Keywords: Expansion
The European Commission has conditionally approved Abu Dhabi National Oil Company's (Adnoc) €14.7 billion acquisition of Covestro, a major German chemical manufacturer. This decision marks one of the most significant foreign takeovers of a European industrial firm by a Gulf state entity, clearing......
Dachser is set to revolutionize Morocco’s logistics landscape with the construction of a cutting-edge facility spanning 75,000 square meters in Tangier Automotive City. Scheduled for completion by June 2026, the project recently secured MAD 206.5 million ($20.65 million) in financing from the European......
Boeing has officially launched a $1 billion expansion project at its North Charleston facility in South Carolina, aiming to double production capacity for its popular 787 Dreamliner. The aerospace giant's move comes as it seeks to meet surging global demand for long-haul aircraft and maintain its......
Chinese electric vehicle (EV) manufacturer Seres Group is set to launch one of Asia's largest tech IPOs of 2025, aiming to raise up to $1.7 billion in Hong Kong. The move underscores the company’s strategic partnership with Huawei and its ambitions to fund global expansion and technological......
Tesla has officially commenced recruitment efforts in Morocco, marking a significant step in its African expansion strategy. The electric vehicle giant is seeking a Country Sales & Delivery Leader to spearhead its operations in the country, signaling the start of commercial activities in Morocco. The......
CleanSpark announced plans to diversify beyond bitcoin mining, moving into AI and high-performance computing (HPC) infrastructure. The company has appointed Jeffrey Thomas to lead a new division focused on AI data centers. Thomas will serve as senior vice president of AI Data Centers, overseeing site......
Hop Lun, a leading international manufacturer of lingerie and swimwear, has expanded its global operations through the acquisition of two Moroccan companies, marking a significant step in its strategic growth plan. The move establishes a new production hub in Morocco, enhancing the company’s proximity......
Morocco is advancing its development strategy to meet global benchmarks as it prepares to co-host the 2030 FIFA World Cup, said Abdessamad Kayouh, Minister of Transport and Logistics. Speaking at the international seminar “Accessibility and Mobility in Urban and Peri-Urban Areas: Challenges and......
EasyJet has announced plans to set up its first African base in Marrakech, marking a significant expansion into Morocco and the continent. The new base will deploy three aircraft at Marrakech’s airport, serving 24 destinations and creating 100 new jobs. Strengthening ties with Morocco’s......
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