Skip to content Skip to Search
Skip navigation

Morocco to invest $1bn in public transport

Passengers board a bus in central Marrakech, Morocco. Aside from new buses, the government will also upgrade related infrastructure Alamy via Reuters
Passengers board a bus in central Marrakech, Morocco. Aside from new buses, the government will also upgrade related infrastructure
  • 3,500 buses for 32 cities by 2029
  • Rail network being upgraded
  • GDP growth shows steady rise

Morocco is to invest $1.1 billion to enhance its public transport network in the latest move to improve the North African country’s infrastructure.

The plan, announced by the Ministry of Interior and will be centred around the provision of 3,500 new buses by 2029, which will operated in 32 cities.

Interior minister Abdelouafi Laftit said that in addition, infrastructure and urban management systems will be modernised.

The cost of the project will be met by the ministry and local authorities, he added.

In March, Morocco issued a tender for a high-speed rail link as part of its $37 billion strategy to connect more of its cities, ports and airports by train.

It aims to create 300,000 jobs by 2040. It is hoped that 87 percent of the population will have access to rail transport by then, compared to just over 50 percent today.

The World Bank predicts that GDP growth in Morocco will reach 3.1 percent this year, 3.3 percent in 2025 and 3.5 percent in 2026 as domestic demand gradually recovers from shocks such as the earthquake in September 2023

Foreign direct investment inflows “remain strong and increasingly directed towards the manufacturing sector”, it said.

Latest articles

Shoppers choose vegetables in Istanbul; inflation means people are spending on essentials

Turkish retailers’ confidence wavers as inflation bites

Confidence is falling among Turkish retailers, according to a survey from the country’s statistics agency Turkstat. Shoppers have been scaling back on big-ticket purchases, spending instead on basic consumer goods as inflation piles pressure on household incomes. May’s business confidence report, released by Turkstat on June 24, showed sentiment in the retail sector at its […]

Water is handed out to pilgrims in Mecca. Hundreds of pilgrims without a Hajj permit died during extreme heat last week

Egypt shuts down 16 travel companies after Hajj tragedy

Egypt has withdrawn the operating licences of 16 travel companies for organising unlicensed Hajj trips to Saudi Arabia. A statement from the Egyptian government said the companies would be prosecuted and fined, with the funds used to compensate pilgrims’ families for their loss.  Hundreds of Egyptians were among 1,301 people who died of exposure to […]

A floating production unit in Israel's Karish gas field in the eastern Mediterranean. Carlyle is creating a new oil and gas company to manage the field

New Carlyle entity to manage East Med gas projects

Carlyle, the Nasdaq-listed private equity company, is creating a new oil and gas company to manage recently-acquired assets in the Mediterranean hydrocarbons market. The new as yet un-named entity will be led by former BP CEO Tony Hayward and will manage a portfolio of gas-weighted exploration and production assets in Italy, Egypt and Croatia, according […]

Spinneys plans to open another 12 stores in Saudi Arabia by 2028

Spinneys opens first Saudi supermarket in Riyadh

Spinneys has opened its first supermarket in Saudi Arabia and is planning a further 12 stores in the country by 2028. The UAE supermarket operator listed on the Dubai Financial Market last month and raised AED1.38 billion ($375.7 million) from its initial public offering, which was oversubscribed almost 64 times. The first Spinneys in Saudi […]