The CEO of Hassan Allam Holding, the Egyptian businessman Amr Allam, plans to invest up to $150 million in Morocco in the renewable energy and seawater desalination sectors.
$170,000. This is the amount invested by the United States in a restoration project for Torres Al Kalaa, a fortress dating back to the 23rd century, located in the Al Hoceima National Park.
Naguib Sawiris, Egyptian businessman, plans to invest $100 million in Morocco in the new technologies sector. His Orascom group is targeting the electric vehicle battery industry.
Indian billionaire Gautam Adani, whose conglomerate specializes in commodity trading and port operations in India, has chosen Morocco to invest in green energy . This is a mega project that will provide electricity and fuel to Europe.
The BCP Group has strengthened its activities in the United Arab Emirates with the launch of new banking operations dedicated to Moroccans living abroad. The objective is to encourage their investments in Morocco.
The Swiss group Barry Callebaut, specialized in the manufacture of chocolate products, has chosen Morocco for its first establishment in Africa. The manufacturer has just announced, this Tuesday, the signing of a long-term agreement with Attelli, a distributor and confectionery manufacturer based in Casablanca.
The process for the construction of the new Ribat El Kheir dam in the province of Sefrou has been initiated. A call for tenders has been launched in this regard by the general directorate of hydraulics.
Caribou Coffee, the American premium coffee chain which has just inaugurated its first store in Morocco, has announced the strengthening of its presence in the country with ten other points within the next two years.
In Morocco, the share of private investment from Moroccans living abroad remains low. Only 10% of MRE transfers are devoted to it. An incentive system is being put in place to better mobilize the investments of this community.
The year 2023 will be decisive for the Morocco-Nigeria gas pipeline, according to the words of Mele Kyari, the CEO of the Nigerian national oil company. This is a major project that has already been the subject of an agreement between ECOWAS, Morocco and Nigeria.
The construction work on the Nador West Med port is progressing rapidly. The main breakwater of the infrastructure was installed on Friday, the Ministry of Equipment and Water announced.
The Indian company specializing in automotive interior plastic components, Motherson, has opened a new plant in Tangier. It will supply dashboards and door panels for passenger cars and light commercial vehicles.