Morocco

23 Sep

Posted at 22:23h in Morocco

"There is a tremendous momentum for tourism investments in Morocco, with many investment opportunities to seize across the entire value chain. We're focusing on accommodation expansion, aiming to add 40,000 new beds by 2026. In 2023 alone, we've added 135 new units and are actively partnering with investors to accelerate this growth."...

26 Jul

Posted at 07:03h in Morocco

  Morocco has put in place the "Morocco's Offer" initiative in a bid to improve national competitiveness. Could you explain the underlying objectives of “Morocco's Offer?" The publication of the circular “Morocco Offer" for green hydrogen is part of the implementation of the royal vision. Morocco aims to strategically position itself in this new sector with high potential and this circular contains all the elements to promote the attraction of numerous investments while securing the interests of the Moroccan state. It represents...

26 Jul

Posted at 06:50h in Morocco

  How important is the industrial sector to Morocco's development? What are the main industries present in Morocco and could you give us some key figures to illustrate the share of the secondary sector in the Moroccan economy? The industrial sector represents around 15% of our country's GDP and comprises essentially six or seven sectors. The first and most important sector today is the automotive industry, which weighs in at around US$ 13-14 billion in exports. Interestingly, this sector hardly existed...

26 Jul

Posted at 06:40h in Morocco

  Morocco has placed renewables as a key focus in its national development plan. How would you summarize the potential of Morocco as a producer and exporter of renewable energy? The share of renewables has reached 42% of installed capacity in 2022. We are on a very good track to be beyond the 2030 target of 52% of our installed capacity. These 15 years of experience we have gained between 2009 and 2024 in developing  relatively large scale projects in renewable energy...

25 Jul

Posted at 15:47h in Morocco

"The African Union has decided that 60% of the medicines and vaccines consumed in Africa, will have to be manufactured in Africa by 2040. Today, only 1% of the continental needs are manufactured in Africa. With this in mind, we are positioning ourselves as one of the leaders in meeting this ambition."...