Sonatrach SPC

Morocco on track to produce drones

As part of its defense industry strategy, Morocco is on track to produce reconnaissance and combat drones in partnership with Israel, according to a parliamentary report. The two countries had signed a defense pact following the restoration of their diplomatic ties. Moroccan and Israeli top generals met on multiple occasions and Rabat had received a […]

Algeria: Africa’s 2nd largest consumer gets €50 million Renault factory

Algerian and French government officials were gathered at the western city of Oran to witness the opening of a €50 million Renault car factory in Algeria that will produce 25,000 units per year before rising to 75,000 by 2019. The plant is a joint venture and will be producing the ‘Symbol’ model; a saloon based […]

Morocco Allocates 121,000 Hectares of State Land for Youth Agricultural Projects

Morocco’s government has mobilized 121,000 hectares of state-owned agricultural land for 1,700 projects representing 24 billion dirhams in global investment and creating approximately 69,000 jobs. Prime Minister Aziz Akhannouch announced strengthened mechanisms supporting development and employment in rural and mountainous zones throughout the kingdom. Responding to parliamentary questions regarding policy toward very small and small […]