Category: BUSINESS
Nokia Partners with Morocco’s Ministry Digital Morocco 2030
Nokia Partners with Morocco’s Ministry to Bolster Digital Morocco 2030 Nokia and the Kingdom of Morocco’s Ministry of Digital Transition and Administration Reform have signed a Memorandum of Understanding (MoU) to advance Morocco’s Digital Morocco 2030 strategy. The agreement, endorsed by Minister Amal El Fallah Seghrouchni and Pierre Chaume, Nokia’s Vice President for North, West,
Morocco-Korea cooperation essential bridge for global trade, says minister
South Korea and Morocco have steadily showed strength despite global trade uncertainties and will emerge even stronger together, said Moroccan Minister of Industry and Trade Ryad Mezzour in an interview with The Korea Herald on April 9. During his visit to Seoul, Mezzour met his South Korean counterpart Ahn Duk-geun to boost industrial cooperation and
Morocco launches rare €2 billion in Euro Bonds to fund World Cup 2030 infrastructure
Morocco hopes that the large-scale infrastructure projects will create jobs and attract tourism, with the long-term benefits outweighing the cost of borrowing. Morocco has made a significant return to the international bond market, raising €2 billion in its largest Eurobond sale since 2020. The funds will help finance an ambitious infrastructure drive ahead of the 2030 FIFA
Morocco Strategic and Targeted Reforms Can Strengthen Morocco’s Business Landscape
The report underscores that with strategic reforms and a commitment to modernization, Morocco has the potential to significantly enhance its business environment, fostering economic growth and creating a more inclusive job market The Moroccan economy demonstrated resilience and positive trends in 2024 despite facing significant challenges. Recent rainfall has alleviated drought conditions, contributing to a
From Morocco to Sweden: How Green Hydrogen is Redefining Clean Energy and Steel
Morocco’s Green Hydrogen Vision Morocco is stepping into the global spotlight with its ambitious green hydrogen projects, recently approved with a staggering investment of $32.5 billion. The government has partnered with six national and international companies to develop projects that will produce green ammonia, industrial fuels, and steel. These initiatives are making headlines as they signal
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)