Most Moroccan companies expect a slight increase in their production in the 4th quarter of 2020, according to the High Commission for Planning (HCP) in a business survey of companies in the manufacturing industry sector.
VM Steel Maroc, this is the name of the subsidiary of the Van Meerbeek group in the kingdom. In a trio with K-Steel Service Senhadji & Trade (K-3S&T), it aims to become "the reference in the supply of steel products" for its customers.
In 2019, Egypt removed customs duties on cars imported from the European Union, without changing the customs duties on parts. Dissatisfied, the Japanese automotive group Nissan suggests to Cairo to follow the model of local component production and the tax regime of Morocco.
The British gas company Sound Energy will build a small-scale liquefied natural gas (LNG) plant in Morocco .
Morocco is on its way to becoming one of the world champions of the automotive industry. Today, the Kingdom is competing with the great powers, said the Minister of Industry, Trade, and Green and Digital Economy, Moulay Hafid Elalamy.
Faced with the weakness of olive oil exports, Morocco is working to improve its positioning in the Mediterranean.
While several players abandoned assets in 2020, Chariot Oil & Gas has improved its positions, mainly in Morocco. It has just acquired a new exploration area called Rissana Offshore, the contract for which will be finalized in 2021.
Every year, Morocco imports more than $20 billion worth of products. To solve this problem, the Kingdom intends to improve its national industrial fabric, replacing $9 billion in imports with local products, in response to the 2021-2023 industrial recovery plan.
A few days after the announcement of the US recognition of the Moroccanness of the Sahara, the American equipment manufacturer Adient, world leader in the automotive seat segment, will sign, in Casablanca, a memorandum of understanding with the Moroccan government. This is the first in a series of announcements mentioned by the US Ambassador to Morocco, David Fisher.
The normalization of relations with Israel negotiated by the United States presents advantages for Morocco , including the help of the Hebrew state in the construction of its arms industry.
Kénitra benefits from the extension of its Industrial Acceleration Zone (ZAI). The agreement was signed by the Minister of Industry, Trade and Green and Digital Economy, Moulay Hafid Elalamy and the Director General of the Caisse de Dépôt et de Gestion, Abdellatif Zaghnoun, on Tuesday in Casablanca.
Morocco is currently a credible alternative for European countries. Speaking to the press on Tuesday in Rabat, the Minister of Industry, Trade, Green Economy and Digital, Moulay Hafid Elalamy presented all the advantages that Morocco offers for European industry and how reliable it is to invest there.