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Economy


Morocco: A rising power in the automotive industry

Morocco is emerging as a key player in the automotive industry in Africa and the Mediterranean region, according to the Spanish daily Mundo Deportivo. The country has positioned itself as a major production and export hub, supplying vehicles to over 70 countries, including France, Spain, and Italy.......

Tanger Med posts record revenue of 4 billion dirhams in 2024

The Tanger Med port complex continues to experience strong growth, achieving a record revenue of 4 billion dirhams in 2024, marking a 10% increase year-on-year. In the fourth quarter alone, the port generated 1.016 billion dirhams, reflecting a 9% growth compared to the same period in 2023. The year......

Morocco's rail expansion accelerates with €430 million investment ahead of World Cup 2030

Morocco's ambitious railway infrastructure development has taken a significant step forward as French construction company Colas secures three major contracts worth €430 million to expand the country's high-speed rail network between Kenitra and Marrakech. The project, aimed at enhancing......

Japanese automotive firms explore Morocco's promising market as gateway to Africa

In a significant development for Morocco's automotive sector, top Japanese automotive companies embarked on a business mission to Rabat, marking an important step in strengthening economic ties between the two nations. The mission, organized by the Japan External Trade Organization in Rabat (JETRO......

Morocco advances wind energy capacity with major investments

Morocco’s progress in renewable energy has reached new heights, with wind energy capacity hitting 2,373 megawatts (MW) by the end of 2024. This milestone marks a significant step in the country’s push toward greener energy solutions, as outlined by Leila Benali, Minister of Energy Transition......

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 advances anti-corruption efforts, debt reduction, and water management initiatives

The Moroccan government has made significant strides in its anti-corruption agenda, public debt management, and water resource optimization, according to a recent update from government spokesperson Mustapha Baitas. Speaking at a press briefing following the weekly government council meeting, Baitas......

Innovative electric ferry route to connect Morocco and Spain

Spanish ferry operator Baleària has announced an ambitious plan to create the first green maritime corridor between Morocco and Spain, featuring two fully electric fast ferries that will operate between Tangier Ville and Tarifa. This groundbreaking initiative is scheduled to commence in 2027,......

Morocco’s Tanger Med Port achieves historic milestone in global trade

Morocco’s Tanger Med Port has solidified its position as the Mediterranean’s largest port, achieving a historic milestone by handling 10.24 million containers in 2024. This represents an impressive 18.8% increase compared to the previous year, as reported by the country’s Press Agency......

Tanger Med port achieves record 18.8% growth in container traffic for 2024

Tanger Med Port Authority has announced an impressive 18.8% increase in container traffic for 2024, solidifying its position as a leading hub in global maritime trade. The port processed over 10.24 million twenty-foot equivalent units (TEUs) last year, marking a significant leap from its 2023 performance.......

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 strategic inland port project receives $140 million boost

A significant milestone in Morocco's logistics infrastructure development was reached as the Agadir Atlantic Hub dry port project secured a $140 million investment. The groundbreaking protocol agreement was signed on January 20 in a ceremony overseen by Morocco's Head of Government, Aziz Akhannouch. Located......

African trade integration emerges as key driver for continental prosperity

African nations are poised for significant economic transformation through the African Continental Free Trade Area (AfCFTA), with projections showing a potential 7% increase in continental GDP by 2045, equivalent to $450 billion in growth. The initiative aims to create a unified market across 54 states......