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Morocco's Ascent as an Emerging EV Manufacturing Powerhouse Raises Concerns in Spain

Morocco's strategic geographical location, affordable labor force, abundance of raw materials, and renewable energy resources have positioned the North African nation as an emerging powerhouse in the electric vehicle (EV) manufacturing industry, raising concerns among its European neighbors, particularly......

Chinese Copper Powerhouse Hailiang to Inject $288 Million into Moroccan Plant Amid Trade Tensions

In a significant development amid rising geopolitical tensions between the United States and China, Zhejiang Hailiang Co., a leading Chinese producer of copper tubes and rods, has announced plans to invest $288 million in a new manufacturing facility in Morocco. This strategic move underscores the company's......

Swedish Aerospace Company Trelleborg Invests €11 Million in Morocco

Swedish manufacturing powerhouse Trelleborg has announced plans to establish a state-of-the-art industrial unit at Morocco's Midparc industrial platform near Casablanca. The multimillion-euro investment is set to bolster Morocco's growing aerospace sector and further establish the country as......

Morocco's Manufacturing Renaissance Propels Export Surge

Morocco's export sector is undergoing a renaissance, driven by growth in key industries like automotive, aerospace, and electronics. This upward trajectory, along with declining imports, has narrowed the country's trade deficit, providing a significant boost to its economy. Data from the Moroccan......

National Economic Growth: Rebound to 4.1% in the Fourth Quarter of 2023

The Moroccan national economy showed a notable improvement in the fourth quarter of 2023, according to data released by the High Commission for Planning (HCP). Economic growth reached 4.1%, marking a significant increase compared to the same period in 2022, when it stood at 0.7%. Driven by domestic......

Ascending Heights: Canadian Aerospace Firm Soars into Morocco

Moroccan aerospace is soaring to new heights as Canadian manufacturing company Shimco Aviation commits to expanding its presence in the North African kingdom. On Friday, Shimco signed a landmark agreement with Midparc, an industrial complex in Morocco, marking the beginning of its venture into international......

Morocco's Ambitious Journey: Crafting its First Aircraft by 2030

Morocco is poised to ascend into the realm of global aerospace manufacturing by the end of the decade. Industry and Trade Minister Ryad Mezzour recently affirmed the nation's commitment to unveiling its first entirely domestically produced aircraft by 2026. In an interview with the “Al-Sharq......

Aciturri's Strategic Move: Expanding Horizons in Morocco to Tap into the Growing Aerospace Market

Aciturri Group, a prominent Spanish aerospace supplier, is making significant strides by establishing its presence in Morocco, a move that industry experts view as a testament to the confidence in the Kingdom's burgeoning aerospace sector. During a ceremony held this week in Casablanca, Aciturri......

Industrial Renaissance: Moroccan Manufacturing Strengthens in December 2023

In the latest monthly business trend survey by Bank Al-Maghrib (BAM), Morocco's manufacturing sector showcased significant improvements in December 2023. The survey reveals a notable surge in production across most industries, with only the "mechanical and metallurgy" sector experiencing......