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Morocco’s Al Mada, China’s CNGR to partner in $2 bln EV battery plant

Morocco’s private investment fund Al Mada and China’s CNGR Advanced Materials said they will partner to build an electric vehicle battery plant in Jorf Lasfar worth 2 billion dollars. The two parties announced in a joint statement that construction will start this year for the plant that is planned to be operational in 2025. Local […]

Morocco to sign first green hydrogen contracts in Q4

Morocco, which has released an offer to investors, expects to sign the first preliminary contracts to produce green hydrogen in the country in the fourth quarter this year. Some 100 investors have expressed interest in Morocco’s green hydrogen potential, said Mohcen Jazouli, minister in charge of investment in an interview with Medias24. Investors will have […]

Morocco attracts Korea’s Naver AI Data Center

Data centers are burgeoning in Morocco and show no sign of slowing, especially in today’s technology-driven world. The country is becoming a popular location for hosting data centers of leading IT companies due to its geostrategic position, pro-business environment, renewable energy sources, cost-effective real estate, access to a skilled workforce and a favorable tax climate. […]