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Keywords: International expansion
Hop Lun, a leading international manufacturer of lingerie and swimwear, has expanded its global operations through the acquisition of two Moroccan companies, marking a significant step in its strategic growth plan. The move establishes a new production hub in Morocco, enhancing the company’s proximity......
Shenzhen JDD Tech New Materials, a prominent Chinese manufacturer of polymer components under the Junida brand, has announced plans to establish a production facility in Morocco focused on functional protective coatings for the automotive industry. This move marks the company’s expansion beyond......
Moroccan fintech company PayTic has successfully secured a strategic funding round of $4 million as part of its Seed extension, solidifying its role in modernizing payment operations on an international scale. The funding was led by a consortium of investors, including AfricInvest, Build Ventures, Axian......
Air Arabia Maroc has announced the introduction of a direct flight route connecting Nador and Murcia, set to commence on May 3. This initiative is part of the airline's broader strategy for international expansion. The new service will operate three times each week, specifically on Mondays, Tuesdays,......
In a dazzling showcase at Casablanca's prestigious Idou Anfa Hotel, Moroccan perfume house Hadri Parfums unveiled four new signature fragrances while announcing ambitious expansion plans both domestically and internationally. The February 9th event highlighted the remarkable journey of founder Abdelrazak......
In a significant move, Network International, a leading payments solutions provider, has announced its expansion into Morocco, marking a pivotal moment in the country's digital payments landscape. This strategic initiative aims to revolutionize the way financial transactions are conducted, offering......
Marsa Maroc, a prominent Moroccan port operator, has achieved significant financial success in the first half of 2024, with revenue increasing by 17% to 2.48 billion Moroccan dirhams (about $247 million USD). This performance exceeded initial projections and was fueled by a 14.5% rise in cargo traffic,......
Maroc Telecom reported a consolidated revenue of 9.1 billion dirhams by the end of March 2024, marking a 1.2% increase. This growth is primarily attributed to rising international revenues, which partially mitigated the decline in revenues within Morocco. The positive operational and financial outcomes......
Moroccan aerospace is soaring to new heights as Canadian manufacturing company Shimco Aviation commits to expanding its presence in the North African kingdom. On Friday, Shimco signed a landmark agreement with Midparc, an industrial complex in Morocco, marking the beginning of its venture into international......