Egyptian billionaire targets $400M tourism project on Morocco’s Atlantic coast
Samih Sawiris, the Egyptian billionaire and CEO of Orascom, a Cairo-based infrastructure and construction giant, is pursuing a $400 million
The International Monetary Fund (IMF) has approved $415 million to support Morocco’s efforts to mitigate the negative impacts of climate change on its economic growth. The IMF said Morocco continues to make progress in bolstering its resilience against climate change and seizing the opportunities from decarbonization. The IMF went on to say that
the investments made by Morocco in water infrastructure to address water scarcity need to be complemented by management reforms, stressing the need to continue progress toward liberalizing the electricity markets to boost private sector participation in renewable energies.
Sign up for the weekly newsletter and get our latest stories delivered straight to your inbox.