The kingdom must count on Moroccans living abroad in the economic recovery plan. In this sense, they have been invited to participate in the thematic funds related to the Mohammed VI fund and to take advantage of the opportunities of the national loan provided for in the 2021 Finance Act.
If Morocco is ready to host a vaccine production unit that will be dedicated to Africa, it can count on the financial contribution of Brussels. This is what one of the spokespersons for the European Commission indicated on Thursday.
Meeting on Wednesday, the Investment Commission studied and validated 34 draft conventions and addenda to investment convention agreements. This, for a total amount of 11.3 billion dirhams, which will promote the creation of 3,500 direct jobs and 5,819 indirect jobs.
"Economic recovery of Morocco: the mobilization of skills, entrepreneurs and Moroccan investors worldwide, the lever of synergies", this is the theme at the heart of the discussions, on Tuesday, February 16, between the General Confederation of Moroccan Enterprises (CGEM) and Moroccan entrepreneurs worldwide.
By 2023, 5,000 project leaders will be supported thanks to a new support program. Moroccan startups will be able to benefit from support of up to 2 million dirhams per project.
After savings, solidarity and support for families, Moroccans living abroad (MREs) invest 10% of the transfers made each year in real estate, according to Finance Minister Mohamed Benchaâboun .
Thanks to political, economic and social reforms, Morocco remains a reliable destination for foreign investors, mainly Spanish. This is what Karima Benyaich, the Moroccan ambassador to Spain, indicated.
The first report from The Business Year has looked at Morocco’s economic advances. Titled "The Business Year: Morocco 2020/21", the report was produced in collaboration with the Moroccan Agency for Investment and Export Development (AMDIE) and the American Chamber of Commerce (AmCham).
The Moroccan Society of Tourist Engineering (SMIT) organized a webinar on February 4 on tourism investment between Morocco and China.
Remittances from Moroccans living abroad increased by 5% to a total of 67.997 billion DH (MDH) in 2020 compared to 64,779 billion in 2019, according to the Office des Changes.
Despite Covid-19, investors still trust the technical potential of North Africa and the Middle East. Proof of this, in 2020, promoters increased venture capital investments in this sector.
The Nexans Group has just inaugurated a new factory in Nouaceur for its Telecom Systems Business Unit. This new unit will produce fiber optic cable connectivity accessories for FTTH, 5G, Data Center and LAN applications.