Morocco Israel agreements

Aeronautics: Morocco on Track to Meet Local Sourcing Goal of 35% by 2020

Morocco has a booming aeronautics industry attracting world giants from Bombardier to Boeing bringing the local sourcing rate to 29% currently with the goal of reaching 35% by 2020. The industrial clusters created to support this industry have proven their efficiency towards increasing the local sourcing rate up from 17% in 2016. Industry Minister, Moulay […]

Morocco’s BCP mulls stake sale to Asian bank

Morocco’s second largest bank, BCP, is said to be planning to allow in a major Asian bank as stakeholder in a bid to diversify its portfolio to Asia, Bloomberg reported. “The sale, which could be enacted through a cash injection, is the linchpin of a five-year strategy starting in 2021 that the Casablanca-based lender plans […]

Morocco awards contract for new Casablanca Airport Terminal

Morocco’s National Airports Office (ONDA) has awarded the construction contract for the new terminal at Casablanca Mohammed V International Airport to a fully Moroccan consortium composed of SGTM and TGCC, the public operator said. The contract, valued at 12.8 billion dirhams, represents the largest airport infrastructure project ever undertaken in the country. According to ONDA, […]