Morocco
Moroccan Innovation Program Selects 7 New Startups, Boosting Total to 35
The Moroccan Association for Research and Development (R&D Maroc) has announced the signing of seven new support agreements targeting startups and innovative companies.
Topic
Investment
Morocco
Historic Lincoln Hotel in Casablanca to Reopen as Luxury Radisson Collection in 2025
The territorial development group REALITES in charge of the restoration of the future Lincoln Hotel has announced the reopening in 2025. The palace will be branded Radisson Collection.
Morocco
Morocco Invests 500 Million Dirhams Annually in Highway Maintenance, Preserving 150 km of Roads
The national company Moroccan Motorways devotes an envelope of around 500 million dirhams each year to ensure the maintenance of more than 150 km of motorway pavement.
Morocco
APM Terminals to Invest $400 Million in Tanger Med Port Expansion
The Danish port operator APM Terminals has planned a new investment of $400 million in the extension and equipment of its platform at the port of Tanger Med .
Morocco
Tangier Expands Urban Parking with 5 New Lots to Ease Traffic Congestion
The city of Tangier now has 5 parking lots to help decongest traffic on its roads.
Morocco
Morocco Explores Untapped Gas Potential as Domestic Production Lags Behind Demand
"The hydrocarbon deposits in the Kingdom remain insufficiently explored," said the Moroccan Minister of Energy Transition and Sustainable Development.
Morocco
Morocco Allocates 150,000 Hectares for UK-Bound Renewable Energy Project
Morocco has planned a 150,000 hectare domain in the Guelmim-Oued Noun region for the realization of the Xlinks project, designed as part of the electrical interconnection between Morocco and the United Kingdom.
Morocco
Morocco's National Highway Company Faces $4 Billion Debt Crisis Amid Investment Shortfall
A report on public establishments and companies reveals that at the end of 2020, the debts of the Société Nationale des Autoroutes du Maroc exceeded 40 billion DH, with investments amounting to only 921 million DH. A debt ratio of 65%, which confirms the call for help launched to the state by the company in 2020, declaring that the debt recorded during the social crisis was weighing heavily on its cash flow.
Morocco
Chinese Arms Giant Norinco Expands to Morocco, Eyes African Market
The Chinese company Norinco, specialized in the armaments industry, has set up shop in Morocco by opening a subsidiary in Rabat.
Morocco
Israeli Business Delegation to Explore Investment Opportunities in Morocco
The president of the Morocco-Israel Business Council, Steve O’Hana, announced the upcoming visit to Morocco of a group of Israeli businessmen. They are coming on a prospecting mission to explore the investment and trade opportunities offered by the Kingdom.
Morocco
Morocco Maintains Subsidies on Sugar, Wheat, and Gas to Keep Prices Stable in 2022
Prices of essential commodities will not increase in 2022, thanks to the support granted to the purchasing power of Moroccans in the 2022 Finance Bill.
Morocco
Moroccan Parliament Installs Solar Panels, Aims for 100% Renewable Energy
The headquarters of the House of Representatives in Rabat is now one-third powered by solar energy . An initiative that deserves to be commended.