Skip to content Skip to Search
Skip navigation

Morocco

Stuart Deeson is the new VP of operations for the Middle East and Africa at Hyatt Hotels

‘Constantly evolving’ Mena key to Hyatt growth plan, says new VP

Hyatt Hotels, the US-based hospitality giant, is placing emphasis on the Middle East and Africa for its global growth strategy. Stuart Deeson, newly appointed vice president of operations for the region at Hyatt, told AGBI that Saudi Arabia in particular was witnessing a “significant point in history”. He also believes Qatar, Kuwait and Morocco offer […]

Morocco fans celebrate a World Cup win over Belgium at Souq Waqif in Doha, Qatar, on November 27, 2022. Trade talks between the two governments began the same month

Morocco edges closer to free trade deal with Qatar

Morocco looks likely to benefit from Qatar’s booming energy revenues as the two countries move closer to a free trade deal, a Mena economist has said. Government ministers concluded a second round of negotiations in Doha on January 22 to 23, building on the opening discussions that took place in Rabat last November. Qatar recorded […]

Morocco

Four Seasons reveals new hotel as Morocco’s tourism sector recovers

Four Seasons Hotels and Resorts has announced plans to transform a former military hospital in Rabat as Morocco’s tourism revenues continue to recover from the impact of the coronavirus pandemic. The luxury hospitality company is partnering with Atlantic Coast Hospitality, a subsidiary of Abu Dhabi-based real estate development firm Q Holding, to create Four Seasons […]

Eco Egypt

Gulf in sustainable tourism push as legislation looms

When the first tourists arrive to experience the Red Sea Global sustainable tourism destination in Saudi Arabia later this year, they will touch down at an airport run entirely by renewable energy and designed to include shaded areas and natural ventilation that minimises reliance on air conditioning. They will continue their journey to a resort […]

OCP, Morocco's state-owned fertiliser producer, runs a mine and factory at Boucraa, site of one of the largest phosphate deposits in the world

Export deal with India tipped to boost Morocco’s fertiliser industry

Morocco is set to sign a long-term agreement with India to export rock phosphate, a key ingredient in fertiliser. The North African country is already one of the largest producers of phosphates and fertilisers, but the India deal is expected to lead to other agreements with governments around the world, according to an industry analyst. […]

Morocco's National Office of Railways (ONCF) runs the Al-Boraq bullet train

Morocco looking for private partners to fund $38bn rail plans

Morocco’s ambitious plans to connect the country through a high-speed national rail link requires “innovative financing solutions based on public-private partnerships”, says Mohamed Abdeljalil, minister of transport and logistics. The Morocco Rail Plan, led by the National Railways Office (ONCF), is estimated to cost 400 billion dinars ($38.1 billion), according to the Moroccan News Agency. […]

Factory, Building, Architecture

Japan to invest $187m in Moroccan automotive industry

Japanese group Sumitomo is to invest MAD1.965 billion ($187 million) in nine industrial projects across Morocco to boost the North African country’s automotive ecosystem. Regions set to benefit from the investment in the manufacturing of wiring and components include Rabat-Salé-Kenitra, Tangier-Tetouan-Al Hoceima and Casablanca-Settat. Some 16,000 jobs are expected to be created by 2028. Morocco […]

Morocco food

Abu Dhabi’s Dana turns focus on Moroccan agtech solutions

Dana Global, a desert tech venture builder and investment platform based in Abu Dhabi, is partnering with Agadir Horticultural Complex to help transform agriculture in Morocco. The Agadir region forms the heart of Morocco’s agricultural industry and provides 9 percent of national GDP while processing 90 percent of the country’s fresh produce market. The region […]

Food security

$5.5m initiative for food security in Mediterranean countries

A new $5.5 million package of technical assistance to improve food security in Tunisia, Egypt, Jordan, Lebanon, Morocco and the West Bank and Gaza has been agreed by the European Bank for Reconstruction and Development and the Food and Agriculture Organisation of the United Nations. The joint initiative, which will be launched in January, is […]

Morocco mulls hydrogen energy deal with Asia’s richest man

Morocco is ramping up plans to become a major producer and exporter of green hydrogen, and the investment deals reportedly on the table include with Indian billionaire Gautam Adani.  Named as Asia’s richest person, Adani is the chairman and founder of Adani Group, a multinational conglomerate with interests spanning the port development, industrial, logistics, and […]

Morocco solar

Morocco targets 30% drop in energy costs via renewables boost

Morocco’s government has announced plans to reduce energy costs for factories by 20-30 percent through a combined strategy of investing in renewable energy and the decarbonisation of industries.  “The government is working on delivering clean electricity to all manufacturers at a lower cost compared to what they are paying now,” Morocco’s minister of industry and […]

UK launches £4bn finance support to boost trade with Morocco

Moroccan importers can access up to £4 billion ($4.85 billion) in trade finance to help buy goods and services from the United Kingdom, British officials announced this week.  To be eligible for support from UK Export Finance (UKEF) at least 20 percent of the overall contract value for a project must be sourced from British […]

An Iran fan in the Khalifa stadium, Doha, ahead of her team's opening World Cup match against England on November 21. A marine link from Bushehr, southern Iran, to Qatar has opened for the tournament

Qatar scores, with vital assists from Iran, Turkey and the UAE

Alongside the massive investment and the 12 years of preparation, Qatar has called in more than a few favours to aid the smooth running of the World Cup. While its allies have proved keen to help, Doha has had to tiptoe carefully around the geopolitical faultlines that run through the Gulf. Turkey has sent more […]

Fertilisers

Morocco aims to become the world’s premier fertiliser producer

Russia’s invasion of Ukraine has upset the global agricultural industry in more ways than one – but for Morocco, one of the world’s largest fertiliser producers, it has presented an opportunity. Not only were Russia and Ukraine some of the world’s most important wheat and grain exporters, but they also played a central role in […]

Boat, Transportation, Vehicle

‘Encouraging’ signs for UK firm’s $206m Moroccan gas deal

British firm Sound Energy has announced that it is extending negotiations with Morocco’s largest bank over a $206 million deal for the Grand Tendrara and Anoual exploration permits. The London-headquartered company, which has a wholly owned subsidiary in Morocco, has until December 15 this year to agree terms of a financing agreement with Attijariwafa Bank. […]

Morocco shores up finances by choosing IMF deal over bonds

Morocco has not issued an international bond this year due to market volatility and higher interest rates, opting instead for an International Monetary Fund (IMF) credit line to shore up public finances, the finance minister said on Tuesday. Last time Morocco issued an international bond was in 2020 when it raised $3 billion. “This year […]

Liquor, Alcohol, Beverage

UK drinks firms raise glass to Morocco and Tunisia trade deal

British drinks companies have raised a glass after the UK removed trade barriers that deterred alcohol sales to Morocco and Tunisia. The changes in the countries, which extends to Argentina and Angola as well, will help the UK’s products to reach millions of new potential customers and boost alcohol exports, which reached £6.5 billion last […]

Morocco's decline in the agriculture sector has hit its economy hard

Morocco’s economic growth slows as agriculture slumps

Morocco’s economic growth is projected at 1.8 percent in the third quarter of 2022, compared to 2 percent in the previous year, Morocco World News has reported, citing the country’s Higher Commission for Planning. The agriculture sector’s contribution fell by 15.2 percent and is expected to decrease further by almost 16 percent at the end of 2022, […]

Morocco renewables

Answer to UK’s energy needs is blowing in the Moroccan wind

The UK is working with Morocco on an £18 billion ($20bn) plan to build vast solar panel and wind farms in the desert that could power more than seven million British homes by 2030. It will also deliver electricity at about half the rate of that produced by nuclear power plants. With the world in […]

Cow, Cattle, Mammal

Moroccan group to buy half of Spanish animal nutrition firm

Morocco’s fertiliser producer OCP Group has signed an agreement to purchase a 50 percent stake in GlobalFeed SL from Spain’s Fertinagro Biotech, the company said in a statement. The acquisition is part of OCP’s global growth strategy in the animal nutrition market. GlobalFeed’s operations focus on animal nutrition solutions, manufacturing, and distribution of products such […]