First Independent Mena Newspaper
French train manufacturer Alstom has won a €130 Mln contract awarded by Moroccan National Railway Operator ONCF for the purchase of 30 electric Prima locomotives. The ONCF had launched in March 2017 an international tender for this project. Alstom pledges to ensure service and maintenance of the 30 Prima M4 locomotives after their delivery. The […]
The Madrid-based company Gestamp, which specializes in the design, development and manufacture of highly engineered metal components for the automotive industry, has unveiled plans to build a plant in the Moroccan town of Kenitra, located around 40 km away from Rabat, next to the plant that PSA is building in the town. The facility is […]
Algeria was ranked among the ten worst performing countries in the 2018 Economic Freedom Index, established by The Heritage Foundation, an American public policy think tank based in Washington, DC. Algeria scored 44.7/100 taking the 172 place in a ranking of 186 countries. Algeria came ahead of only 8 countries, some of them happened to […]
French aircraft and service maker, Daher, has opened its new plant in Tangier, expanding its production operations in the North African nation. The new site strengthens the company’s position in Morocco as an aircraft manufacturer, equipment supplier and service provider. It follows a first site in Tangier in 2001 and a second in Casablanca in […]
German conglomerate and largest industrial manufacturing company in Europe, Siemens, has categorically rejected the blackmail orchestrated by the Algeria-backed Polisario to slur the group’s investments in the Moroccan Sahara, saying that its investment policy in the region will be maintained. The Polisario and its mentors, which sustained serious political and diplomatic setbacks in the UN, […]
After Bosch, Huawei, 3M et Decathlon, Emirates Logistics Group has teamed up with Adidas AG, the German sports clothing manufacturer, to open a 13,000 m3 logistics hub in Morocco’s Northern Tanger Med port. The warehousing and distribution center will handle around 5 million Adidas products destined for North and West Africa markets. For Abdelkader Amara, […]
As it seeks to diversify its tourist emitting markets, Morocco sees enormous opportunities in the Chinese market, which has 130 million tourists traveling abroad annually and spending generously. Morocco has therefore taken a series of incentives to attract 500,000 Chinese tourists by 2020 up from 10,000 in 2015. Soon after the visa exemption decision was […]
With 10 million tourists in 2016, Morocco is progressing steadily towards the goal of becoming one of the world’s 20 largest tourist markets, Research and Markets said in a recent report. The report, dubbed “Destination Market Insights: Morocco – Analysis of source markets, infrastructure and attractions, risks and opportunities”, highlights Morocco’s tourist potential and its […]
FDIs attracted by Morocco rose by 15.4% in 2017 to stand at 24.4 billion dirhams ($2.4 billion) compared to 21.2 billion in 2016, Morocco’s foreign exchange regulator, Office des Changes said. In a recent report, the office noted that remittances by Moroccans living abroad increased 4.5% to hit 65.4 billion dirhams in 2017. The Office […]
The German group Prettl specializing in the manufacture of auto parts announced earlier this week the construction of a new industrial site in the ”Automotive City” in Tangier, for an €8 million investment. According to data presented during the groundbreaking ceremony for the new plant, the unit will have an overall production capacity of up […]