage for the 2030 FIFA World Cup, which it will co-host with Spain and Portugal, by unveiling a strategic infrastructure development plan as part of its 2025 Finance Bill. This initiative aims to transform key cities into world-class venues, ready to welcome the global sporting......

Morocco Beckons: French Buyers Drawn to Affordable Properties and Cultural Richness in 2024

In 2024, French buyers have discovered a treasure trove of affordable real estate opportunities in Morocco, with apartment prices starting as low as €42,000 and properties outside major cities averaging €600 per square meter. Morocco has emerged as a favored destination for French property......

French Consortium Secures Contract to Expand Morocco's High-Speed Rail Network

Ambitious Project to Strengthen Morocco's Rail Connectivity and Economic Growth In a decisive move to enhance its transportation infrastructure, Morocco's National Office of Railways (ONCF) has awarded a significant contract to a consortium led by the French engineering firm Egis Rail, in partnership......

Morocco's Ascent: IMF Chief Praises Nation's Transformation

In a recent statement coinciding with Morocco's Throne Day celebrations, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), extolled the nation's remarkable economic and social advancements under King Mohammed VI's stewardship. Georgieva's commendation......

Omar Hilale: Morocco's Visionary Reforms Set to Transform Economic and Social Landscape

Ambassador Omar Hilale Highlights Morocco's Ambitious Reforms at International Conference Morocco's Permanent Representative to the United Nations, Ambassador Omar Hilale, has underscored the country's bold and comprehensive structural and sectoral reforms, championed under the leadership......

Morocco's Airports See Record-Breaking Passenger Traffic in First Half of 2024

ONDA Reports Double-Digit Growth in Passenger Numbers and Aircraft Movements Morocco's airports have experienced unprecedented growth in passenger traffic during the first half of 2024, as reported by the Office National des Aéroports (ONDA). The number of passengers soared by 19% compared......

Historic Mamounia Hotel Changes Hands: A $173 Million Deal

In a landmark transaction, the Moroccan government has sold its shares in the legendary Mamounia Hotel to the state-owned OCP Group for a sum of 1.7 billion dirhams ($173 million). This move signals a significant shift in ownership for Morocco's oldest and most illustrious hotel, celebrated globally......

Morocco's Economic Resilience Shines in the Wake of Al-Haouz Earthquake

In a display of remarkable economic fortitude, Morocco has emerged from the devastating Al-Haouz earthquake with its investor confidence largely unscathed, according to a recent report by the prestigious think tank Policy Center for the New South (PCNS). The September 8, 2023 earthquake, which registered......

Morocco's Fertilizer Exports to Brazil Surge, Securing Third Place in Global Market

Morocco's fertilizer exports to Brazil have experienced an unprecedented rise, catapulting the country to the position of the third largest supplier in June 2023. According to data from the Brazilian statistics agency, as reported by RIA Novosti, Morocco's exports surged by 2.3 times compared......

Moroccan Taxis Embrace Digital Transformation

Morocco has taken a significant step forward in modernizing its public transportation system, with taxi drivers across the country now equipped with innovative digital tablets that are revolutionizing the taxi experience. The company behind this transformation is Itechia, which recently launched the......

Morocco Ranks 113th in 2024 World Citizenship Report

Morocco has secured the 113th spot among 188 nations in the latest 2024 World Citizenship Report, published by consultancy CS Global Partners. This comprehensive report evaluates countries based on five key motivators for high-net-worth individuals (HNWIs): safety, economic opportunity, quality of life,......

Navigating Morocco's Housing Sector: Pricing Paradox Amid Transaction Downturn

In a curious twist of fate, Morocco's real estate market encountered a puzzling dynamic in the first quarter of 2024. While property prices showed a modest upward trend, the volume of transactions sharply declined, casting a perplexing shadow over the sector's dynamics. Data released by Bank......

Growing Economic Ties: 850 Moroccan Companies Thrive in the UAE

Dubai's investments in Morocco have surged to an impressive $2.1 billion over the past decade, signaling a robust deepening of bilateral trade relations. As of the first quarter of 2024, the Dubai Chamber has registered approximately 850 Moroccan companies, with 99 new members joining in just the......