
City Club to Invest 100 Million DH in Fitness Equipment, Plans 40 New Women-Only Gyms in Morocco
City club wants to invest 100 million DH to renew the entire fleet of machines. This decision shows the ambition of the brand in Morocco.

City club wants to invest 100 million DH to renew the entire fleet of machines. This decision shows the ambition of the brand in Morocco.

Morocco has invested heavily in road infrastructure over the past seven years. A total of 149 partnership agreements have been concluded in this area by the Ministry of Equipment, Transport, Logistics and Water since 2012, for a total amount of 35.6 billion DH, said the Minister in charge, Abdelkader Amara.

A radical change is envisaged in the policy of attracting foreign investment in Morocco, according to the 2020 Finance Bill.

Some 100 million dirhams are being injected by Amazon, the world’s largest listed company, into its Moroccan subsidiary, Amazon Support Services.

The flow of Moroccan Direct Investments Abroad (IDME) recorded a strong increase, going from 2.89 billion dirhams in 2018 to 5.93 billion dirhams in 2019.

The Japanese group, JTEKT corporation, inaugurated on Wednesday, October 9, a new production site for steering systems. A 220 million dirham investment spread over an area of more than 11,300 square meters and located within the Tanger Med industrial platform.

The French automaker Peugeot, by setting up in Kenitra, seems to have influenced other companies in the sector, which, according to Jeune Afrique, believe that Morocco offers more opportunities in terms of liberal policy and political stability.

Portugal wants to strengthen trade relations with the economic players in the Tanger-Tétouan-Al Hoceima region. A delegation of businessmen and company representatives spent the weekend in the region to inquire about partnership and investment opportunities.

A new factory has been inaugurated in Casablanca by Mercure industrie, a Moroccan specialist in hygiene products and solutions. Through this new investment, the company is multiplying its production capacity by 12, to 15,000 tons per year.

3,300 direct jobs and 5,300 indirect jobs will be created thanks to 49 investment projects that the Regional Investment Commission of Souss-Massa has approved during a meeting held in Agadir.

As part of the "Morocco Week in Strasbourg" event, which is being held until September 28, the assets that make Morocco an important regional economic hub were presented on Wednesday, September 25, to representatives of the Alsatian economy.

The development work on the Indénié Crossroads, a component of the Cocody Bay Preservation and Enhancement Project, was launched on Monday, September 16. This is a project supported by King Mohammed VI and by the President of Côte d’Ivoire, Alassane Dramane Ouattara.