morocco-au-executive council

Morocco’s exports hit record high despite covid-19 adverse effects

Morocco’s exports have outperformed the years preceding the pandemic as the kingdom positions itself as the economic engine of the African continent and of the world. Data from the Exchange Office revealed that revenues of exports from the North African country reached MAD327 billion ($34 billion) in 2021, accounting for an increase of 23.4 per […]

Over 37 bln DH Allocated to Morocco’s Human Development Initiative

As it celebrates its 13th anniversary, the Moroccan human development initiative (INDH) has earmarked 37 billion dirhams to projects across the kingdom benefiting 10.4 million people. The initiative, spearheaded by King Mohammed VI, funded projects including 9359 revenue generating activities in an effort to enhance the living conditions of the poor and promote economic and […]

American CVG to open plant in Morocco, gateway for European market

Morocco has attracted a new American investor, CVG, a global supplier of electrical systems, which will open a facility in Tangier in the third quarter of 2023. In a recent press release, the U.S. group said it will also open another facility in Aldama, Mexico. Both locations are expected to employ approximately 1,000 new employees […]