First Independent Mena Newspaper
Xlinks said it has appointed James Humphery as its new CEO to lead the Xlinks Morocco – UK Power Project, as the company grows in activity and scope. “With the anticipated growth of Xlinks’ portfolio, the Xlinks Morocco – UK Power Project, now requires a dedicated CEO as it continues to progress its mission to […]
Egypt and the United Arab Emirates (UAE) have signed a landmark $35 billion investment deal to develop Ras al-Hekma peninsula on the Mediterranean coast that, economists say, will inject $35 billion of foreign direct investment into the struggling Egyptian economy, helping it to bolster economic growth and address a hard currency crisis. The deal is […]
The U.S. Department of State and the Embassy of Morocco in Washington jointly organized a briefing on the latest developments in the Partnership for Atlantic Cooperation. The Partnership for Atlantic Cooperation was launched in September 2023, as a multilateral forum heralding a new era in regional cooperation, where Morocco stands out as a founding member […]
As the diplomatic fog dissipates in French-Moroccan ties, French economy minister Bruno Le Maire is expected to lead a business delegation to Morocco in April to promote investments. The visit would be the second by a member of Macron’s administration to Morocco after an announced visit soon of newly appointed foreign minister Stephane Séjourné. Bruno […]
EBRD’s Head for Morocco Antoine Sallé de Chou announced on Thursday at the Mohammed VI Polytechnic University (UM6P) in Salé that the European Bank for Reconstruction and Development (EBRD) has facilitated investments exceeding €400 million in Morocco’s water sector. These investments primarily address issues pertaining to water supply and demand management, Sallé de Chou told […]
Spanish aeronautical group Aciturri is expanding its presence in Morocco through a new partnership announced Wednesday. Under the new partnership, Aciturri will establish a new manufacturing facility in Midparc, a Moroccan industrial development company, with an estimated investment of $2.4 million (25 million dirhams) planned for equipment in 2024. The agreement, signed in Casablanca in […]
Spain is planning to invest 45 billion euros in Morocco by 2050 in various projects, said Spanish Prime minister Pedro Sanchez at a press conference held Wednesday in Rabat at the end of his working visit to the North African Kingdom. “Spain is a key partner for Morocco with €45 billion investment planned by 2050”, […]
The African Continental Free Trade Area (AfCFTA) agreement offers four significant opportunities to the Moroccan automotive sector, which is among the best developed on the continent, especially for its affordable inputs, finished exports, advantageous labor, and reduced customs tariffs, the 9th edition of the CFC Africa Insights report outlined. The report, titled “AfCFTA: unlocking the […]
The African Development Bank Group (AfDB) is committed to actively contribute to financing development projects in Morocco, in line with the kingdom’s social and economic priorities. The remarks were made by the special representative of the AfDB President, Yacine Fal, at a meeting in Rabat this Thursday with Morocco’s Minister of Economy and Finance, Nadia […]
Spanish Prime Minister Pedro Sanchez welcomed strengthened ties with Morocco at all levels and reiterated his country’s position in support of Morrocco’s autonomy plan for the Sahara territory. Sanchez who is making his first visit to Morocco since his re-election recalled that Spain remains consistent in its policy towards the Sahara conflict in line with […]