Business
The recent meeting between Morocco’s Minister of Transport and Logistics and the CEO of Embraer, a leading Brazilian aerospace company, marks a significant step in deepening the strategic collaboration between Morocco and a key player in the global aviation sector. This dialogue aligns with Morocco’s......
Chinese battery components giant BTR is strengthening its footprint in Morocco through the construction of two major production facilities in the Tanger Tech industrial zone. Once operational in 2026, these plants are expected to generate up to $1.2 billion in annual revenue, with a capacity aimed at......
Spanish ferry company Balearia has unveiled a significant expansion of its services between Tarifa, Spain, and Tangier, Morocco, by introducing a new high-speed ferry, the Jaume I, which commenced operations today. This ferry, with a capacity for over 600 passengers and 150 vehicles, departed from the......
Elon Technology, a private Chinese firm specializing in wind energy equipment, is set to inaugurate its first manufacturing facility outside China in Nador, located in northeastern Morocco, by the end of May. The factory’s construction is nearly complete, with plans to produce 750 sets of turbine......
Maroc Telecom shareholders will convene on June 18 to decide on a fundamental governance restructuring. The telecommunications company intends to transition from its dual-board framework to a unitary board system. This change is projected to consolidate the decision-making apparatus within the organization. The......
Morocco’s government is set to unveil a new initiative aimed at bolstering very small enterprises (VSEs), a vital segment of the nation’s economy. The announcement was made in Casablanca by Younes Sekkouri, Minister of Economic Inclusion, Small Business, Employment, and Skills, during the......
OCP Maintenance Solutions launches expertise center for turbomachinery OCP Maintenance Solutions (OCP-MS), a subsidiary of OCP Group, has officially announced the launch of its expertise center for turbomachinery. This initiative, revealed on Monday, represents a significant step towards enhancing technical......
Forbes Middle East has unveiled its “Top 100 Arab Family Businesses 2025” list, highlighting the prominence of three Moroccan family enterprises among the most influential in the Arab world. This recognition underscores the growing impact of Moroccan businesses on the regional economic landscape. The......
Nezha Hayat has officially taken over from Mohamed Benchaaboun as the director general of the Mohammed VI Investment Fund, as announced in a statement from the royal palace. This appointment was made during a ministerial council chaired by His Majesty King Mohammed VI. The primary mission of the investment......
Energean, a leading company in natural gas exploration and production across the Eastern Mediterranean, has officially entered the Moroccan market by securing two offshore exploration licenses in the Lixus and Rissana regions. This strategic move marks a northward shift in Energean’s operations......
Tangier Med Engineering, the engineering division of the Tangier Med Group, has established a strategic partnership with the Liberian government to improve the nation’s port infrastructure, marking a significant step in the expansion of Moroccan expertise across Africa. This collaboration is part......
Lesieur Cristal, a key player in Morocco’s agribusiness sector, has made two senior leadership changes as part of its efforts to reinforce corporate governance and drive sustainable growth. Yasmine Tabet-Derraz has been appointed Secretary General, replacing Sophie Gavard-Benjelloun. She......
Hunt Oil Company, a prominent American oil and gas operator, has officially launched its Moroccan subsidiary, Hunt Oil Company Morocco, marking the company's entry into the Kingdom’s energy sector. This move is aimed at exploring and potentially exploiting hydrocarbon resources, pending approval......
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