Morocco
Agadir Airport Begins $2 Million Expansion to Meet Growing Passenger Demand
The renovation work on Agadir airport will start next month and will last for 12 months, in order to meet the sustained growth in passenger traffic.
Topic
Investment
Morocco
Moroccan Diaspora Investment Conference in London Explores Economic Development Opportunities
How to encourage Moroccans living abroad (MRE) to contribute to the economic development of Morocco? This is the theme of the first in a series of conferences initiated by the Trophées Marocains du Monde (FTMM) Foundation and BM Magazine. The meeting was held on Friday in London.
Morocco
Stellantis to Invest €300 Million, Boost Car Production in Morocco to 450,000 Units Annually
In the coming years, the "Stellantis" group intends to mobilize its resources to improve the production of cars at its plant in Kenitra. 300 million euros will be mobilized to produce 450,000 vehicles.
Morocco
Canadian Firm to Invest $140M in Moroccan Silver Mine Expansion
The Canadian company Aya Gold & Silver plans to invest $140 million in the Zgounder silver mine, 200 km south of Marrakech, to quintuple its production by 2024.
Morocco
Chilean Berry Giant Agroberries Expands to Morocco with €40 Million Investment
The Chilean group Agroberries, world leader in the production and marketing of berries, announced on Tuesday that it has invested 40 million euros in Morocco.
Morocco
Morocco Grants Licenses to Foreign Cannabis Companies as Industry Takes Root
Following the adoption of the draft law on the legal use of cannabis, several foreign investors are expressing interest in investing in this field in Morocco. More than a dozen of them are awaiting their authorizations , according to Istiqlal MP Noureddine Mediane.
France
US Overtakes France as Top Foreign Investor in Morocco, FDI Reaches 16.19 Billion Dirhams
As of the end of June 2022, Morocco has attracted a net flow of foreign direct investment of 16.19 billion dirhams. The United States has overtaken France and has become the leading country of origin of FDI to the kingdom.
Spain
Spanish Developer Seeks $440 Million from Morocco in World Bank Arbitration
The real estate company Marina d’Or and Morocco have taken the preliminary steps to the arbitration settlement of the dispute that opposes them and relating to real estate investments in the kingdom. The Spanish company is claiming more than 400 million euros from Morocco.
Morocco
Morocco's Railway System to Receive $1.3 Billion Upgrade, Focusing on Infrastructure and Rolling Stock
The National Railway Office (ONCF) has planned an investment of more than 13.4 billion dirhams during the period 2023-2025.
Morocco
Morocco Allocates $370 Million in Agricultural Subsidies for 2023 Season
The government maintains its support for the agricultural sector. This year, 3.7 billion dirhams in subsidies will be allocated to the sector, for a total investment of 7.4 billion dirhams.
Morocco
Lear Expands in Morocco: New Auto Parts Plant to Create 2,000+ Jobs in Meknes
The American automotive supplier Lear is strengthening its activities in Morocco with the inauguration in Meknes of a new plant, the 16th in the kingdom.
Morocco
Morocco Invests 4 Billion Dirhams to Expand Key Tourist Airports
As part of its investment plan called Envol 2025, aimed at supporting the growth of the tourism sector, the National Airports Office (ONDA) will mobilize an amount of 4 billion dirhams in 2023 to support the growth of the activity of the airports of Marrakech, Agadir and Tangier .