A new assessment by the Policy Center for The New South put the material damage of Sept 8 earthquake at 3 billion dirhams ($300 million), accounting for nearly 0.2% of Morocco’s GDP. The quake which hit vast swathes in the High Atlas mountains killed 3000 people and damaged 59,674 buildings, of which 32% were destroyed […]
Hungary plans to beef up its economic ties with Morocco through investments worth $600 million in the North African country in the coming years, said Hungarian Deputy Minister for economic diplomacy, Levente Magyar. The announcement was made in a statement to the press following the 3rd Joint Economic Committee held in Rabat. The Hungarian Minister […]
Morocco launched on Wednesday an ambitious plan meant to foster industrial growth, reinforce the country’s economic resilience, and confirm its place among emerging nations. At a ceremony chaired by King Mohammed VI, Minister of Industry Moulay Hafid Elalamy presented the details of the new 2014-2020 industrial growth strategy, which represents “an evolution of emergence towards […]
