AP Moller Capital has announced that its Emerging Markets Infrastructure Fund II and APM Capital Morocco Fund have agreed to acquire a majority stake in Moroccan transportation and logistics company Globex Investissement, thus reflecting the firm's focus on transportation and logistics in North Africa.
KBR has been selected by ORNX Green Hydrogen to provide technology licensing and pre-front-end engineering design (Pre-FEED) services for a planned large-scale low-cost ammonia project in Morocco’s Laâyoune region.
West African leaders approved the Nigeria-Morocco Gas Pipeline, a 6,000-kilometre project linking Nigerian gas fields to Morocco and European markets through 13 Atlantic coast countries.
The World Bank’s Board of Directors has approved a $265 million loan to support Morocco’s Ifahsa Pumped Hydropower Storage Project, a major clean energy initiative aimed at strengthening the country’s electricity grid and expanding renewable energy integration.
The Saudi Ports Authority (Mawani) has announced the addition of Maersk’s shipping service (Maersk - MECL) to Jeddah Islamic Port, thus enhancing the port’s maritime connectivity, expanding its service network with regional and global ports, and supporting the smooth flow of trade and supply chains.
flynas will launch direct flights between Jeddah and Rabat on July 4, becoming the first Saudi airline to operate the route and expanding air connectivity and travel options between Saudi Arabia and Morocco.
Saudi Arabia launched the second gateway of the Makkah Route Initiative in Morocco at the initiative’s hall at Rabat-Salé International Airport. The Makkah Route Initiative aims to provide high-quality services to pilgrims from beneficiary countries travelling to the Kingdom.
Morocco’s decision earlier this year to pause elements of its long-anticipated LNG import strategy marks less a delay than a strategic reset – one that reflects both shifting global market dynamics and a more pragmatic approach to infrastructure development, said industry experts.
Sunset Hospitality Group (SHG) has expanded into Morocco with the launch of Cicchetti at The View Hotel in Rabat’s Hay Riad district, marking its first venue in the capital.
Pratt & Whitney, a global leader in the design, manufacture and service of aircraft engines and an RTX company, has announced the official opening of its new 130,000-sq-ft manufacturing facility at Nouaceur in Morocco. It is expected to create 200 new jobs by 2030 and add critical production capacity.
