The visit of a high-level American-Israeli delegation to Rabat on December 22nd opens new doors for Morocco. The recent partnership agreements signed with the United States will make the Kingdom the regional hub for American investments in the very near future.
With the normalization of relations between Morocco and Israel, the two countries hope to develop joint ventures in Palestine, Bahrain and the United Arab Emirates. At least, this is what emerges from the statements of the Israeli Minister of Economy and Industry, Amir Peretz.
Moroccan companies are increasingly unable to repay their loans to banks. The table of outstanding receivables is worrying.
Remittances from Moroccans living abroad (MRE) to Morocco have withstood the winds of Covid-19 and its consequences. As of the end of November 2020, remittances made by MREs recorded an increase of 3.9% compared to the end of November 2019.
Between 2011 and 2021, public investment increased by 37%, from 167.3 billion to 230 billion dirhams planned for 2021. This is indicated by the sixth version of the note on the regional distribution of investment accompanying the Draft Finance Law (PLF) 2021 of Morocco.
Specialized in aluminum molding and the production of aluminum automotive parts, the Chinese group Citic Dicastel has just inaugurated its second aluminum wheel production plant. For a total investment of 350 million euros, the plant was inaugurated on Saturday, December 26 in Kenitra.
VM Steel Maroc, this is the name of the subsidiary of the Van Meerbeek group in the kingdom. In a trio with K-Steel Service Senhadji & Trade (K-3S&T), it aims to become "the reference in the supply of steel products" for its customers.
Civil aviation, innovation, water resource development, finance and investment... These are the strengths of the agreements Morocco has signed with the United States and with Israel. The Minister of Foreign Affairs, African Cooperation and Moroccans Residing Abroad, Nasser Bourita talks about the importance of these agreements that strengthen the Kingdom’s relations with the two parties.
$5 billion, this is the amount that the American Development Finance Corporation (DFC) is about to invest in Morocco and the region. This initiative, which increases US investments, comes to strengthen the kingdom’s role as an economic hub on the continent.
A budget envelope of 40 billion dirhams is necessary to carry out a high-speed rail line (LGV) between Kenitra and Marrakech, announced on Tuesday the Minister of Equipment, Transport, Logistics and Water, Abdelkader Amara.
Fez and Marrakech will no longer have anything to envy seaside towns. The American group Crystal Lagoons, in partnership with Moroccan investors, plans to build artificial lagoons there.
Investor Moroccans living abroad, that’s what the Ministry Delegate for Moroccans Residing Abroad (MREs) is looking for, with the ambition of attracting 500,000 by 2030.