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Economy


Marsa Maroc Reports 17% Revenue Growth in First Half of 2024

Marsa Maroc, a prominent Moroccan port operator, has achieved significant financial success in the first half of 2024, with revenue increasing by 17% to 2.48 billion Moroccan dirhams (about $247 million USD). This performance exceeded initial projections and was fueled by a 14.5% rise in cargo traffic,......

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......

Morocco Unveils New 50 Dirham Banknote Celebrating Sustainability

In a significant move to commemorate the 25th anniversary of King Mohammed VI's reign, Bank Al-Maghrib has introduced a new 50 dirham banknote that underscores Morocco's dedication to sustainable development. This fresh currency, infused with striking illustrations, reflects the nation's......

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......

Spanish Firms Back Acciona in Building Casablanca’s Landmark Desalination Plant

Spain's CaixaBank and Cofides have committed to financing Acciona's ambitious endeavor to construct a new desalination plant in Morocco. Each organization will extend a loan of €31 million, supporting a project valued at a total of €650 million. This significant investment will be managed......