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Economy


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......

Tanger Med: A Rising Star in Global Port Rankings

The Tanger Med Port has achieved a significant milestone by securing third place in the 2024 Global Port Performance Index (CPPI), marking a remarkable leap from its previous fifth position. This advancement underscores Morocco's relentless efforts to enhance its port infrastructure and logistics......

Morocco's Path to Becoming a Global Leader in Electric Batteries

Morocco is positioning itself to become the world's leading exporter of electric batteries by 2030, according to a recent report from a Belgian journal. This ambitious plan focuses on tapping into the European and American markets, placing the country at the heart of the global transformation of......

Major Logistics Hub Launches in Casablanca with $29.7 Million Investment

Building Logistics Services (BLS) has inaugurated a significant new logistics center in Casablanca's Tit Mellil district, marking a substantial investment of MAD 300 million ($29.79 million) in Morocco's infrastructure development. The newly established BLS Casa Hub spans an impressive 50,000......

Lockheed Martin Expands Defense Manufacturing Footprint in Morocco

Lockheed Martin has significantly strengthened its presence in Morocco as part of its ongoing efforts to boost defense partnerships in the North African region. This year marks a milestone for the company, celebrating 50 years of collaboration with Morocco, beginning with the delivery of the first C-130H......

Morocco Boosts Trade Connectivity with New Maritime Route Linking Agadir to Dakar

In a strategic effort to strengthen trade ties with Sub-Saharan Africa, Morocco has introduced a new maritime route linking Agadir to Dakar. This initiative, spearheaded in partnership with the British company Atlas Marine, aims to provide a faster and more efficient alternative for transporting goods,......

Over 61,000 New Businesses Created in Morocco by August 2024

Morocco has witnessed an impressive surge in entrepreneurial activity, with over 61,000 new businesses established by August 2024, according to the Moroccan Office of Industrial and Commercial Property (OMPIC). The report highlights a remarkable growth in the business landscape, with a total of 61,178......

Unlocking Africa's demographic potential: An expert's perspective

Arkebe Oqubay, a renowned architect, urban planner, and former Senior Minister and Advisor to the Prime Minister of Ethiopia, recently shared his insights on the opportunities and challenges facing the African continent. According to Oqubay, Africa is a demographic powerhouse, with rapid population......

Morocco-China Cooperation under BRI Holds 'Very Promising' Potential, Says Ambassador

Morocco’s cooperation with China under the Belt and Road Initiative (BRI) is set to thrive, with both nations poised to leverage key strategic advantages, according to Abdelkader El Ansari, Morocco's Ambassador to China. In a recent interview with China Daily, El Ansari emphasized Morocco’s......

Romanian Firm Opens New Auto Parts Factory in Morocco

MP Industry Group, a Romanian automotive supplier, officially inaugurated its first factory in Morocco on Friday, marking a significant milestone in the country's automotive sector. Situated within Tanger Automotive City (TAC), the new facility is a testament to Morocco's growing appeal as a......

The Battle for Control of the Tarifa-Tanger Maritime Route: A Growing Rivalry Between Spanish Shipping Giants

The ongoing competition for dominance over the maritime route connecting Tarifa, Spain, to Tangier, Morocco, has intensified significantly in recent months. This strategic and high-traffic route, which serves as a vital link between the Iberian Peninsula and North Africa, has become a focal point of......

Morocco: A New Hub for China’s Green Mobility Ambitions

In recent years, Morocco has increasingly emerged as a key destination for global automotive and electric mobility players. The recent move by LeapMotor, a major Chinese electric vehicle manufacturer, further solidifies the kingdom's strategic role in the energy transition and green industrialization,......

Ryanair Expands Morocco-UK Connection with New Marrakech-Birmingham Flight Route

The European low-cost carrier Ryanair has announced a strategic expansion of its Moroccan network with a new route connecting the cultural hub of Marrakech to Birmingham, England, scheduled to commence in winter 2024. The airline will operate three weekly flights on this route, enhancing travel accessibility......