Sanofi-Aventis pharmaceutical group has opened a state-of-art logistics hub in Casablanca, Morocco, giving a new impetus to the thriving pharmaceutical industry in the North African nation. The facility, built over a 12,000-sq/m2 zone, cost the Paris-based company an investment of 20 million euros. It will handle 1,300 products destined for local market and for export […]
Morocco and China signed the implementation agreement of the Belt and Road Initiative providing for further Chinese investments in the Kingdom. In a ceremony chaired by foreign minister Nasser Bourita and Vice President of China’s committee for reform and development (NDRC) Ning Jizhe, the two countries vowed to add momentum to bilateral cooperation. The new […]
Morocco’s central bank gave a promising outlook for Morocco’s current account balance putting emphasis on the growing exports of the automotive sector, seen at a record 20 billion dollars by 2026. Likewise, the bank expects Morocco’s phosphates and derivatives exports would settle at 10 billion dollars, while remittances from Moroccans abroad and tourism receipts would […]
