Real estate developers are counting on the summer season and Moroccans residing abroad (MREs) to get their market out of its stagnation. The latter are also among the beneficiaries of the new housing assistance program.
The US State Department has given the green light for the sale to Morocco of High Mobility Artillery Rocket System (HIMARS) missile systems, as well as related equipment. The cost of this acquisition is estimated at $524 million.
When he was young, Franco-Moroccan comedian Jamel Debbouze cherished the dream of turning a large plot of land he had acquired in Trappes at a certain time into a grand residence. But this dream never materialized.
Morocco is strengthening the capabilities of its Royal Air Force with the acquisition of Harpoon Block II (AGM-84L) anti-ship missiles and SLAM-ER (AGM-84H/K) cruise missiles from the American manufacturer Boeing.
The municipality of Aït Melloul in the Souss-Massa region has finally renounced the purchase of 10 cars worth a total of 2 million dirhams. This acquisition had sparked a lively controversy in the city.
Ghita Mezzour, Minister Delegate in charge of Digital Transition and Administrative Reform, denied the acquisition of a luxury car for 2.48 million dirhams and another for 1.27 million dirhams.
Applauded at its launch, housing aid no longer generates the same enthusiasm. To date, 8,500 people have benefited from this subsidy.
Malik Sefrioui, 33, the vice-president of the Ciments de l’Atlas-Ciments de l’Afrique group based in Casablanca, son of real estate magnate Anas Sefrioui, and now husband of Kenza Akhannouch, the daughter of the Moroccan Prime Minister, has acquired a beachfront residence in Hibiscus Island, Miami Beach worth $15.375 million.
Morocco has acquired several state-of-the-art multipurpose light armored vehicles (HUMVEE) following the approval of the US Congress in February. These vehicles will be made available to the various corps of the Royal Armed Forces (FAR) and will be deployed on various fronts, particularly in the Sahara.
The Swedish shipping company Stena Line Holding BV is about to acquire 49% of the shares of the Morocco-based company Africa Morocco Link, held by the Greek shipowner Attica Holdings S.A.
The municipality of Fez wants to modernize its urban transport network. The authorities of the city will soon launch a call for tenders for the acquisition of 114 new buses produced in Morocco.
While first-time buyers have welcomed the new housing assistance program favorably, real estate developers, for their part, prefer to play the card of caution. They are calling on the government to review the conditions to make the offer more attractive.