Morocco’s national railway operator, ONCF, has strengthened its industrial partnership with South Korea’s Hyundai Rotem company. The two partners signed on Thursday a $487 million railway maintenance deal, building on a major rolling-stock contract sealed last year between the two parties. Under the agreement, Hyundai Rotem and ONCF have agreed to set up a joint […]
The ministerial council chaired by King Mohammed VI has approved a draft budget that aims at fostering the pillars of the welfare state by focusing on the generalization of social protection, upgrading the education system, improving access to social housing and protecting vulnerable groups. The draft budget expects a growth rate of 4% and a […]
The Bombardier factory in Morocco has been sold to US Spirit AeroSystems, along with the Canadian firm’s factories in North Ireland and a repair facility in Dallas, USA. The final agreement to sell Bombardier’s Aerostructures Business to Spirit AeroSystems Holding, Inc. was confirmed Wednesday by the Canadian group, which took a strategic decision to focus […]
