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Moroccan Consortium Wins $1 Bln Bid for New Terminal at Mohammed V International Airport

The consortium composed of Moroccan construction companies SGTM and TGCC has won the $1 billion contract to build a new terminal at Mohammed V International Airport in Casablanca, according to press reports. The new terminal, to be built over 600,000 m², is expected to boost the airport’s capacity to over 30 million passengers annually, becoming […]

OCP Gleans $ 1.5 billion to Finance Large-Scale Investment Programs

L’Office Chérifien des Phosphates (OCP,) the Moroccan State-owned phosphates company, said last week it raised $ 1.55 billion in the first international bond issue having a solid emitter notation organized by an African company outside South Africa. OCP thus sold 10-year bonds to yield 5.625 percent for $1.25 billion and $300 million worth bonds that […]

France Renews Support for Morocco’s Autonomy Initiative

France has renewed support for Morocco’s autonomy initiative as a final peaceful solution to the Sahara dispute, said a joint statement issued at the end of the 13th Moroccan-French High-level Meeting. The document reiterated that Morocco’s autonomy proposal represents a “serious and credible solution” and a basis to reach a just, lasting and mutually acceptable […]