The Egyptian group Pickalbatros , a heavyweight in tourism in Egypt, continues its expansion in Morocco by acquiring four new hotels this year. This operation brings its total hotel capacity in the kingdom to more than 2,600 rooms, according to Kamal Abou Ali, president of the group, without however revealing the amount of these transactions.
The municipal council of Casablanca is facing a challenge: urgently mobilize the sum of 80 million dirhams to rehabilitate and equip the Aïn Sebaâ zoo, which should soon open its doors.
The Chinese group Sunrise, one of the world leaders in textiles, has announced an investment of $422.2 million (4.1 billion dirhams) in Morocco.
Many Chinese companies intend to invest nearly 10 billion euros in the manufacture of electric batteries and their components in Morocco. A choice that can be explained by several factors.
Public investment in Morocco reached a record level of 300 billion dirhams in 2023, representing an increase of 22.4% compared to 2022 and 53.9% compared to 2019, reveals the Competition Council in a recent report.
The Moroccan Tourist Engineering Company (SMIT) wants to transform the Drâa Tafilalet region into a flagship destination for ecotourism in Morocco, through the implementation of an ambitious program of around 1.7 billion dirhams.
The global phosphate giant, OCP, has become the majority shareholder of the La Mamounia hotel following the state’s sale of its stake in the establishment. This operation is part of the policy of divestment of assets deemed non-essential, aimed at financing national development initiatives.
Dominique Strauss-Kahn (DSK), former Managing Director of the International Monetary Fund (IMF), as well as former French Minister of Economy, Finance and Industry, is multiplying his investments in Morocco. He is launching a vast hotel project south of Tangier.
The lack of incentive measures in Spain is pushing Ryanair to place Morocco at the heart of its expansion strategy. The Irish low-cost airline has just launched a new base in Tangier, its fourth in the kingdom, and could launch others.
Major projects will soon be implemented to reduce traffic congestion in Fez and improve mobility within the city, ahead of the 2025 Africa Cup of Nations and the 2030 World Cup that Morocco will co-host with Spain and Portugal.
China is multiplying its investments in Morocco to circumvent the United States, which has adopted new subsidies aimed at stimulating domestic production of electric vehicles and reducing Beijing’s dominance over the supply chain.
Carlos Tavares, CEO of Stellantis, stated that the lack of "domestic" support in Spain and the fierce competition from China are forcing the company to invest outside of Europe, particularly in Morocco.