Tanger Med Port Complex Breaks Records with 8.1 Million Container Throughput
30 April 2022
At the end of 2021, the Tanger Med group, which manages the Tanger Med port complex, posted a gross turnover of 8.044 billion dirhams, a strong increase.
Revenue
Morocco’s Auto Sales Slump Continues: 6% Drop in First Quarter
6 April 2022
The slowdown observed at the beginning of the year in car sales continues. At the end of March, sales stood at 41,399 units, down 6.26% compared to the same period last year.
Moroccan Phosphate Giant OCP Reports 380% Profit Surge to $1.7 Billion
24 March 2022
At the end of 2021, the accounts of the OCP group generated a record profit of 16.3 billion dirhams (MMDH), compared to only 3.4 billion dirhams a year earlier.
Balearia Shipping Expects Boost as Morocco Travel Links Resume
24 March 2022
The shipping company Balearia recorded 103 million euros in turnover in 2021, its chairman Adolfo Utor said on Thursday during the presentation of the company’s activity report (…)
Morocco’s New Car Sales Drop 4.35% in Early 2024, Auto Industry Faces Headwinds
3 March 2022
The new car market in Morocco has slowed down at the beginning of this year. As of the end of February, sales recorded a 4.35% decline compared to the same period last year.
Morocco’s Hotel Industry Set for 6.4% Annual Growth, Forecasts $1.87 Billion Revenue by 2026
12 February 2022
The hotel market in Morocco should experience a 6.40% annual growth, achieving a turnover of $1.87 billion during the 2021-2026 period, according to a recent study by the (…)
Morocco’s Highway Authority Targets 3.2 Billion Dirham Revenue, Expands Major Road Projects
9 February 2022
The National Motorway Company of Morocco (ADM) plans a turnover of 3.2 billion dirhams (MMDH) this year and hopes to reach 1.9 million Jawaz subscribers. Major projects will (…)
Moroccan Real Estate Giant Alliances Unveils 8 Billion Dirham Growth Plan Through 2025
9 February 2022
After a successful restructuring plan and a flourishing year 2021, the real estate group Alliances has unveiled its business plan for the 2022-2025 period.
Morocco’s Tourism Industry Faces Billion-Dollar Losses Amid Pandemic and Management Concerns
23 January 2022
The tourism sector has collapsed due to the effects of the persistence of the health crisis. But some professionals have also questioned the management by the authorities, a (…)
Omicron Surge Devastates Essaouira’s Tourism Industry, Businesses Plead for Aid
22 January 2022
Like many Moroccan tourist cities, Essaouira is suffering from the effects of the health crisis. Hotels and restaurants have gone bankrupt, plunging professionals and employees (…)