Morocco Aims to Attract 500,000 Expatriate Investors by 2030
19 December 2020
Investor Moroccans living abroad, that’s what the Ministry Delegate for Moroccans Residing Abroad (MREs) is looking for, with the ambition of attracting 500,000 by 2030.
Investment
British Firm Secures New Offshore Gas Exploration License in Morocco
16 December 2020
While several players abandoned assets in 2020, Chariot Oil & Gas has improved its positions, mainly in Morocco. It has just acquired a new exploration area called Rissana (…)
Moroccan Diaspora Remittances Set to Surge, Boosting Economy in 2021
16 December 2020
Remittances from Moroccans living abroad (MRE) will rebound, says Bank Al-Maghrib (BAM). They will increase from 65.8 billion dirhams (MMDH) in 2020 to 70 billion dirhams (…)
Morocco Launches $1 Billion Tender for Strategic Dakhla Atlantic Port Project
13 December 2020
The Directorate of Ports and the Maritime Public Domain of the Moroccan Ministry of Equipment has just launched the call for tenders, with pre-selection, for the construction (…)
Massive $1.5 Billion Wind Farm to Power Blockchain Servers in Dakhla, Morocco
10 December 2020
The American startup Soluna Technologies and AM WIND plan to build a 900 MW wind farm in Dakhla, on an area of 11,313 hectares, to power servers dedicated to blockchain (…)
Turkish Retailer BIM Considers $70 Million Stake Sale in Moroccan Subsidiary
10 December 2020
The Turkish food distribution company BIM is considering opening 35% of its Moroccan subsidiary, BIM Stores Maroc, to the firm Blue Investment Holdings. Discussions are (…)
Morocco’s Education Costs Burden Families, Minister Seeks New Funding Solutions
9 December 2020
Moroccans take care of 30% of the cost of education, twice the OECD average, said the Minister of National Education, Saaid Amzazi, on Saturday, December 5. To help households (…)
Morocco Guarantees $5.5 Billion in Loans to Boost Economic Recovery
7 December 2020
As of December 4, 2020, nearly 50 billion dirhams have been mobilized under the guaranteed loan scheme, as part of the national economic recovery plan. This was stated last (…)
Morocco’s Foreign Investment Plummets 31% as Remittances from Abroad Surge
3 December 2020
Over the first ten months of 2020, the net flow of Foreign Direct Investments (FDI) in Morocco has further deteriorated to reach 11.69 billion dirhams, a drop of 31.2% compared (…)
Algeria Alarmed as China Shifts Strategic Focus to Morocco
3 December 2020
The Sino-Moroccan alliance does not seem to please the Algerian neighbor. The local press is firing on all cylinders at the regime, blaming it for its inaction in a (…)