Morocco
Morocco's Tourism Sector Faces Investment Freeze Amid COVID-19 Crisis
The health crisis related to the coronavirus has had a negative impact on tourism investments to the point of darkening the horizon of a better tomorrow.
Topic
Investment
Morocco
Morocco to Produce Sinopharm Covid-19 Vaccine in New Tangier Facility
A new technical platform dedicated to the manufacture of the new Covid-19 vaccine will be inaugurated in Tangier . The announcement was made by the director of the biotechnology laboratory at the Faculty of Medicine and Pharmacy in Rabat.
Morocco
Morocco's GDP Doubles in Two Decades, Surpassing 1 Trillion Dirhams
Between 2000 and 2019, Morocco’s Gross Domestic Product (GDP) doubled, reaching over 1,000 billion dirhams. This is what the Minister of Economy indicated in his response, following the interventions of the parliamentary groups and groupings.
Morocco
Moroccan Bank Deposits Surge Despite COVID-19 Economic Challenges
Until the end of September, the economic activity of banks does not seem to be affected by the effects of the health crisis. The outstanding deposits and loans have recorded an increase since the beginning of the year.
Morocco
Morocco to Build Africa's Largest Seawater Desalination Plant in Casablanca
The process is underway for the realization of a large continental seawater desalination plant in Casablanca. This is the announcement made by the Minister of Equipment, Transport, Logistics and Water, Abdelkader Amara , on Tuesday in Rabat.
Morocco
Chinese Wind Turbine Manufacturer Invests in Morocco's Tanger Tech City Project
The Cité Mohammed VI Tanger Tech has just found a first foreign investor. It is Aeolon, a wind turbine blade manufacturer based in Shanghai.
Morocco
Moroccan Foreign Investment Rebounds to 5.64 Billion Dirhams Despite Pandemic Challenges
Despite the impact of the health crisis, Moroccan direct investment abroad (MDIA) is gradually resuming. The volume of MDIA reached 5.64 billion dirhams at the end of September, compared to nearly 5 billion dirhams at the end of June.
Morocco
Marrakech-Safi Region Attracts $2 Billion Investment, Creates 7,200 Jobs in 10 Months
The investments of over 20 billion DH received in the last ten months confirm the attractiveness of the Marrakech-Safi region.
Morocco
Morocco Aims to Attract 500,000 Expat Investors by 2030, Says Minister
The Delegate Minister in charge of Moroccans Living Abroad, Nezha El Ouafi, announces that the government intends to attract 500,000 Moroccans living abroad (MRE) by 2030. They will be "potential investors" in many fields.
Morocco
Fitch Downgrades Morocco's Credit Rating Amid COVID-19 Economic Impact
Morocco has been downgraded in terms of investment quality by the international rating agency Fitch. The Kingdom’s rating has gone from BBB- to BB+.
Morocco
Turkish Retailer BIM Explores Local Partnerships in Morocco Amid Trade Changes
Shortly after the revision of the free trade agreement between Morocco and Turkey, the Turkish distribution group is considering the entry of Moroccan investors into its capital.
Morocco
Morocco Ranks 9th in MENA Region for Foreign Direct Investment, Attracting $3 Billion in 2019
Morocco is ranked 9th in the MENA region in terms of foreign direct investment (FDI). According to the 2020 FDI Report, Morocco captured $3 billion in FDI in 2019.