lahcen_daoudi_pjd_Minister

Volkswagen Group Africa delivers strong export growth in 2024, eyes expansion plans in 2025

Volkswagen Group Africa (VWGA) is celebrating a significant achievement in 2024, setting a new export record with 131,485 vehicles shipped, marking a 21% increase over the previous record of 108,422 vehicles in 2019. This milestone highlights the company’s strengthened global presence, with its plant in Kariega, South Africa, being the sole exporter of Polo models […]

Egypt to set up yacht manufacturing company as part of yacht tourism promotion

Egyptian Prime Minister Mostafa Madbouly approved permitting the Suez Canal Authority (SCA) to co-establish Suez Canal for Modern Boats, State-run journal indicated Thursday December 7. Per the State-run media, the future company will manufacture, maintain, and export yachts and maritime units. The Suez Canal for Modern Boats will have a value of $5.1 million. It […]

S&P Expects Morocco’s Economy to Grow By 4.1% in 2020-2021

The international ratings agency Standards & Poor’s expects Moroccan economy to grow by 4.1 pc in 2020-2021, after decelerating to about 3.2 pc in 2019. The expanding automotive and tourism sectors, coupled with increased demand for phosphates and derivatives, will stimulate the long-term performance and somewhat reduce the reliance on cyclical sectors, notably agriculture, says […]