Morocco - € 11 Billion in Transport Infrastructure Investments

November 17, 2009

Dramatic finale for Africa.

If it was drama you wanted, African World Cup qualifying was the place to be this weekend. Nigeria and Cameroon became the latest teams through to the finals - joining Ghana, Ivory Coast and hosts South Africa - but in very different circumstances.

November 16, 2009

BORDEAUX WAIT ON CHAMAKH.

Bordeaux president Jean-Louis Triaud admits he remains in the dark about whether Marouane Chamakh will sign a new contract.

November 15, 2009

HM the King inaugurates craft training center.

King Mohammed VI inaugurated, here Saturday, a craft training center, marking the launch of the 12th national campaign for solidarity that runs from November 15 through November 25.

November 15, 2009

Authenticity and Modernity Party strongly denounces comments of Aminatou Haidar.

Rabat - Secretary General of the Authenticity and Modernity Party Mohamed Cheikh Biadillah strongly denounced, on Sunday, the statements of Aminatou Haidar, describing her "provocative act" as "treason against the Nation."

November 15, 2009

IMF: Morocco's growth remains solid despite global recession.

Economic growth in the North African state of Morocco remains solid even in the face the global economic downturn, the international Monetary Fund (IMF) has disclosed. In 2009 Morocco is expected to register an almost equal real GDP growth with what it achieved in the preceding fiscal year.

November 14, 2009

Cameroon Qualifies for World Cup.

FES, Morocco, Nov 14 (Reuters) - Cameroon completed a fine recovery after a stuttering start to their World Cup qualifying campaign to reach the finals in South Africa with a 2-0 away win over Morocco on Saturday.

November 15, 2009

Marrakech Festival a boon for local cinema.

The Marrakech Film Festival, to begin its ninth edition on December 4, has been a boon not just for the fledgling Moroccan/African cinema industry, offering an effective platform for their directors, but also for the city’s tourism. Funded entirely by the country’s ruling monarchy with Prince Moulay Rachid (King’s brother) presiding over the nine-day run (though the management is with a French public relations firm, Le Public Systeme.), the Festival pumps excitement into the city’s innumerable hotels and wayside eateries.

November 15, 2009

Six Senses Spa to open at The Baglioni Marrakech, Morocco by 2011.

Morocco’s first Six Senses Spa is scheduled to open by late 2011. The spa having an area of 1,500 sq mt will be a centrepiece of The Baglioni Marrakech — a boutique five-star hotel set within 34-acre parkland resort and residential development.

30 October 2010

Football-CAF Cup: FUS of Morocco beats Al-Ittihad of Libya.

Fath Union Sport (FUS) of Morocco on Friday beat Al-Itti had of Libya 2-1 at 11 June Stadium of Tripoli in the first leg of the semi-finals for the Confederation Cup.

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Saturday 30 October 2010

Morocco - € 11 Billion in Transport Infrastructure Investments

Posted on 19:25 by google

Morocco (Marrakech) - Transport and Equipment Minister Karim Ghellab said that Morocco has earmarked 11 billion euros for transport infrastructure over the period 2008-2012.

Ghellab, who was speaking during a meeting on "The risks of under-investment in infrastructure," held in Marrakech as part of the World Economic Forum on the Middle East and North Africa (MENA) region (26-28 October), recalled that "in ten years, Morocco has quadrupled its investments in transport infrastructure", stressing that an integrated development requires efficient infrastructure.

"Morocco is capitalizing on the infrastructure", he said, noting that improving infrastructure is likely to contribute to both economic and human development.

Regarding the policy of the government to attract more Foreign Direct Investment (FDI), the Minister noted that the Kingdom has adopted well-defined sectoral strategies, citing as an example the “Plan Emergence”, in addition to the launch of several infrastructure projects (Tangier-Med port complex, motorway network etc...).

Morocco, like the transition countries, has adopted several programs to curb the social deficits and fight poverty, Ghellab said, citing projects aiming at opening up rural areas and supplying drinking water.

The World Economic Forum on MENA, which brings together prominent economists and analysts from all over the world, is meant to tackle the most appropriate growth and development strategy for the region in a context marked by the economic downturn, oil volatile prices, water shortage and immigration.

Held under the high patronage of HM King Mohammed VI, the meeting will be also a platform to understand, collectively, the post-crisis reality.

The Forum will address the issue of the sovereign wealth funds and their growing orientation towards a regional commitment to crucial sectors such as renewable energy, health and social systems, infrastructure development and technological breakthroughs.

The event will touch on three themes namely "regional responses to global risks", "encouraging a sustainable growth" and "North Africa: New regions of commercial partnership”.

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