Business Headlines Morocco

Morocco to sell 35% stake in Marsa Maroc

The Moroccan government plans to sell 35% stake in Marsa Maroc to Groupe Tanger Med which manages the biggest port in the Mediterranean and Africa in terms of container capacity. Marsa Maroc manages container terminals at 9 Moroccan ports and is listed at the Casablanca stock exchange. The deal will inject some 5.48 billion dirhams […]

Business Europe Headlines International Morocco

Logistics: Dachser enhances presence in Morocco to meet growing demand

The Dachser group, which provides transport, warehousing and other services, has opened earlier this April a new warehouse in Morocco’s Tanger-Med port complex, the leading container port in the Mediterranean region and Africa.   The global logistics leader has decided to expand its network in Morocco due to a growing demand among its customers. The […]

Business Emerging Markets

Morocco’s Tanger Med Industrial Zone, 2nd most competitive in world ranking

Morocco’s Tanger Med Industrial Zone ranked 2nd most attractive on a Financial Times FDI Intelligence ranking. Tanger Med Industrial Zone stood out in the ranking, dubbed FDI Global Free Zones of the Year 2020, which compares the competitiveness and attractiveness of 100 platforms across the world. Tanger Med was outperformed only by Dubai Multi Commodities […]

Africa Business Headlines International Maghreb Morocco

Tanger-Med, 1st in Africa, becomes 35th container port in the world

Tanger Med port has improved its international ranking becoming the 35th container port in the world, confirming thus its competitiveness as global logistic hub. The Northern Moroccan port climbed up to the 35th world position from its former 46th standing, according to latest “Lloyd’s Listing” and “Container Management”, which publish the top 120 ports in […]

Headlines Morocco

Coronavirus: Business as usual in Tanger-Med, health control tightened

The import and export activities in Tanger-Med port continue as usual, but in view of the outbreak of the coronavirus pandemic, it has been proceeded to the tightening of health and sanitary control of professional drivers of international road transport, in accordance with the health emergency decreed in Morocco.   All the services of the […]

Africa Business Headlines International Morocco

Africa Free Zones 4th annual meeting held in Addis Ababa

The 4th annual meeting of Africa free zones was held in Addis Ababa, Ethiopia, this Tuesday under the theme “Economic Zones – Accelerator for Industrialization in Africa”. The meeting, sponsored by Africa Free Zones Organization (AFZO), was held during the “Africa Industrialization Week”, organized by the African Union Nov. 18 to 22. Over 220 delegates […]

Headlines Morocco

Morocco Foils Drug Smuggling Operations at Tanger Med & Bab Sebta

Morocco’s security services seized on Tuesday over 5.5 tons of cannabis at the Tangier Med-Port. The drugs were concealed in an international cargo truck that was heading to a European port. A statement released by the General Directorate of National Security (DGSN) said the driver, a 30-year-old Moroccan national, was arrested. The illegal substance was […]

Business Headlines Maghreb Morocco

Morocco opens Mediterranean largest container port

Morocco opened two new terminals at Tanger Med port which puts it in the top 20 largest container ports in the world and first in the Mediterranean with a handling capacity of 9 million containers. The port was opened at an official ceremony Friday chaired by Crown Prince Moulay Hassan who represented the King Mohammed […]

Asia Business Headlines International Morocco

Automotive industry: Indian Varroc Lighting Systems Opens Plant in Morocco

Varroc Lighting Systems opened Tuesday a greenfield 17,000-square meter facility in Tangier, Morocco. The facility produces headlamps, rear lamps, and daytime running lamps for current and future customers located in Morocco, Spain, and France. Speaking on this occasion, Moulay Hafid Elalamy, Minister of Industry, Investment, Trade and Digital Economy, said the opening of this plant […]

Business Headlines Morocco

Morocco competes with Spain and Portugal in Ports’ ranking – Wall Street Journal

Morocco has invested heavily in ports infrastructure to become a competitor of its European neighbors, Spain and Portugal, in port-related items in international rankings, Jaime Pérez-Seoane de Zunzunegui, regional editor for North Africa for Oxford Business Group told the Wall Street Journal. “Morocco’s ports really shine, ranking 16th globally for liner shipping connectivity, and 28th […]