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Keywords: Expansion
Standard Chartered Plc is contemplating a strategic expansion into Morocco as part of its growth initiative across key African markets. This move aligns with the London-based bank's broader objective to enhance its wealth management and transaction banking services throughout the continent. Chris......
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,......
The Moroccan government has unveiled a bold initiative to increase the capacity of its airports from 30 million to 80 million passengers by 2030, as announced by Minister of Transport and Logistics Abdessamad Kayouh. This strategic plan is part of the “Airports 2030” initiative led by the......
The Office National des Chemins de Fer (ONCF) has awarded two construction contracts to the Italian company Generale Costruzioni Ferroviarie (GCF) for the extension of the high-speed rail line connecting Tangier and Kenitra to Marrakech. GCF will lead a consortium that includes its subsidiaries Transalpes......
The Danish home furnishings chain JYSK has chosen Morocco, specifically Casablanca, as the location for its inaugural store on the African continent. The company announced the simultaneous opening of two stores in the economic capital, as highlighted in a press release received by La Relève.......
French company Alstom has announced its commitment to provide Morocco with approximately 18 high-speed trains of the "Avelia Horizon" model, as part of the kingdom's railway network expansion. In a statement released recently, Alstom, a global leader in sustainable smart transport, confirmed......
Granal, a key player in the quarrying industry and a subsidiary of Africorp Mining, is advancing its development with the entry of Red Med Private Equity (RMPE) into its capital. This strategic partnership sees the investment of RMPE's Colombus 1 fund, acquiring a 20% stake in Granal. This move will......
Sonasid, Morocco’s leading steel manufacturer, has announced a remarkable net profit of MAD 151 million ($15.1 million) for the fiscal year 2024, representing a substantial 91% increase compared to the previous year. This impressive performance marks the best results the company has achieved since......
Morocco's National Airports Office (ONDA) announces leadership changes at Nador El Aroui and Agadir Al Massira airports as part of its ambitious “Airports 2030” strategy. The new appointments aim to strengthen management and efficiency at these vital transport hubs. Adel El Fakir, ONDA......