
Progress of Morocco's Tanger Tech City Project Under Scrutiny
The development project of the Mohammed VI Tanger Tech city is a concern for the partners. Its progress was the subject of an examination this week in Tangier.

The development project of the Mohammed VI Tanger Tech city is a concern for the partners. Its progress was the subject of an examination this week in Tangier.

While Morocco was supposed to receive a first batch of the Russian Sputnik vaccine at the end of March, the status quo remains. And for good reason, no commercial agreement has yet been signed between the two countries.

The French Minister Delegate to the Minister of Ecological Transition was on a visit to the Tanger-Med port complex. Jean-Baptiste Djebbari and his Moroccan counterpart Abdelkader Amara had exchanges aimed at strengthening the existing bilateral port cooperation between the two countries.

A new basic chemical platform worth $1.3 billion will soon be operational between Morocco and Nigeria to boost the supply of certain chemicals between the two countries.

Things are taking shape for the project to build a tunnel connecting Spain and Morocco under the Strait of Gibraltar. Exchanges have taken place between the parties in recent months.

David Govrin, head of the Israeli liaison office in Morocco, says that the advancement of diplomatic relations between Morocco and Israel "will be gradual," because "cooperation between the two countries needs time."

Cooperation between Morocco and Israel is taking on a new dimension with the signing, on Monday, March 22, of a strategic partnership agreement to promote economic and commercial relations and technological development between the two countries. The event took place by videoconference, between the President of the General Confederation of Moroccan Enterprises (CGEM), Chakib Alj, the President of The Israeli Employers and Business Organizations (IEBO) and the Manufacturers Association of Israel (MAI), Ron Tomer, as well as the President of the Federation of Israeli Chambers of Commerce (FICC), Uriel Lynn.

Morocco and Israel have maintained close relations for many years, and this in almost all areas. On the security level, cooperation between the two countries is most often secret, through the exchange of intelligence information and a fairly sophisticated arms trade.

The great potential of Moroccan waters attracts investors from the Basque Country. Their emissaries have been staying in Morocco since this Monday to study the opportunities offered by this sector.

At a time when diplomatic relations between Morocco and Germany are not at their best, the KFW’s post-Covid-19 recovery line intended to support Moroccan SMEs hit hard by the health crisis seems to be compromised.

Casablanca Finance City Authority (CFCA) and the Financial Service Development Council (FSDC) of Hong Kong are strengthening their collaboration. In a press release, the two financial centers indicate that they have just signed an agreement that lays the foundations for an exchange of best practices in terms of development of the financial industry.

In the run-up to the 8th edition of the virtual SelectUSA 2021 summit to be held from June 7 to 11, Lawrence Randolph talks about business opportunities for Moroccan investors. He is pleased with the good progress of the win-win trade between the two nations.