King Mohammed VI dedicates football complexe in salé Dec 2019

Morocco: Total Investment in Urban Development Exceeded $7.6.bln over Last Ten years

State-owned real-estate developer, Al Omrane, announced that it had spent over $7.6 billion (72.5 billion dirhams) on urban development projects in Morocco over the last ten years. Head of the board of directors of the company, Badr Kanouni, said, at a ceremony marking the tenth anniversary of the group, that 465,000 housing units were achieved […]

Morocco’s renewable energy abundance hampered by inadequate transmission grid

Morocco’s industrial ambitions face a critical bottleneck as abundant renewable energy production outpaces the national grid’s transmission capacity, Industry and Trade Minister Ryad Mezzour warned Monday at the Industry Meeting Days in Casablanca. Speaking before industrial leaders at the event’s seventh edition, Mezzour highlighted a paradox threatening Morocco’s competitive advantage: while the kingdom enjoys rare […]

EIB lends Morocco’s Credit Agricole €200 mln

The European Investment Bank offered a €200 million loan to Morocco’s Credit Agricole to support funding for agricultural f projects. The loan aims to promote bio-agriculture and support the agriculture ministry’s “Green Generation 2020,” the two banks said in a statement. The new financing will benefit agriculture supply chains including production, storage, logistics, packaging, transformation […]