Saudi Arabia’s ACWA Power, China’s Chint Group to Build Three Solar Plants in Morocco

The Moroccan Agency for Solar Energy (MASEN) has selected Saudi Arabian power engineering firm ACWA Power and China’s Chint group to set up three solar plants with a total capacity of 70 megawatts as part of the Noor PVI project. With a combined capacity of 170MW, the three photovoltaic projects will help provide electricity with […]

Morocco seeks more Turkish investments to compensate trade deficit

Morocco is reportedly seeking a re-negotiation of its free trade agreement with Turkey as it seeks more Turkish investments to compensate for an expanding trade deficit, minister delegate in charge of foreign trade Omar Hjira said. The trade deficit with Turkey soared to 3 billion dollars, driven by fabric imports by Morocco’s textile sector. The […]

Belgian VM Steel, Moroccan K-3S & T companies set up joint entity

VM Steel, a Belgian stock-listed exporter of a wide range of steel products has launched, in partnership with Moroccan K-3S & T, a subsidiary, VM Steel Maroc, in Morocco from where it aims to conquer the African continent. The subsidiary is the first international branch of the Belgian steel giant which is thus gaining foothold […]