September 26, The European Bank for Reconstruction and Development (EBRD) forecasts a 2.9% growth for Morocco's economy in 2024, fueled by robust activity in the manufacturing and tourism sectors.
September 21, Morocco is experiencing a notable rise in foreign direct investment (FDI) in 2024, as evidenced by recent data from the Moroccan Foreign Exchange Office. Net FDI inflows for the first seven months of the year exceeded 13.06 billion dirhams (approximately $1.34 billion), reflecting a substantial increase of 46.8% compared to the same period in 2023.
September 12, The Moroccan government approved a decree to expand the “Tangier Automotive City” (TAC) in the export Free Zone. The expansion will increase the area of the current zone from 517 hectares to 1,185 hectares, nearly doubling its size to accommodate growing investor interest in the region.
September 12, Morocco has recently surpassed China to become the European Union’s top automotive trading partner, marking a significant development in the country’s industrial growth. With automotive exports to the EU valued at €15.1 billion in 2023, Morocco edged out China, whose exports reached €13.6 billion.
September 11, Morocco has moved up one spot to become the third most attractive country for trade in Africa, according to a recent report by Bloom Consulting. The country now trails only South Africa, which holds the top position, and Nigeria, which ranks second.