Business Headlines Maghreb Morocco

Morocco’s King Launches Construction Works of Psychiatric Hospital in Agadir; Inaugurates Landing Spot for Seafood in Imourane

King Mohammed VI launched on Friday in Agadir the construction works of a psychiatric hospital, a project, which is part of the 2020-2024 urban development program of the city, set out earlier this week by the Sovereign.   This $5.6 million project, which reflects the interest granted by the Sovereign to the health sector, will […]

Business Columns Headlines Maghreb Morocco Opinions

Morocco’s King Launches Construction Works of City of Trades & Skills in Agadir Region

King Mohammed VI on Thursday launched in the region of Agadir the construction works of a local City of trades & skills and chaired the signing of the related funding agreements. Agadir’s city of trades & skills will be built over a 15 ha area. It will cost over $ 44.5 million. The City will […]

Business Headlines Maghreb Morocco

King Mohammed VI Inaugurates Souss-Massa Innovation City

King Mohammed VI inaugurated Thursday in Agadir the Souss-Massa City of Innovation, a regional version of the Industrial Acceleration Plan, launched by the sovereign on January 28, 2018.   This new City, which required a 42 million DH investment, is meant to be a real lever for the emergence of Research & Development and a […]

Business

Agadir Enters a New Development Era

Agadir’s urban development program launched Tuesday at a ceremony held under the chairmanship of King Mohammed VI will propel the city in a new development era and consolidate its positioning as a regional economic hub.   The new 2020-2024 program, worth $622 million, is based on a participatory approach involving the various stakeholders in the […]

Business Columns Headlines Maghreb Morocco Opinions

King Mohammed VI Launches Urban Development Program to Transform Agadir into Attractive, Competitive Economic Hub

Joining word to action, King Mohammed VI supervised Tuesday the launch of an urban development program, meant to transform Agadir into an attractive and competitive economic hub.   The Monarch, who was accompanied by Crown Prince Moulay el Hassan, also presided over the signing of the framework-agreement on the urban development program of the city […]

Africa Headlines International Maghreb Morocco

Morocco’s King Grants Pardon to 201 African Inmates for Humanitarian Reasons

King Mohammed VI has granted pardon to 201 African inmates, who had been convicted by Moroccan courts for various offenses.   King Mohammed VI, Commander of the believers, granted an exceptional royal pardon to a group of 201 African inmates, condemned by the various Courts of the Kingdom, said the Ministry of Justice in a […]

Finance Headlines Maghreb Morocco

Financing of SMEs: Banks to Apply Lowest Interest Rates Ever

In implementation of King Mohammed VI’s instructions to make the banking system conducive to development and to lower the rate of interest on loans within the framework of the integrated program of support and financing of SMEs, it has been decided that the interest rate will not exceed 2%. In response to the wishes of […]

Asia Headlines International Maghreb Morocco

King Mohammed VI Orders Repatriation of Moroccan Nationals from Wuhan Province

King Mohammed VI chaired, Monday at the Royal Palace in Rabat, a working session devoted to the situation of Moroccan citizens in the Chinese province of Wuhan, quarantined by the Chinese authorities because of the coronavirus, and ordered their repatriation, said the Royal Office in a statement.   About one hundred Moroccan nationals, mainly students, […]

Finance Headlines Maghreb Morocco

Morocco’s King Spearheads Integrated Program Destined to Support & Finance Enterprises

King Mohammed VI presided, on Monday at the Royal Palace in Rabat, over a ceremony on an integrated program destined to support and finance enterprises. The ceremony was also marked by the signing of three agreements related to the program. King Mohammed VI is thus following up on the call he launched last October at […]