Economy
GPC Papier et Carton, a subsidiary of Ynna Holding and a leader in Morocco’s paper and corrugated cardboard packaging industry, has announced a significant investment of MAD 500 million ($55.56 million) to modernize its plant in Mohammedia. The upgrade aims to boost production capacity, adopt cutting-edge......
Morocco’s National Railway Office (ONCF) has secured €202 million in financing from Germany's KfW Development Bank to upgrade the Greater Casablanca railway network. This funding follows a $350 million loan approved by the World Bank in June, both supporting the “Service Intra-métropolitain......
China is seeking to deepen its multisectoral collaboration with Morocco, positioning the North African country as a key entry point for expanding its influence across Africa. The partnership spans healthcare, trade, and technology, with both nations emphasizing shared goals for regional development and......
Morocco is cementing its position as a regional leader in renewable energy with an ambitious goal to achieve 20 gigawatts of renewable energy capacity. This target, announced by Energy Transition and Sustainable Development Minister Leila Benali, represents a doubling of the country’s current installed......
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......
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......
Mohammed Hussein Al Amoudi, the Saudi billionaire and former owner of Morocco's Samir refinery, is currently pursuing the enforcement of an award from the International Centre for Settlement of Investment Disputes (ICSID) against Morocco. This effort aims to resolve a prolonged legal dispute with......
In a landmark decision on Monday, the International Centre for Settlement of Investment Disputes (ICSID) dismissed the majority of claims brought by Corral Morocco Holding against the Moroccan state concerning the SAMIR oil refinery case. The ICSID awarded Corral a modest $150 million in compensation,......
The Moroccan storage company SOMAS has officially unveiled its fourth butane gas storage cavity in the rural commune of Mohammedia, located 87.1 kilometers from Casablanca. This ambitious project, which represents a significant investment of MAD 400 million ($40.9 million), has substantially boosted......
