King Salman of Saudi Arabia Calls King Mohammed VI

Morocco’s King Mohammed VI received a phone call from Saudi King Salman during which the brotherly ties between the two countries were highlighted, the Saudi news Agency SPA said. The conversation touched on the “excellent” relations between Morocco and Saudi Arabia and the “brotherly ties” between their peoples. The Saudi news agency said that the […]

Automotive: Spanish Gestamp to Build Plant in Morocco

The Madrid-based company Gestamp, which specializes in the design, development and manufacture of highly engineered metal components for the automotive industry, has unveiled plans to build a plant in the Moroccan town of Kenitra, located around 40 km away from Rabat, next to the plant that PSA is building in the town. The facility is […]

Morocco’s OCP more than triples profit, doubles revenue

Morocco’s phosphates and fertilizers producer OCP posted an all-time-high profit of 1.6 billion dirhams in 2021, up 272% as the company benefits from the surge in prices of phosphates and derivatives and the high demand on fertilizers. OCP’s total earnings nearly doubled to 84.3 billion dirhams the same year, a boon to public finances hit […]