First Independent Mena Newspaper
King Mohammed VI who is following up with keen interest the evolution of the booming automotive industry in Morocco was briefed Thursday on the extension project of the Moroccan Society of Automotive Construction (SOMACA), which is planning to double its production capacity by 2022. The plan was unveiled by Minister of Industry, Investment, Trade and […]
The region of Laayoune-Sakia El Hamra in Morocco’s Sahara will receive 17.8 billion dirhams in public investments in 2018, out of a total 57.65 billion dirhams allocated at the national level. The Sahara region ranks first among the other 11 Moroccan regions with 30% of overall investment budget in 2018. After Laayoune, comes the […]
German Group thyssenkrupp Aerospace will open a processing and logistics center in Casablanca before the end of the year, confirming the momentum of Morocco’s aerospace industry which continues to attract foreign investors. Mr. Patrick Marous, CEO thyssenkrupp Aerospace, said the Casablanca site will enable thyssenkrupp to supply its local customers with the required materials and […]
Morocco’s exports to Spain increased by 6.7% in the first seven months of 2018 compared with the same period last year, the EU statistics office said. Morocco’s imports from Spain grew by 7.8% while its imports from the EU followed a similar rising trend at 7.1 percent, the source said. Morocco’s exports to Spain consisted […]
The Marrakech airshow has become an annual event to showcase the progress achieved by Morocco’s aeronautical industry which is expected to grow by 20% in the next five years. Speaking to the press at a conference dedicated to the event, held this October 24-27, Minister for Industry, Investment, Trade and the Digital Economy Moulay Hafid […]
The 2019 appropriation bill prepared by the Moroccan government and submitted for the approval of the parliament increases spending on social services, the reduction of social and spatial disparities as well as the promotion of enterprises. To that end, the government planned to spend an additional 7 billion dirhams as the budget dedicated to education […]
Moroccan OCP Group, the world’s largest exporter of phosphates and a leading global phosphate plant nutrition player, and Fertinagro Biotech S.L., a Spanish company which manufactures and supplies a wide range of plant nutrition solutions, have completed the acquisition by OCP, through one of its subsidiaries, of 20% of Fertinagro’s shares by way of a […]
The Moroccan government will support young entrepreneurs by canceling their debts owed to the State provided the overall or the remaining amount is less than $5000. The move was unveiled on Monday by Economy and Finance Minister Mohamed Benchaaboun while presenting the 2019 draft finance bill to the Parliament. It seeks to help young entrepreneurs […]
The French Alten Group, specializing in engineering and technology consulting, inaugurated a center dedicated to automotive engineering in Rabat last week. This new phase of its development in Morocco will include two training programs and professional integration. After the opening of the “Automotive and Aeronautical Embedded Systems” branch in Fez in May 2017, the Alten […]
The European Union has agreed to increase its financial support to Morocco to €140 million, as proposed by Spain. The decision was made during the EU Summit of Heads of State and Government held on Wednesday and Thursday. The EU will contribute at least €140 million from EU funds’ to Morocco for the management of […]