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Sunrise Group's $422 Million Investment: A New Dawn for Morocco's Textile Industry

The Chinese textile powerhouse, Sunrise Group, has announced a significant investment of 4.1 billion dirhams (approximately $422.2 million) in Morocco, a move poised to invigorate the nation’s textile sector. This ambitious project was discussed during a meeting between Morocco's Head of Government,......

China's BTR Group to Establish $366 Million Lithium-ion Battery Facility in Morocco

China's BTR Group has unveiled plans to construct a lithium-ion battery plant in Tangier Technology City, Morocco. This ambitious project, valued at $366 million, is slated for completion in approximately two years and marks a pivotal move in BTR's global expansion strategy. The facility aims......

Throne Day Milestone: King Mohammed VI’s Commitment to Empowering the Moroccan Diaspora

As Morocco commemorates the 25th anniversary of Throne Day, the spotlight turns to the significant efforts of King Mohammed VI in championing the empowerment of the Moroccan diaspora. The monarch’s dedication to fostering positive reforms and supporting Moroccans abroad has been a recurring theme......

Pioneering a Path to Inclusion: Battling Backlash on the Road to Representation

In a bold initiative aimed at strengthening economic ties, a delegation comprising twenty Spanish enterprises is poised to embark on a three-day journey to Morocco from June 4th to 6th. This expedition seeks to unearth opportunities for enhancing commercial and economic relations with Morocco's flourishing......

Oracle Heralds a New Era of Cloud Computing in Africa, Sets Sights on Morocco

In a groundbreaking move that promises to reshape the digital landscape of North Africa, Oracle, a global technology titan, has announced its intention to establish two Oracle Cloud regions in Morocco. This strategic decision positions the kingdom as the first country in the region to host a hyperscaler's......

US-Morocco Forum Unlocks Venture Capitalist Doors for Thriving Startups

Marrakech, Morocco – The United States Mission in Morocco, in collaboration with the US government's Prosper Africa initiative, recently hosted the US-Morocco Venture Capital Forum in Marrakech. This two-day event, held on May 27-28, aimed to strengthen US-Morocco commercial ties and open new......

Oracle Intensifies R&D Commitment in Morocco, Unleashing Technological Prowess

In a monumental stride towards fostering innovation and technological excellence, the American tech giant Oracle is poised to reinforce its research and development (R&D) endeavors in Morocco. This strategic move will see the company's workforce in the North African nation swell to 1,000 highly......

Moroccan Diaspora Boosts Economy with $2.7 Billion in Remittances

Morocco's strategic efforts to engage its diaspora have paid off significantly, with $2.7 billion in remittances received by the end of March 2024. Although slightly lower than the same period last year, this substantial inflow underscores the crucial role that Moroccans living abroad play in driving......

Morocco and Iozera Forge Pioneering Partnership for Sustainable AI Hub

Morocco has joined forces with Texas-based tech startup Iozera to establish a groundbreaking artificial intelligence (AI) hub, reshaping the global landscape of AI. This ambitious initiative, announced on social media platform X (formerly Twitter), represents a strategic partnership for constructing......