Launch of work on the largest tower in Casablanca

The City of Casablanca will write a new page in its urban history, with the launch of construction work on the “M Tower” tower, in the area of ​​the “Casa Anfa” financial center. A new architectural icon in the heart of the economic capital. The “Mfadel” and “Red Med Real Estate” groups are supervising the execution of this project, Al Ahdath Al Maghribia reported on Thursday, December 5. This project represents a qualitative leap in the world of real estate in the Kingdom, by redefining the standards of modern office spaces in Casablanca. The tower, which rises to 131 meters and has 32 floors, benefits from a strategic location on the Boulevard de l’Aérospatiale, bordered by a magnificent natural landscape and a 1,500-space car park… More

Morocco has one of the “most stable” financial sectors in Africa

Morocco has one of the most stable financial sectors in Africa, with a regulatory framework that meets international standards, said the regional representative for the Maghreb of the International Finance Corporation (IFC), David Tinel. “The strong macroeconomic fundamentals have helped overcome previous liquidity shortages,” Tinel noted, on the occasion of the Africa Financial Summit (AFIS-2024) to be held on December 9 and 10 in Casablanca. He noted that the banking landscape is competitive, with its 24 banks, including five with majority foreign capital and five participatory banks, institutions that comply with Sharia law… More

A new shopping center will open in the Casablanca region

Strapex Maroc is about to take a major new step with the upcoming inauguration of a commercial and logistics center of more than 60,000 m², located on Mohammed VI Boulevard, in the province of Mediouna-Casablanca. This future space, dedicated to household items, lifestyle and various sectors, aims to become a key player in supply and trade in the region, thus strengthening the company’s strategic presence in Morocco. In full growth, the company recently organized a thematic gala dinner at the Royal Mansour Casablanca, marked by the presence of Younes Sekkouri, Minister of Economic Inclusion, Abdeljalil Lahjomri, Permanent Secretary of the Academy of the Kingdom, and Najat Vallaud-Belkacem, former French Minister of Education … More

The Mohammed VI Tower has its first, and prestigious, tenant

Waldorf Astoria. This is the name of the hotel that is now the first tenant of the Mohammed VI Tower. O Tower and Hilton have formalized the signing of a management contract to this effect, indicates the magazine Challenge. “Occupying the top 18 floors of the Mohammed VI Tower, from its 29th to its 46th level, the hotel benefits from an exceptional panoramic view of the Bouregreg River, the twin cities of Rabat and Salé, as well as the Atlantic Ocean,” we read. Founded in New York at the end of the 19th century, Waldorf Astoria opened its first establishment in 1893 in Manhattan. In Rabat, the establishment will have 55 keys, divided between 11 rooms and 44 suites, and will offer high-end services and facilities, including a wellness area, a ballroom, a business lounge and four restaurants. It is scheduled to open in 2025… More

Towards tougher sanctions against developers concluding reservation contracts

The numerous constraints and difficulties arising from certain provisions of Law No. 25-90 relating to subdivisions, housing groups and divisions have led to the revision of this text adopted since 1992. These constraints have led to a divergence of understanding of this law between local managers on the one hand, and developers on the other, in addition to the appearance of gaps and flaws which make the law in question insufficient to find solutions to the problems raised, we read in the presentation note of draft law No. 34-21 amending and supplementing Law No. 25-90, which will be examined this Thursday, November 14 in the Government Council … More

Kenitra-Marrakech high-speed rail line: Moroccan STAM wins 2.4 billion dirham contract

The National Railways Office (ONCF) revealed, on Wednesday, November 20, the identity of the winner of lot 3 bis, relating to earthworks, civil engineering structures, restoration of communications and fencing. This contract, which is an integral part of the Kenitra-Marrakech high-speed rail line project, was awarded to the Moroccan Agricultural Works Company (STAM). Worth 2.42 billion dirhams, STAM’s offer was the lowest bidder, well below an initial estimate set at 3 billion dirhams, and lower than that proposed by the three other candidates in the running (taking into account national preference). These are China Civil Engineering Construction Corporation (2.49 billion dirhams), China Gezhouba group Co Ltd (2.58 billion dirhams) and the SNCE/CAPEP/SEPROB group (2.86 billion dirhams) … More

Global value chains: what place for Morocco?

The Kingdom of Morocco is now establishing itself as a hub in global value chains. The Kingdom stands out for its proactive strategy. The automotive sector alone accounted for 33% of the country’s total exports, according to Finances News Hebdo magazine. Its proximity to Europe and its openness to Africa give it a prime position, particularly thanks to the port of Tangier Med, which reached a volume of 8.6 million containers handled… More

Energy transition: what Morocco needs to improve, according to the Climate Change Performance Index

In recent years, Morocco has made significant progress in sustainable development and reducing greenhouse gas (GHG) emissions. These remarkable performances have been confirmed by several international reports and studies. The latest highlight: the Kingdom’s ranking in 8th position in the 2025 Climate Performance Index (CCPI), unveiled at COP29, currently being held in Baku, Azerbaijan. This ranking represents a gain of one place compared to the previous year… More

Capital market: OPCIs are on the rise

It must be believed that investment in real estate collective investment schemes (OPCI) tends to attract more and more people. The jump of more than 31% (to 96.96 billion dirhams) in their net assets at the end of September is clear proof of this. To date, the market has 60 OPCIs. In the current context, collective capital investment schemes (OPCC) see their net assets increase by 11.07% year-to-date to reach more than 2.81 billion dirhams at the end of September 2024. More

Green Hydrogen: TotalEnergies Mega-Project in Chbika

The French group Total has just signed an agreement described as “historic” by the management of the Moroccan subsidiary. It is a MoU (memorandum of understanding) between the French group TotalEnergies, a Danish investment fund and a Danish group specializing in infrastructure. More

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