Foreign Investors Continue to Dodge Algeria

Foreign investment in Algeria plummeted to $1.2 billion in 2017, a drop of 26 per cent compared to 2016, according to the UN Conference on Trade and Development (UNCTAD). The figures show Algeria’s perceived unfriendliness among foreign investors who are expecting genuine reforms that inspire confidence instead of superficial measures. In the Doing Business Index, […]

Automotive: Canadian Magna Builds Mirrors Plant in Morocco

Magna, one of Canada’s largest automobile parts manufacturers, has launched construction works for the building of a new facility in Kenitra, Morocco, to supply global automakers with exterior and interior mirror systems. The 61,400-square-foot facility represents an investment of $11.3 million by Magna and is expected to create up to 275 jobs. Production at the […]

MEPI : Moroccan Associations Get $10 Million US Grant

Thirteen Moroccan associations benefited this year from a $10 Million grant donated by the U.S. Middle East Partnership Initiative (MEPI) program. According to MEPI regional director Manu Bhalla, the US financial assistance helps the beneficiary Associations carryout their projects seeking to create job opportunities for disabled persons, former prisoners and support entrepreneurship initiatives. For Mrs. […]