Chinese Tire Giant Sentury Shifts $313 Million Investment from Spain to Morocco
30 April 2024
The Chinese tire company Sentury Tire has redirected a major investment initially intended for a new plant in Spain to its plant located in Tangier.
China
Algeria’s Military Spending Surges 76% as Morocco’s Declines, SIPRI Report Shows
23 April 2024
Morocco’s military spending saw a slight decline last year, while Algeria’s recorded a sharp increase. The United States, China, Russia, India and Saudi Arabia top the list of (…)
Chinese E-commerce Giant Temu Enters Moroccan Market with Low-Price Strategy
17 April 2024
Temu, the Chinese giant of e-commerce, has been established in Morocco since April 2nd. The group offers low prices in order to establish itself in the Moroccan market already (…)
Morocco Emerges as Africa’s Second-Largest Drone Power, Outpacing Regional Rivals
16 April 2024
In recent years, Morocco has acquired a significant number of drones from Turkey, China and Israel, becoming one of the drone powers on the continent. The kingdom, in (…)
Morocco’s World Cup Rail Project Sparks International Competition
9 April 2024
Spain, France and China are competing in Morocco. At the origin of this rivalry, the railway projects undertaken by Morocco as part of the preparations for the 2030 World Cup, (…)
Chinese EV Giant BYD Scraps Plans for Electric Battery Factory in Morocco
2 April 2024
The Chinese group BYD, a global leader in electric vehicles, has just given up on its project to set up an electric battery factory in Tanger Tech. The reason is the slow sales (…)
Morocco Secures $300 Million Investment for Electric Vehicle Battery Plant
30 March 2024
Morocco has taken an important step in the development of the electric automotive industry with the signing of an investment agreement for the construction of a cathode (…)
Morocco attracts a new Chinese giant in electric batteries
28 March 2024
The Chinese giant Gotion High-Tech will finally build its Moroccan factory for the manufacture of batteries for electric vehicles in Atlantic Free Zone, the free zone of the (…)
Tangier: the Chinese giant Shinzoom injects 5 billion DH into a battery factory
22 March 2024
The Chinese group Shinzoom, specialized in the production of anodes for lithium-ion batteries, is preparing to invest $500 million (5 billion DH) in the Tanger Tech free zone. (…)
Inditex (Zara, Massimo Dutti,...) abandons China for Morocco
19 March 2024
Inditex has decided to reduce its dependence on China and source more from Morocco, India and Pakistan.