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Morocco allocates $4.5 billion to create a strategic investment fund

Financing large infrastructure projects through public-private agreements and strengthening the capital of companies with equity needs, thus contributing to their development and job creation, will be the main objectives for the Strategic Investment Fund that Morocco has launched. On Tuesday, the Moroccan Minister of Economy, Finance and Reforms, Mohamed Benchaaboun, …

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Not wearing a mask is a criminal offense in Morocco

Wearing a mask and social distancing are now mandatory, or face a fine. The bill imposing them, supplementing Legislative Decree No. 2.20.292, was unanimously adopted by the Moroccan parliament. Failure to comply with barrier gestures, which recently blew up contamination counters, will henceforth be punished by a fine ranging from …

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OCP celebrates its century of existence

The “Office Chérifien des Phosphates” (OCP) group celebrated its 100th anniversary on Friday, the opportunity to look back on the key moments in its history and to celebrate all those who have marked it, announces the group in a press release. A hundred years ago, in fact, the OCP was …

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Morocco aims to build 50 dams by 2050

The Moroccan government plans to build 50 water reservoirs by 2050 to secure the water supply for its population. This plan is envisaged at a time when the government wxants to rationalise water consumption in the agricultural sector. At a time when the rationalisation of water consumption in the agricultural …

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Morocco strengthens its military industry

The Kingdom has acquired a new legal arsenal, through a legal framework finalized and published in the Official Bulletin (adopted by the Council of Ministers and the two Chambers), relating to development, renewal, maintenance, rehabilitation and protection of its military industry (materials, defense and security equipment, arms and ammunition). This …

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Government of Lebanon thanks Morocco

The Lebanese government has expressed its deep gratitude and esteem for the generous initiative of King Mohammed VI in ordering the dispatch of urgent medical and humanitarian aid after the explosion that rocked the port of Beirut. “I express, on behalf of the Lebanese government, our deep gratitude and our …

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Morocco sends humanitarian and medical aid to Lebanon

King Mohammed VI has ordered humanitarian aid to be sent to Lebanon to help the country cope with the difficult situation resulting from the deadly explosions that rocked the port of Beirut, leaving several dead and injured. According to the Moroccan embassy in Lebanon, and in accordance with royal instructions, …

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