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.
Revenue
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 (…)
Renault Expands Electric and Hybrid Vehicle Production in Morocco
21 January 2022
After a generally satisfactory year 2021, the Renault group has decided to expand its development prospects in Morocco, betting this year on electric and hybrid.
Morocco’s Air Passenger Traffic Surges 39% in 2021, Still Below Pre-Pandemic Levels
19 January 2022
In 2021, Moroccan airports recorded commercial air traffic of more than 9.9 million passengers, up 38.9% compared to 2020, according to the National Airports Authority (ONDA).