Morocco

MOROCCO GOVT. PLEDGE RECONSTRUCTION PROGRAM AIMED EARTHQUAKE AFTERMATH

Posted on by Gambeta News
MOROCCO GOVT. PLEDGE RECONSTRUCTION PROGRAM AIMED EARTHQUAKE AFTERMATH

In the emotionally charged wake of the horrendous earthquake that hit central Morocco this past Friday, a ministerial committee held a meeting today in Rabat to address the urgent need for reconstructing damaged homes in the affected regions. 

Chaired by Prime Minister Aziz Akhannouch, the committee worked on formulating a …

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MOROCCO LAUNCHED US$52M VEGETABLE OIL PLANT

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MOROCCO LAUNCHED US$52M VEGETABLE OIL PLANT

Morocco has launched a one-of-a-kind vegetable oil production plant in theindustrial park of El Marsa in the province of Laâyoune, the southern region of the country.

At a total investment of 190 million dirhams (US$52 million), the plant was inaugurated by El Moussaoui, the project’s investor on August 20, on …

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MOROCCO WATER SCARCITY: HOW ROSATOM PARTNERSHIP CAN HELP THE NATION

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MOROCCO WATER SCARCITY: HOW ROSATOM PARTNERSHIP CAN HELP THE NATION

Russian nuclear energy giant Rosatom, and Moroccan company Water & Energy Solutions, joined forces to address the pressing issue of water scarcity.

The agreement was formalized during the second Africa-Russia Economic Summit, which took place in Saint Petersburg on July 27-28. 

The accord, in the form of a memorandum of …

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BOUJDOUR WIND FARM BECOMES OPERATIONAL IN MOROCCO

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BOUJDOUR WIND FARM BECOMES OPERATIONAL IN MOROCCO

Located in Morocco’s Southern provinces, the Boujdour wind farm is officially operational, according to a statement from the National Office of Electricity and Drinking Water (ONEE). 

With the opening of the Boujdour wind farm, Morocco’s southern provinces are now home to 8 wind energy projects, with 17 on the national …

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BRISTISH INVESTORS EYE DAKHLA’s RENEWABLE ENERGY POTENTIAL

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BRISTISH INVESTORS EYE DAKHLA’s RENEWABLE ENERGY POTENTIAL

A delegation of British investors are setting their sights on Dakhla’s abundant renewable energy potential as they embark on a two-day visit to the southern Moroccan region of Dakhla-Oued Eddahab to explore investment opportunities.

Led by Brannan Tempest, the CEO of Oblin Group, which specializes in the engineering and construction …

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FERTILIZER GIANT OCP TO HELP IMPROVE MOROCCO WATER MANAGEMENT SYSTEM

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FERTILIZER GIANT OCP TO HELP IMPROVE MOROCCO WATER MANAGEMENT SYSTEM

Moroccan fertilizer giant OCP has renewed its determination to continue boosting Morocco’s sustainable development through the signing of a new memorandum of understanding as well as a concession contract with the country’s government in a bid to help improve its water management efforts.

Morocco’s government and the OCP group signed …

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DUTCH PRIME MINISTER SET TO PARTNER WITH MOROCCO FOR GREEN HYDROGEN PROJECT

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DUTCH PRIME MINISTER SET TO PARTNER WITH MOROCCO FOR GREEN HYDROGEN PROJECT

The Dutch Prime Minister Mark Rutte is set to visit Morocco on June 21 to explore avenues of cooperation on green hydrogen and reinforce economic cooperation between the two countries.

The Head of the Moroccan government Aziz Akhannouch will receive Rutte in Rabat upon his arrival, indicated the Dutch government …

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MOROCCO AND ISRAEL SIGNED DEAL TO BOOST TRANSPORTATION SECTOR

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MOROCCO AND ISRAEL SIGNED DEAL TO BOOST TRANSPORTATION SECTOR

Morocco and Israel signed on Monday three agreements to boost bilateral cooperation in the sector of transportation, including maritime transport.

The accords cover different aspects of the transport sector, including maritime transport, reciprocal recognition of driving licenses, as well as road safety.

Moroccan Minister of Transport Mohamed Abdeljalil signed the …

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MOROCCO GOVT. APPROVED US$7.6BILLION FUND FOR CONSTRUCTION OF 17 PROJECTS

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MOROCCO GOVT. APPROVED US$7.6BILLION FUND FOR CONSTRUCTION OF 17 PROJECTS

Morocco’s National Investment Commission on Wednesday announced it approved 17 projects with a combined budget of MAD 76.7 billion ($7.6 billion).

In a meeting chaired by Head of Government Aziz Akhannouch, the investment commission also approved four amendments to existing agreements.

According to a statement, the projects hold “immense economic …

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MOROCCO AND SOUND ENERGY AGREED DEAL FOR LNG PROJECT

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MOROCCO AND SOUND ENERGY AGREED DEAL FOR LNG PROJECT

British energy firm Sound Energy announced that its micro-liquefied natural gas (LNG) project at the Tendrara production concession in Morocco will generate its first revenues in early 2024, marking a major milestone for the company.

The London-listed company issued a press release unveiling its audited final results for 2022, emphasizing …

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SOUTH KOREA FIRM OPEN NEW INDUSTRIAL PLANT IN MOROCCO

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SOUTH KOREA FIRM OPEN NEW INDUSTRIAL PLANT IN MOROCCO

Morocco continues to attract international actors in the automotive industry, with South Korean manufacturer SJM Flex opening a new industrial plant in Tanger Automotive City on Thursday.

Officials from SJM and the Tanger Med Group attended the inauguration of the plant, which covers an area of 4,800 square meters.

The …

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MOROCCO TO EXPORT WATER DEMANDING CROPS DESPITE WORST DROUGHT

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MOROCCO TO EXPORT WATER DEMANDING CROPS DESPITE WORST DROUGHT

Morocco has been facing its worst drought in over three decades, but still, the country continues to overproduce and export water-demanding crops.

Ahead of the summer months, when even less rainfall is expected, the coming dry season may lead to an increase in water stress in the country. And, Morocco …

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SPAIN AND MOROCCO AGREED TO RELAUNCH TUNNEL PROJECT LINKING BOTH NATIONS

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SPAIN AND MOROCCO AGREED TO RELAUNCH TUNNEL PROJECT LINKING BOTH NATIONS

Spain and Morocco have committed to stepping up efforts to relaunch the tunnel that seeks to link the two countries under the Strait of Gibraltar.

“After fourteen years, from Tangier in October 2009, we are going to give impetus to the studies of a project of maximum geostrategic importance for …

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HOW MOROCCO REAL ESTATE MARKET IS SLOWING DOWN DUE TO LACK OF DEMAND

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HOW MOROCCO REAL ESTATE MARKET IS SLOWING DOWN DUE TO LACK OF DEMAND

Morocco’s real estate market is slowing down amid the ongoing financial shocks and plummeting demand. 

At the end of the fourth quarter of 2022, Morocco’s real estate index dropped by 0.7% compared to the previous quarter, according to a new report from Morocco’s central bank, Bank Al-Maghrib (BAM). 

The country’s

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MOROCCO DAMS REACHED 97.3M CUBIC DUE TO LAST YEAR WATER DROUGHT

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MOROCCO DAMS REACHED 97.3M CUBIC DUE TO LAST YEAR WATER DROUGHT

In the Marrakech-Safi region, water reserves reached 97.3 million cubic meters, with a filling rate of nearly 49%, up from 36% a year earlier.

After last year’s severe drought, the dams’ filling rate in Morocco reached nearly 33%, equivalent to 5.2 billion cubic meters as of February 20.

The filling

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AFDB ANNOUNCED APPROVAL TO STRENGTHEN MOROCCO WATER RESOURCES

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AFDB ANNOUNCED APPROVAL TO STRENGTHEN MOROCCO WATER RESOURCES

The African Development Bank (AfDB) announced the approval of a €201,000 grant to help and support technical assistance for the design of dams, river development as well as inter-basin interconnection studies in Morocco.

The grant from the bank’s Technical Assistance Fund for Middle-Income Countries was approved in December 2022, the …

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TANZANIA AND MOROCCO SIGN DEAL TO BUILD FERTILIZER FACTORY

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TANZANIA AND MOROCCO SIGN DEAL TO BUILD FERTILIZER FACTORY

Tanzania and Morocco have reportedly made significant progress in deepening their ties and are set to finalize the process of obtaining a “title deed” for the establishment of a fertilizer factory in the municipality of Kisarawe.

Reporting on February 7, Tanzanian news outlet the Citizen quoted Tanzania Fertilizer Company (TFC) …

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HOW MOROCCO’s GREEN ENERGY PRODUCTION CAN DECARBONIZE EUROPEAN ECONOMY

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HOW MOROCCO’s GREEN ENERGY PRODUCTION CAN DECARBONIZE EUROPEAN ECONOMY

Morocco has the potential to decarbonize the European economy, Morocco’s Delegate-Minister of Investment, Convergence and the Evaluation of Public Policies Mohcine Jazouli said.

Speaking on the sidelines of Davos 2023 in Switzerland, Jazouli told Euronews that Morocco’s capacity to produce renewable solar and wind power, “will allow us to decarbonize …

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MOROCCO AND SPAIN AGREE TO DEVELOP PORT OF HUELVA TO BOOST TRADE

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MOROCCO AND SPAIN AGREE TO DEVELOP PORT OF HUELVA TO BOOST TRADE

The port of Huelva, one of the most important in Spain, and the National Single Window of Foreign Trade Procedures of Morocco (PORTNET) signed, Wednesday, a protocol of action for the study and potential development of the processes of digitization of maritime port chains.

The objective of the protocol, signed …

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MOROCCO TO INVEST €50M TO ESTABLISH PLANT TO PRODUCE LOCAL CARS

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MOROCCO TO INVEST €50M TO ESTABLISH PLANT TO PRODUCE LOCAL CARS

Morocco is set to invest €50 million to establish a plant to produce local car brands.

The factory will be made with a 100% Moroccan investment, Morocco’s Minister of Trade and Industry Ryad Mezzour said in a recent interview.

Through the plant, Morocco is set to produce approximately 3,000 cars …

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