
Morocco Allocates 500 Million Dirhams to Modernize Public Transport Fleet
As part of the relaunch of the road transport fleet renewal program, the government has announced the release of a budget of 500 million dirhams for the 2022-2023 period.

As part of the relaunch of the road transport fleet renewal program, the government has announced the release of a budget of 500 million dirhams for the 2022-2023 period.

Aquatech Maroc, a subsidiary of the Canadian-based Aquatech International group, was selected at the end of the selection process for the company that will be responsible for the management and operation of the facilities and structures of the treatment unit for the discharges from the Bouregreg treatment plant.

The KFC fast food chain, specialized in fried chicken, is concretizing its expansion line in Morocco, through the opening of a new restaurant located in Derb Ghallef in Casablanca.

Morocco’s privileged geographical location and its policy of massive investments in the transport and logistics sectors for more than a decade make it a dream destination for German investors.

Dari Couspate, the Moroccan leader in couscous and pasta, is expanding its activities in the European market, announcing the acquisition of a couscous production unit in Belgium.

In order to improve passenger security and flow, Rabat-Salé airport is preparing to equip itself with a facial recognition system. A call for tenders has been launched for this purpose and the opening of the bids is scheduled for September 15th.

The first return of Moroccans residing abroad (MRE) to Morocco after the Covid-19 pandemic is marked by a strong influx of foreign currency.

The number of self-employed workers continues to increase in the kingdom. At the end of 2021, there were 373,663 of them, four times more than 4 years ago, according to figures from the Directorate General of Taxes (DGI).

Morocco faces financial sanctions of around 23 billion dirhams for not having respected its commitments towards many foreign investors over the past decade.

In 2021, France was the main destination for the net flows of Moroccan direct investments abroad (IDME), with 1.4 billion dirhams (MMDH), according to the Office des Changes.

The Israeli company Fruitspec, specialized in the agri-food industry, is setting up shop in Morocco. It is thus arriving with its highly accurate system for estimating fruit tree yields.

The American company Collins Aerospace, specialized in the manufacture of aeronautical equipment , will develop its supply ecosystem in Morocco. To this end, a memorandum of understanding has been signed to this effect between the management and the ministry in charge of industry.