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China-Africa Trade Information Service
The China Communications Construction Co (CCCC) is likely to be selected to implement the construction work of Morocco’s first Floating Storage Regasification Unit (FSRU) off the Atlantic coast.
In a statement quoted in the report, TMZ stressed that the first phase of 30 ha will be delivered in April 2022 with IKEA company occupying an area of more than 3ha with 19,000m² covered. The construction of IKEA area has already started and is scheduled to open in summer 2022.
Abderrahim El Hafidi, the general director of Morocco’s National Office of Electricity and Drinking Water (ONEE), announced on Saturday the government’s plans to allocate a global investment budget of nearly MAD 300 million ($33 million) for the projects.
Morocco’s OCP Group and the Ethiopian government have signed a Joint Development Agreement to develop a fertilizer plant in Ethiopia. An Ethiopian delegation led by the country’s Minister of Finance, Ato Ahmed Shide, signed the agreement in Morocco on Saturday, September 18.
The represented Polish companies’ activity sectors are diverse. A few of the visiting companies specialize in professional lighting solutions, while others manufacture ultralight multi-purpose helicopters.
Morocco’s latest gas projects move the country “closer to unlocking [its] domestic gas riches,” according to Global Data, an international data analytics and consulting company.
The National Office of Electricity and Drinking Water (ONEE) is investing MAD 2 billion ($224 million) to boost the power supply in Morocco’s southern provinces.
The country invested a global investment of around MAD 52.1 billion ($5.8 billion). The total investment in development projects is estimated at MAD 53.8 billion ($6 billion).
The development projects aim to improve infrastructure in Morocco’s rural areas, ensure access to water, electricity, and social services.