Morocco
English Fund Actis Acquires Four Seasons Marrakech from Saudi Prince
The Four Seasons Hotel in Marrakech has been sold to the English fund Actis and the Ugandan Moez Mangajli.
Topic
Investment
Morocco
Morocco Unveils $4 Billion Annual Public Investment Plan to Boost Post-COVID Economy
Morocco intends to give a new impetus to public investment during the post-Covid-19 period. In total, a significant sum of around 40 billion DH will be injected each year.
Morocco
Survey: Half of Moroccans Welcome Increased Chinese Investment
China’s influence in the MENA (Middle East-North Africa) region is no longer to be demonstrated. The survey conducted by Arab Barometer reveals that 49% of Moroccans believe that there should be more Chinese investments in their country.
France
French Veterinary Firm Neftys Pharma Expands to Morocco with Pharmavet Acquisition
Very active in the distribution of veterinary products, mainly in France, as well as in other European countries and West Africa, the French Neftys Pharma is now settling in Morocco. It has acquired Pharmavet, one of the leading Moroccan veterinary laboratories.
Morocco
Morocco Invests 40 Billion Dirhams Annually in Transport Infrastructure Expansion
Morocco plans to invest 40 billion dirhams per year to support the transport sector. It is a question of strengthening the development of infrastructure.
Morocco
Morocco Launches Emergency Fund to Support Startups During COVID-19 Crisis
Morocco wants to set up a new component called the "Covid-19 Emergency Plan" within the Innov Invest Fund (FII). It aims to support and support the actors of the startup ecosystem to cope with this crisis.
Morocco
Morocco Announces Public Sector Hiring Freeze Amid 3-Year Austerity Plan
Except for the ministries of the Interior, Education, and Health, no other department is allowed to create budgetary positions in 2021. In conveying this information to the ministers, the head of government explained that the repercussions of the pandemic have required the programming of a three-year austerity budget.
Morocco
Morocco Launches $36 Million Emergency Water Plan for Northern Cities
Morocco has put in place an emergency plan to secure the water supply for the populations of Tangier and Targuist. This plan is estimated at 360 million DH.
Morocco
Prince Moulay Rachid's Company to Open Snack Factory Near Rabat, Creating 100 Jobs
The "Providence Holding" group, in which Prince Moulay Rachid is the majority shareholder, will open a new industrial unit in the Rabat region. The factory will specialize in the production of crackers (dry biscuits, chips...)
Morocco
Morocco Approves $2.3 Billion in New Investments, Creating Over 8,500 Jobs
Morocco continues to attract investors despite the health crisis related to the coronavirus. The overall investment volume is evidence of this.
Morocco
Morocco Streamlines Construction Permits to Boost Post-Pandemic Economy
The Ministry of Spatial Planning has just generalized the pre-instruction procedure and the re-examination of pending authorization application files.
Morocco
Moroccan Ad Spending Plummets 36% During Ramadan, All Media Affected
Advertising investments in Morocco have experienced a drastic drop during the month of Ramadan, unlike previous years when they reached their peak during this fasting period.