A new technical platform dedicated to the manufacture of the new Covid-19 vaccine will be inaugurated in Tangier . The announcement was made by the director of the biotechnology laboratory at the Faculty of Medicine and Pharmacy in Rabat.
Between 2000 and 2019, Morocco’s Gross Domestic Product (GDP) doubled, reaching over 1,000 billion dirhams. This is what the Minister of Economy indicated in his response, following the interventions of the parliamentary groups and groupings.
Until the end of September, the economic activity of banks does not seem to be affected by the effects of the health crisis. The outstanding deposits and loans have recorded an increase since the beginning of the year.
The process is underway for the realization of a large continental seawater desalination plant in Casablanca. This is the announcement made by the Minister of Equipment, Transport, Logistics and Water, Abdelkader Amara , on Tuesday in Rabat.
The Cité Mohammed VI Tanger Tech has just found a first foreign investor. It is Aeolon, a wind turbine blade manufacturer based in Shanghai.
Despite the impact of the health crisis, Moroccan direct investment abroad (MDIA) is gradually resuming. The volume of MDIA reached 5.64 billion dirhams at the end of September, compared to nearly 5 billion dirhams at the end of June.
The investments of over 20 billion DH received in the last ten months confirm the attractiveness of the Marrakech-Safi region.
The Delegate Minister in charge of Moroccans Living Abroad, Nezha El Ouafi, announces that the government intends to attract 500,000 Moroccans living abroad (MRE) by 2030. They will be "potential investors" in many fields.
Morocco has been downgraded in terms of investment quality by the international rating agency Fitch. The Kingdom’s rating has gone from BBB- to BB+.
Shortly after the revision of the free trade agreement between Morocco and Turkey, the Turkish distribution group is considering the entry of Moroccan investors into its capital.
Morocco is ranked 9th in the MENA region in terms of foreign direct investment (FDI). According to the 2020 FDI Report, Morocco captured $3 billion in FDI in 2019.
The Mohammed VI Fund has mobilized more than 3.13 billion dirhams for the health sector, according to the presentation note of the draft finance law (PLF-2021).