
Morocco Unveils $26 Billion Public Investment Plan to Boost Post-COVID Economy
Morocco is banking on massive public investment to revive its economy hit hard by the health crisis related to Covid-19.

Morocco is banking on massive public investment to revive its economy hit hard by the health crisis related to Covid-19.

In its new development plan, the city of Casablanca will be equipped with 33 public toilets. The construction company has been selected, and the work should start in the very near future.

Morocco enjoys political stability in the Maghreb that promotes foreign investment. To such an extent that major foreign companies have abandoned their activities in Algeria and Tunisia in recent months to settle in Morocco.

At Expo Dubai 2020 , Morocco presented its potential and investment opportunities in the agricultural sector. The objective is to encourage economic operators to opt for green investment projects.

Stellantis, Opel’s parent company, could transfer jobs from the development center in Germany to Morocco. The automotive giant has mentioned the high level of social security contributions.

As part of the ongoing preparations for the inauguration of an official headquarters for Lâayoune Connect, a high-ranking American diplomatic delegation arrived this Wednesday at the Hassan I airport of Lâayoune .

The Egyptian real estate group Porto, specialized in commercial real estate in Africa, has announced a major investment of over 4.5 billion dirhams in Agadir . The project is scheduled to start in 2022.

In order to strengthen the port infrastructure, the National Ports Agency (ANP) has launched the construction of the new terminal cruise terminal at the port of Casablanca. The economic capital is positioning itself as one of the pillars of the country’s tourist attractiveness.

Will the Tesla brand be established in Morocco? This is the question that has been asked in Casablanca for a few days now, following the installation of several electric vehicle charging stations bearing the brand’s name.

The flow of foreign direct investment (FDI) to Morocco recorded a 16.9% increase during the first eight months of the year.

Morocco is gradually positioning itself as a true pioneer in renewable energies. The kingdom is cited as an example for its march towards a new source of clean energy which is green hydrogen, the cornerstone of the green transition of the energy and industrial sectors.

After the signing of agreements related to the manufacture and filling of the anti-Covid-19 vaccine and other vaccines in Morocco, Moroccan researchers have announced the start of the project for next December.