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Keywords: Ministry of Economy
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......
Morocco's state phosphate company OCP has announced an ambitious MAD 139 billion ($14 billion) investment plan spanning 2025 to 2027, marking a significant expansion of its operations and sustainability initiatives. According to a recent report from the Ministry of Economy, the investment will be......
Morocco's tourism sector is experiencing a remarkable resurgence, with the country welcoming 11.8 million tourists by the end of August 2024. This impressive figure represents a 16% increase compared to the same period last year, according to data released by the Directorate of Financial Studies......
In a significant move, the Moroccan Treasury and External Finance Department, operating under the Ministry of Economy and Finance, has executed three substantial cash surplus investments totaling MAD 13.2 billion. The first transaction involved a repo investment valued at MAD 11 billion, spread over......
Morocco is witnessing a significant boost in its economic landscape, fueled by a remarkable increase in foreign direct investment (FDI). Recent data from the Exchange Office under the Ministry of Economy and Finance highlights this upward trajectory. In the first half of the fiscal year, net FDI inflows......
In a landmark decision on Monday, the International Centre for Settlement of Investment Disputes (ICSID) dismissed the majority of claims brought by Corral Morocco Holding against the Moroccan state concerning the SAMIR oil refinery case. The ICSID awarded Corral a modest $150 million in compensation,......
In a significant move to enhance public services and modernize governance, Morocco has secured a $600 million loan from the World Bank. This substantial financial injection, divided into two distinct programs, aims to revolutionize the country's public sector and state-owned enterprises (SOEs). The......
In a move aimed at realigning the nation's energy subsidies, Fouzi Lekjaa, Morocco's Minister Delegate in charge of the budget, has clarified the government's stance on the recent price increase for butane gas cylinders. Speaking with a pragmatic tone, Lekjaa emphasized that the adjustment......
Morocco's telecommunications industry is undergoing a significant transformation as the nation's mobile market experiences remarkable growth. By the end of 2023, mobile connections had soared to 55.9 million, according to a report from the Ministry of Economy and Finance. This represents a 5.6%......
