The English company Mondi, a global packaging specialist, continues its investments in Morocco, with the commissioning of a new production unit installed in Tangier. This is the group’s 3rd site in Morocco and the 4th on the continent with the one in Côte d’Ivoire.
The Chinese company, Qingdao Sentury Tire, a manufacturer of tires for cars and aviation, will be setting up in Morocco. The objective is to meet the growing demand and to make the kingdom a hub for this sector.
Remittances from Moroccans living abroad have reached record levels in recent years , despite the Covid-19 health crisis and the economic situation. By the end of 2022, these transfers could reach 100 billion dirhams, an increase of 13% compared to the same period last year. But where do these funds sent by the Moroccan diaspora go?
To succeed in its mission, the CEO of the Mohammed VI Fund for Investment , Mohamed Benchaâboun, has defined his priorities and mode of operation, which were unveiled during his first Board of Directors meeting.
As part of its investment plan called Envol 2025, the National Airports Office (ONDA) has launched several projects to support the growth of the activity of the airports of Marrakech, Agadir and Tanger. Ultimately, these works will allow an increase of 25 to 50% in the reception capacity of the three platforms.
Morocco plans to locally manufacture Moroccan-branded cars . The project will start in the short term and will require a 100% Moroccan investment.
Morocco received on Saturday at its base in Nador its largest oil tanker in service, acquired from South Korea . The kingdom had placed the order in February 2021.
The French company Faurecia , specialized in the manufacture of automotive equipment, will strengthen its presence in Morocco, through the creation of a new plant in Salé. In this regard, a protocol of agreement has been signed between the group and the State.
The French group Thales, a world specialist in cybersecurity , will strengthen its presence in Morocco through a new investment worth more than 350 million dirhams dedicated to the outsourcing sector.
The Japanese company Sumitomo, specialized in the manufacture of automotive cables and components , will strengthen its presence in Morocco by increasing its investments. The group plans to build nine new units in different regions of the kingdom.
Morocco wants to further involve its talents abroad in its development process. In this sense, a mechanism is being developed to support Moroccan talents abroad, in line with the royal guidelines.
In a difficult context marked by the energy crisis and soaring prices, Morocco has stepped up its energy transition efforts. Thanks to its policy focused on private investment in the sector, the kingdom could reach its goal of 52% of electricity production capacity from renewable sources before 2030.