Economy
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 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......
The Moroccan Franchise Federation (FMF) is preparing to launch the inaugural Morocco Franchise Expo (MFE), scheduled for February 12-14 at the Casablanca Exhibition Center. This groundbreaking event aims to showcase Morocco's market potential and attract diverse investors from both domestic and international......
Morocco is emerging as a prominent destination for mining investments, securing the fourth position among African nations. This achievement positions Morocco ahead of countries like the Democratic Republic of Congo and Zambia, showcasing its growing attractiveness in the sector. Several factors contribute......
The Moroccan economy generated 82,000 new jobs in 2024, marking a significant recovery from the previous year's loss of 157,000 positions, according to the High Commission for Planning (HCP). This growth emerged primarily from urban areas, which added 162,000 jobs, while rural regions experienced......
Remittances from Morocco's diaspora reached MAD 117.7 billion ($11.7 billion) in 2024, marking a 2.1% increase from the previous year's MAD 115.26 billion ($11.4 billion), according to data from the Moroccan Exchange Office. The significant financial inflow maintains Morocco's position as......
Morocco's aerospace industry demonstrated remarkable performance in 2024, with exports reaching MAD 26.45 billion, marking a 14.9% increase from the previous year. The assembly segment emerged as a key driver, expanding by 23.6% to MAD 17.23 billion, while the Electrical Wiring Interconnection System......
Morocco’s fuel imports have surged to 1.7 million tons, valued at $1.26 billion, marking a 10.8% increase in volume. This rise has led to a noticeable hike in fuel prices across the country, with diesel increasing by 20 cents per liter and gasoline by 16 cents per liter. In Casablanca, the average......
The ambitious Xlinks Morocco-UK power project, set to become the world's longest subsea cable at 4,000 kilometers, is actively seeking political backing to secure its £24 billion ($29.9 billion) investment plan. The project aims to connect Moroccan renewable energy directly to British homes,......
Turkish defense manufacturer Baykar has officially announced the establishment of a drone production facility in Morocco, marking a pivotal moment in the country's military and technological advancement. The project further strengthens the growing strategic partnership between Morocco and Türkiye. The......
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......
Morocco has established itself as Tunisia's primary date export destination in 2024, capturing 19.7% of the country's total date exports according to the National Agricultural Observatory (ONAGRI). The North African kingdom imported approximately 10,106 tons of dates, significantly outpacing......
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,......
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