Economy
Morocco’s pursuit of becoming a key hub for foreign investment continues to gain momentum, fueled by the vision of His Majesty King Mohammed VI. The country has remained committed to a series of strategic reforms designed to enhance its attractiveness to investors, emphasizing sustainable growth......
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......
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,......
In response to a request from Morocco's Ministry of Economy and Finance, the African Development Bank (AfDB) is preparing to approve a technical assistance program aimed at promoting public-private partnerships (PPPs) in the country. The primary objective of this support is to assist in the implementation......
During a recent visit to the Dakhla-Oued Eddahab region, the French ambassador to Morocco, Christophe Lecourtier, led a high-level delegation to reaffirm France's active support for the socio-economic and cultural development of this southern Moroccan region. This visit exemplifies France’s......
In a meeting held on Tuesday, the Finance and Economic Development Committee at the House of Representatives discussed several proposed amendments to Morocco's 2025 Finance Bill (PLF), which primarily focus on customs and fiscal measures. These amendments were reviewed in the presence of the Minister......
Energean’s CEO has recently made a statement, widely reported by international media, suggesting the company’s possible exit from Morocco. He explained, “We drilled an offshore well in Morocco, but the results did not meet our expectations. Therefore, I do not foresee any further development,......
In a noteworthy development for Morocco's economy, travel revenues reached 87.1 billion dirhams by the end of September 2024, marking an impressive 8.4% increase compared to the previous year and a remarkable 44.7% rise from the same period in 2019. This information was shared by Prime Minister Aziz......
In a significant announcement during his visit to Rabat, French President Emmanuel Macron emphasized the continuation of public investments in Morocco, including the Sahara region. Speaking at the conclusion of the "Morocco-France Entrepreneurial Meeting," Macron highlighted Morocco's status......
Maroc Telecom, Morocco's premier telecommunications provider, has reported a substantial increase in its subscriber base, reaching 79.7 million users by September 2024. This 6.1% growth over the past year is driven by the company’s expansion in African markets and the rising demand for postpaid......
Morocco is set to dramatically expand its motorway infrastructure through a comprehensive MAD 7.74 billion ($735 million) investment plan spanning 2025-2027. The initiative aims to add 1,000 kilometers of new highways to the nation's transportation network, strengthening its position as home to Africa's......
The World Bank has reinforced its commitment to Morocco's development agenda, highlighting a robust partnership that encompasses 27 active projects valued at $8 billion. This announcement comes one year after the landmark 2023 Annual Meetings held in Marrakech. The institution's renewed dedication......
The ongoing BRICS summit in Kazan, Russia has brought to light significant diplomatic tensions as South Africa firmly opposes Morocco's potential inclusion in the expanding economic bloc. The three-day gathering, which commenced on October 22, 2024, has placed the controversial topic of membership......
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