Convention

Articles

• Cepsa Expands into Morocco: 100 New Gas Stations Planned in 5-Year Partnership
  22 October 2019, by Sylvanus

  Thanks to the signing of an alliance agreement with the Moroccan group, Derhem holding, the Spanish oil company, Cepsa, is establishing itself in Morocco. A total of 100 service stations will be opened in the Kingdom over the next five years.
  Contributing to generating competitiveness in the growing energy market in Morocco. This is the full scope of the partnership that now binds the Spanish oil company, Cepsa, to the Moroccan group, Derhem holding.
  The two groups will each contribute (…)

• Maroc Telecom Launches $1 Billion Telecom Infrastructure Investment Plan
  28 August 2019, by Sylvanus

  The Moroccan telecommunications operator, Maroc Telecom, is embarking on a colossal investment program for the 2019-2021 period. To this end, the signing of the sixth Investment Agreement with the Government for the development of telecommunications in the Kingdom was finalized on Monday, August 26, 2019.
  10 BMDH, the significant amount that Maroc Telecom intends to invest in an ambitious program over the 2019-2021 period.
  According to the Moroccan telecommunications operator, this is a (…)

• World Bank Invests $800 Million in Morocco’s Social, Agricultural, and Urban Programs
  23 December 2020, by Ginette

  Three financing agreements totaling $800 million have been signed by the Minister of Economy, Mohamed Benchaâboun, and the World Bank (WB) Country Director for the Maghreb, Jesko Hentscel.
  These agreements signed on Tuesday in Rabat concern social protection for an investment of $400 million, the "Green Generation" program with $250 million, and the programming and modernization of urban transport for $150 million.
  The signing took place in the presence of the Minister of National (…)

• Morocco Unveils Tax Amnesty Plan for Overseas Assets Ahead of OECD Data Exchange
  10 November 2019, by Sylvanus

  The implementation of the tax amnesty on assets held abroad, included in the 2020 Finance Bill (PLF), will be a reality as early as 2020. Far from being a "fraudulent routine", this liberating contribution is in line with a convention signed by Morocco.
  In June, Morocco signed a convention that requires it to automatically exchange tax data with the member countries of the Organization for Economic Cooperation and Development (OECD). And January 2020 will mark its entry into force.
  The (…)

• Morocco and Japan Sign Agreements to Boost Economic Ties and Investment
  9 January 2020, by Sylvanus

  On the sidelines of the 5th Morocco-Japan Joint Commission, the two countries signed two agreements and a convention on Wednesday, January 8 in Rabat, with a view to strengthening their bilateral cooperation.
  The meeting was co-chaired by the Delegate Minister to the Ministry of Foreign Affairs, African Cooperation and Moroccan Expatriates, Mohcine Jazouli, and the Japanese State Minister for Foreign Affairs, Keisuke Suziki.
  The two agreements and the convention complement the legal (…)

• Architects Embrace Tax Amnesty Deal as DGI Expands Professional Outreach
  29 February 2020, by Sylvanus

  The Directorate General of Taxes (DGI) has signed an agreement with the Order of Architects. In total, 1,400 professionals out of 3,500 have joined the tax amnesty.
  This is the second professional organization with which the DGI has just entered into a partnership after the doctors. According to L’Économiste, the DGI intends to sign an agreement with professional organizations to allow for massive and more effective regularizations than case-by-case negotiations. The transporters would be (…)

• AFD Grants €50 Million Loan to Boost Moroccan Airport Safety and Efficiency
  25 July 2019, by Sylvanus

  The French Development Agency (AFD) has granted financing of 50 million euros, in the form of a loan, with a grant of 400,000 euros, to the National Airports Office (ONDA). This financial contribution is part of the strengthening of air safety, airport security, as well as energy efficiency measures.
  According to Mihoub Mezouaghi, Director of the AFD in Morocco, the financing will be used "to support ONDA in its mission to ensure efficient, sustainable and safe air transport, strategic (…)

• Morocco’s Tiznit-Dakhla Expressway on Track for 2021 Completion, Minister Says
  12 January 2020, by Sylvanus

  In accordance with the partnership agreement signed in 2015 in the presence of King Mohammed VI, the construction work on the Tiznit-Dakhla expressway will be completed by the end of 2021. These are the assurances of the Minister of Equipment, Transport, Logistics and Water, Abdelkader Amara.
  Abdelkader Amara went to see the progress of the Tiznit-Dakhla expressway project on site, reports the MAP. "All the work on this titanic project, whether the duplication of National Road No. 1 (…)

• Morocco Launches $8.6 Billion Water Infrastructure and Irrigation Program
  16 January 2020, by Ginette

  On Monday, Morocco signed the framework agreement for the implementation of the 2020-2027 Drinking Water Supply and Irrigation Program. The ceremony was chaired by King Mohammed VI, with Crown Prince Moulay El Hassan by his side.
  According to the Minister of Equipment, Transport, Logistics and Water, this program was developed in line with the King’s wishes, but also taking into account the water situation in the Kingdom and studies on this issue. It is structured around five main axes: (…)

• Algeria Unilaterally Terminates Iron Deposit Agreement with Morocco, Former Ambassador Claims
  5 August 2022, by Sylvanus

  A former Algerian ambassador claims that Morocco has no rights over the Gara-Djebilet deposit, which had been the subject of a cooperation agreement between Rabat and Algiers.
  In a statement to Algérie patriotique, the former Algerian ambassador confirmed that the cooperation agreement for the development of the Gara-Djebilet mine, signed on June 15, 1972 in Rabat, has indeed lapsed for both legal and political reasons. Recalling that this agreement, which is annexed to the agreement on (…)