Category: BUSINESS
Private sector companies sign strategic agreements on margin of higher committee for industrial partnership meeting
The meeting of the Higher Committee for Industrial Partnership for Sustainable Economic Development, held here today, saw the signing of a series of strategic agreements between member state private sector companies to enhance cooperation and investment in various sectors within the framework of the Industrial Partnership. The 1st agreement, a Memorandum of Understanding (MoU) signed
Morocco invest $1.4bn project to boost employment
The Moroccan government yesterday launched a 14 billion dinar [$1.4 billion] project to combat unemployment in the country, a government spokesman has said. Mustafa Baitas told reporters following a cabinet session in Rabat that Minister of Economic Inclusiveness, Younes Sekkouri, presented the plan to the cabinet and it aims “to address emerging challenges in the
Mitsubishi wins turbine order for Al Wahda power plant in Morocco
The plant’s turbines will have a combined capacity of 990MW – 7% of Morocco’s national grid. Mitsubishi Power, a unit of Mitsubishi Heavy Industries, has secured an order to supply two M701JAC gas turbines and auxiliary equipment for the Al Wahda open cycle gas turbine power plant in Morocco. The plant, owned by the National
Morocco poised for economic growth in 2025
A recent report from Ernst & Young forecasts a positive economic outlook for Morocco in 2025, driven by a combination of factors including declining inflation and a more stable regional landscape. The report, “Global Economic Outlook: Navigating Cross Currents in 2025,” projects a strong acceleration in the Middle East and North Africa region’s GDP growth, fuelled by
Morocco’s job market shows signs of recovery in 2024
The Moroccan economy witnessed a significant job creation rebound in 2024, according to the High Commission for Planning (HCP). Following a loss of 157,000 jobs in the previous year, the economy created an estimated 82,000 jobs in 2024. These findings were revealed in the preliminary results of the seventh General Population and Housing Census (RGPH)
UN Tourism in Morocco: Driving Investments and Celebrating Innovation in Africa’s Most-Visited Destination
RABAT, Morocco–UN Tourism has strengthened its partnership with the Kingdom of Morocco, a key ally in its mission to grow innovation across Africa and boost investments into the tourism sector of the region. In an official visit to the Kingdom, UN Tourism Secretary-General Zurab Pololikashvili celebrated its achievements in growing tourism and making the sector
Hakim Ziyech joins UAE’s Al-Nasr on a free transfer
UAE Pro League club Al-Nasr has reached a final agreement with Moroccan international Hakim Ziyech to join their squad during the current winter transfer window. According to the UAE-based newspaper Al-Bayan, the player is expected to arrive in Dubai in the coming hours to undergo a medical examination, ahead of the official announcement of the