In a difficult context marked by the energy crisis and soaring prices, Morocco has stepped up its energy transition efforts. Thanks to its policy focused on private investment in the sector, the kingdom could reach its goal of 52% of electricity production capacity from renewable sources before 2030.
In a context of inflation and geopolitical crisis, Morocco has continued its policy of promoting companies by strengthening its support programs and major projects. By the end of October, business creation has seen an increase, with 77,322 additional entities.
Morocco attaches great importance to Moroccans living abroad in the development of a new investment charter. In this sense, a meeting was organized on Tuesday in Rabat, in order to collect their proposals.
The Israeli company NewMed Energy announced on Tuesday the signing of a memorandum of understanding for the exploration and production of offshore natural gas located off Boujdour, on the South Atlantic coast.
After the success of its first investment program - fertilizer production capacity has tripled in 10 years - the Moroccan group OCP has prepared a new green investment program whose implementation will allow it to achieve carbon neutrality before 2040.
Launched in 2020 on royal instructions, the Mohammed VI Investment Fund will be strengthened to finance certain major projects, according to the Delegate Minister in charge of Investment, Convergence and Evaluation of Public Policies, Mohcine Jazouli.
Starting next year, the number of documents required for processing investment files in Morocco will be reduced by nearly half.
France is the leader in Moroccan foreign direct investment (FDI) which reached 13.43 billion dirhams between January and September 2022, an increase of 2% compared to the same period last year.
An American medical organization and its partners have decided to build the first American hospital in Morocco, more precisely in Mehdya in the Kenitra region.
The Belgian aeronautical manufacturer Sabca (Société Anonyme Belge de Constructions Aéronautiques) is strengthening its activities in Morocco with the inauguration in Nouaceur of a new factory . It will provide the essential metallic and composite aerostructures for the manufacture and assembly, the design of actuation equipment for the general aviation sector.
In the latest report published by the Royal Institute for Strategic Studies (IRES), Morocco is considered one of the most attractive countries for doing business .
"Savola Morocco SA", manufacturer of the Afia cooking oil brand and a subsidiary of the eponymous Saudi group, is now part of the portfolio of the Moroccan Zine Capital Invest SA. Through this acquisition, subject to obtaining the authorization of the Competition Council, the group is diversifying its activities in Morocco.