The textile industry represents the first pole, in the pyramid of foreign investments, in Tangier. More than 80,000 direct jobs have been created by companies in the sector, inducing very good economic and social dynamics, for deplorable working conditions.
In a Report published on the level of external debt in the Middle East and North Africa (MENA) region, Bloomberg, the news agency specializing in economics and finance, takes a look at the situation of Morocco’s external debt. The study reveals that the Kingdom is more dependent on foreign borrowing than on FDI, a decade ago, and is "unable to repay its accumulated external debt".
As part of the implementation of advanced regionalization, the funding allocated to the regions is set to increase annually from 2021.
The major efforts undertaken by Morocco to boost the country’s development have paid off. Indeed, the Kingdom has just been ranked 4th among the countries that attract the most foreign investment in the Middle East and North Africa (MENA) region.
Morocco will become one of the largest transshipment hubs in the world in the coming years, said the Danish shipowner, A.P. Moller-Maersk. This will be achieved thanks to the addition of the APM Med-Port terminals, with a capacity of 5 million TEUs (Twenty-foot Equivalent Units), at the Port of Tangier-Med.
A few times after sealing a protocol of agreement with Maître Gims (Friend of King Mohammed VI), aimed at creating the Lamalif Afrique Company, the associates of the Congolese rapper have just increased the share capital of Lamalif Group. It goes from 10 million dirhams to triple.
Specializing mainly in tiles, the Spanish group "Porcelanosa" is working to strengthen its international network. To this end, it has just inaugurated a new showroom in Rabat.
The Abu Dhabi Fund for Development (ADFD) has launched 82 investment projects in Morocco for a budget of around 9 billion dirhams.
The director of the French Development Agency (AFD) in Morocco, Mihoub Mezouaghi, indicated in Rabat that the investments financed by the Agency in the kingdom amounted to 405.8 million euros for the year 2018.
Congolese rapper Maître Gims and a Moroccan company (Lamalif) have just joined forces and created a group called Lamalif Afrique, with what is said to be noble ambitions, in addition to business.
Morocco seems to be attracting global cybersecurity specialists, as evidenced by the installation of the French group Orange Cyberdefense, which has just announced the establishment of a subsidiary in Casablanca.
Morocco was in 2018 the leading Maghreb investor in France, with 8 investment projects and 145 jobs created.