Chinese Citic Dicastal group, the largest producer of aluminum wheels in the world, launched a second factory worth €350 million in Morocco’s Kenitra, one year after opening a plant in the same area. Part of a project dubbed, Citic Dicastal Africa, the new plant stretches over a surface area of 30,000 square meters and will […]
Business
Royal Air Maroc ‘African Airline of the Year’- African Airline Association says
The African Airlines Association (AfRAA) awarded two of its prestigious awards to Morocco’s Royal Air Maroc, which was celebrated as “African Airlines of the Year.” The Moroccan flag carrier received two awards in the categories of “global operations” and “best improved results in 2018.” It is worth mentioning that RAM received this awards despite the […]
SA urged domestic arm industry firms to look for new markets over KSA, UAE refusal for inspection
South Africa has called on home defense industry corporates to reduce their dependence on Saudi, Emirati, Algerian and Omani customers as it holds up arm sales to these countries over their refusal for inspection in compliance with contract agreements, reports say. The National Conventional Arms Control Committee (NCACC), a group of ministers and deputy ministers […]
Blue Economy, Springboard for Sustainable Development in Morocco’s Southern Provinces
The prospects and huge business opportunities offered by the blue economy in Africa were at the center of the first international seafarers forum held Feb.23-24 in the Southern Moroccan city of Dakhla with the participation professional mariners from 27 African and European countries. During the event, maritime experts, seamen and representatives of civil society stressed […]
UAE Developer unveils luxury complex in Rabat, its largest project in Africa
Abu Dhabi-based urban developer IMKAN has unveiled a luxury complex in Rabat: Le Carousel. This project, IMKAN’s largest in Africa is a mixed-use complex located on the Rabat Corniche and will be completed in about 5 years. Just about 15 minutes from downtown and the motorway, this project covers about 10.5 hectares of which 50% […]
Morocco says 1 billion Euro bond sale was ‘successful’
Morocco issued on Thursday an international bond worth 1 billion Euros, the finance ministry said, noting the success of the sovereign notes sales as demand hit €5.3 billion. The bond has a maturity of 12 years and an interest rate of 1.5% as Morocco tapped the international market at a very propitious time benefiting for […]
International Fertilizer Association awards Morocco’s OCP its 2019 Gold Medal
Morocco’s phosphates and fertilizers company OCP was awarded for the second year in a row the International Fertilizer Association’s 2019 Industry Stewardship Gold Medal in recognition for the Group’s commitment to safety and sustainable development. “The OCP Group has implemented substantial efforts and resources to respect the best safety standards, based on anticipation, risk prevention […]
Morocco cleared to acquire attack helicopters worth $4.25 bln
Morocco is filling the gap in terms of offensive air capabilities with the acquisition of 36 mighty Apache helicopters and related equipment for a total cost of 4.25 billion dollars. Previously announced by the US Defense Security Cooperation Agency (DSCA) on 20 November, the deal was green lighted by the US Department of state describing […]
French Automotive Company Sealynx opens a new unit in Tangier
The French automotive company “Sealynx automotive Morocco”, a subsidiary of Sealynx International (GMD group), inaugurated, Wednesday in Tangier, a new production unit specialized in the manufacturing of automotive gaskets. The plant that required a total investment of nearly MAD 240 million aims to meet the growing demand of locally established car manufacturers, including Renault and […]
Japan’s Sumitomo Group to open electronic cable production plant in Tunisia
Japan’s industrial giant Sumitomo Group will launch next year in Tunisia a plant where it will produce cable harnesses for automobile companies in Europe. The plant to be located in Monastir industrial park (NEOPARK), will be erected by Sumitomo Electric Wiring Systems Europe (SEWS-E), the Japanese group’s European subsidiary. The future plant will require investment […]