Economy
German manufacturing company Leoni has inaugurated a new automotive wiring systems factory in Agadir, Morocco, representing an investment of MAD 230 million. The facility, situated in the Souss-Massa industrial acceleration zone, was officially opened on Tuesday under the supervision of Moroccan Prime......
Morocco's fuel sector demonstrated mixed performance in the third quarter of 2024, with total fuel imports reaching 1.7 million tons valued at $1.26 billion, marking a 10.8% volume increase despite a 9.75% value decline compared to 2023. The revenue of Morocco's nine major fuel distributors......
Morocco and Mauritania are preparing to sign a significant memorandum of understanding for electricity connection between the two nations, according to Morocco's Minister of Energy Transition and Sustainable Development, Leila Benali. The agreement, set to be finalized during the Mauritanian Energy......
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......
Morocco’s exports of goods and services are projected to grow by 7.7% in 2025, building on a robust 7.9% increase in 2024, according to the latest report from the country’s Forecasts and Statistics Office (HCP). The growth is attributed to sustained international demand, particularly in the......
In 2024, trade between Morocco and Brazil saw a growth of 4.52%, reaching a total of $2.77 billion compared to $2.65 billion in 2023, according to the Arab-Brazilian Chamber of Commerce. This increase demonstrates a notable boost in bilateral relations, with a slight trade surplus of approximately $2.2......
Morocco’s economic outlook remains positive, with domestic demand expected to fuel a 4.2% growth in 2025, according to the latest projections from the High Commission for Planning (HCP). This follows an estimated 4.9% growth in 2024, highlighting the central role of domestic demand in sustaining......
A recent survey conducted by market research group Sunergia has uncovered significant gaps in retirement planning among Moroccans, highlighting widespread inequalities in access to pension coverage. The findings reveal that while 59% of Moroccans benefit from employer-provided retirement plans, a staggering......
After a challenging year marked by drought and slowed economic activity, Morocco’s economy is poised for a significant rebound in 2025, according to the latest projections from the High Commission for Planning (HCP). The recovery is expected to be driven by improvements in key sectors such as agriculture,......
A recent study by Morocco’s High Commission for Planning (HCP) reveals that only 11.1% of households are optimistic about their ability to save in the upcoming year. The overwhelming majority, 88.9%, indicate they cannot set aside any money, highlighting the persistent financial difficulties faced......
In a significant development for Morocco-Spain relations, the first commercial truck successfully crossed from Melilla into Morocco through the Beni Enzar customs post on Wednesday, marking the end of a six-year closure that began in August 2018. The vehicle, carrying approximately 600 kilograms of home......
Moroccan banks are poised for robust growth in the coming years, driven by favorable economic conditions, significant investments, and ongoing reforms, according to a recent report by Fitch Ratings. The financial sector is expected to maintain strong profitability through 2025 and 2026, as large infrastructure......
On Thursday, in Rabat, a meeting took place between the Moroccan Secretary of State for Agriculture, Maritime Fisheries, Rural Development, and Water and Forests, Zakia Driouich, and the Ambassador of Oman to Morocco, Khalid Ben Salem Bamkhalif. The discussion focused on the future of cooperation in......
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