Businesses from Saudi Arabia and Morocco are considering the establishment of a joint investment fund aimed at financing projects in both countries. A delegation of 30 prominent Saudi companies met with their Moroccan counterparts in Rabat this week to discuss this proposal. The Saudi delegation’s visit coincided with Morocco’s extensive preparations for co-hosting the 2030...
Azerbaijan is joining Saudi Arabia, the UAE, Egypt, Morocco, Kenya, Rwanda, and Tanzania in significantly boosting the Middle East and Africa tourism sector in 2025. These eight countries are all experiencing surging visitor arrivals, increased travel spending, and strong government-led tourism investments. Their combined growth is driving a regional tourism boom characterized by cultural appeal,...
A UAE-Morocco alliance has finalized deals for energy and water infrastructure projects valued at over $14 billion, as stated in an announcement made on Monday. This significant investment aims to enhance both water security and energy independence in Morocco. The agreements were signed between the Moroccan state-owned National Office of Electricity and Drinking Water (ONEE),...
Morocco is set to construct a new civilian airport in the North-western Atlantic port city of Casablanca as part of an extensive national logistics expansion program. This announcement was made by the Arab country’s Transport Minister, Abdul Samad Qayuh. The projected cost for the new airport is nearly 28 billion Moroccan dirhams, which is equivalent...
Dubai Chambers recently welcomed a high-level delegation from the General Confederation of Moroccan Enterprises (CGEM) to discuss potential cooperation between the two entities. This meeting highlights the commitment of both organizations to strengthen business ties and enhance economic collaboration. During the discussions, key areas of focus included trade, investment opportunities, and ways to support businesses...
The inaugural UAE-Morocco Business Council was officially launched in Sharjah, marking a significant step in strengthening economic ties between the two nations. Abdullah Sultan Al Owais, who serves as the Vice Chairman of the Federation of UAE Chambers of Commerce and Industry and Chairman of the Sharjah Chamber of Commerce and Industry (SCCI), proudly welcomed...
Morocco is set to invite bids for a significant energy storage facility that will have a capacity of nearly 1 600 megawatts (MW). This initiative is part of a long-term program aimed at expanding renewable energy sources within the national power network, as reported by a local newspaper. According to Zawya, the new facility will...
Maroc Telecom, which is controlled by the UAE, and its domestic competitor Inwi, owned by Morocco’s royal family, have reached an agreement to settle a long-standing dispute. This resolution includes plans for two joint ventures aimed at expanding and upgrading telecommunications networks across Morocco. This breakthrough is significant for Maroc Telecom, allowing it to reduce...
COBCO, a battery materials joint venture formed by AL MADA and CNGR Advanced Materials, has entered into a strategic long-term supply agreement with Umicore, a global leader in circular materials technology. This agreement focuses on the delivery of precursor cathode active materials (pCAM) for electric vehicle (EV) batteries. As part of the agreement, COBCO will...
Morocco is set to construct a significant seawater desalination plant along its Northern Mediterranean coastline, aimed at enhancing drinking water supplies in the region. This initiative, reported by a local newspaper, highlights the ongoing efforts to address water scarcity issues in the area. The desalination facility, located in the port city of Tangier, is designed...