Asia Business Emerging Markets Headlines International Morocco Technology

UAE investors to build two desalination plants in Moroccan Sahara

Emirati firms Metito Utilities and Tahliya have announced in Dubai plans to build two seawater desalination plants powered with renewable energy in the Moroccan Sahara. The announcement was made Thursday on the sidelines of COP28 currently held in the UAE. It comes after the Declaration signed by King Mohammed VI and Sheikh Mohamed bin Zayed […]

Headlines Morocco

Morocco to operate 20 desalination plants by 2030

Morocco plans the setting up of 20 desalination plants by 2030 to deal with water scarcity, water minister Nizar Baraka said. The decision will help free dam water for inner regions, he told a recent panel on water in Marrakech, adding that Morocco currently operates nine desalination plants. Morocco can build on the low cost […]

Business Finance Headlines Maghreb Morocco

Morocco dedicates $320 million to address water stress in dry regions

Morocco has earmarked 320 million dollars (3 bln dirhams) to address water shortage in drought-hit areas of Souss, Moulouya, Oum Errabia and Tensift, Water and Equipment Minister Nizar Baraka said. Speaking to MPs, the minister said Morocco has 148 large dams and 135 small ones that are not enough so far to cover the increasing […]

Europe Finance Headlines International Morocco

Morocco gets €5 million loan from Spain for construction of two desalination plants

The Spanish government has approved, Tuesday, a €5 million loan to Morocco for the construction of two desalination plants in the cities of Zag and Moulay Brahim. The loan will be granted to the National Office for Electricity and Drinking Water (ONEE) through the Fund for the internationalization of the company (FIEM), according to the […]

Egypt Headlines Maghreb

Egypt earmarks $75 million for two desalination plants

The Egyptian government has earmarked $75 million for two seawater desalination plants in the Suez Canal Economic Zone. The objective, according to the General Authority of the Suez Canal Economic Zone (SCZone), is to promote economic development in the east of the country. The $75 million investment will boost the seawater desalination capacity in the […]