Latest news with #Hespress
Saba Yemen
26-04-2025
- Business
- Saba Yemen
Morocco Imports "Valuable Waste" from Europe to Turn It into Wealth
Rabat - (Saba): The Kingdom of Morocco relies on importing recyclable materials, including waste, scrap, and secondary raw materials, from Europe to turn them into wealth. According to the latest figures released by the European Statistical Office, "Morocco imported 821,500 tons of recyclable raw materials in 2024, including waste, scrap, and secondary raw materials." According to the Moroccan newspaper "Hespress," the European Statistical Office indicated that the French market for recyclable raw materials and waste is Morocco's most preferred European destination, with imports exceeding 164,000 tons, followed by the Polish market with more than 163,000 tons, and then the Spanish market with 125,500 tons. The European Statistical Office indicated, according to the newspaper, that "EU countries' exports of organic materials, which the office defines as waste and food waste, to Morocco amounted to 200,600 tons in 2024." In contrast, according to the newspaper, "Morocco exported no more than 160,000 tons of these materials to European Union countries in the same year. Overall, European exports of recyclable raw materials to Morocco declined in 2024, compared to 2023, when they reached approximately 890,000 tons. Waste exports also declined slightly, exceeding 240,000 tons in 2023." The newspaper added, "However, the same data revealed that European exports of these materials to Morocco increased from 300,000 tons in 2020 to 821,500 tons in 2024, while exports of European recyclable metals accounted for the lion's share, with Morocco importing 517,000 tons of them in 2024." The newspaper indicated that "despite the decline in exports in 2024, the quantity remained 58.5 percent higher than in 2004 (an increase of 13.2 million tons)," noting that "EU exports of metals amounted to 19.0 million tons, representing more than half of the total exports of recyclable raw materials." The list of recyclable materials exported by the EU to Morocco includes modest quantities of no more than 20,000 tons of plastic, cardboard and paper, wood, textiles, glass, and other unknown materials. Whatsapp Telegram Email Print more of (International)
Zawya
07-02-2025
- Business
- Zawya
Morocco's tourism to boom on projects, World Cup
Tourism fetched Morocco record revenues in 2024 and the North African Arab nation expects a surge in the next few years as projects gain pace for the 2030 World Cup. Nearly 17.4 million tourists from the oil-rich Gulf, Europe and other countries visited Morocco in 2024, the Ministry of Tourism, Handicrafts and Social and Solidarity Economy said in a report published by Morocco's daily Hespress this week. Revenues swelled by nearly seven percent over 2023 to reach around 112 billion Moroccan dirhams ($11.2 billion), the report said. 'It was an exceptional year for the tourism sector in Morocco…tourism revenues climbed to an unprecedented level…this boom was demonstrated mostly in December, when revenues increased by 11 percent over the same months of 2023,' it said. It said the number of tourists in 2024 was nearly 20 percent higher than in 2023, adding that this 'demonstrated Morocco's ability to attract a larger variety of visitors.' Fatim-Zahra Ammor, the Minister of Tourism, Handicrafts and Social and Solidarity Economy, said in the report that the improvement 'reflects Morocco's ability to adapt to new international trends and to tap its natural and cultural resources.' Bracing for the 2030 games, Morocco said last week it would build 16 tourism villages and have already allocated nearly MAD188 million ($19 million) for phase 1 of the project that will cover various parts of the country. In December, Sabah Akadir and other Moroccan newspapers said Egyptian billionaire Samih Sawiris is leading a group of local and UAE investors in a project to develop a large tourism project on Morocco's Western Atlantic coast. The investment will include hotels, resorts, and other tourist attractions with the aim of boosting the country's tourism industry, the paper said. The consortium, which includes Sawiris' company Orascom Investment, the UAE-based Al Nowais Group, and Eastern Investment, has submitted a proposal to Morocco's Competition Council, it said. It added that the project involves acquiring full ownership of the Moroccan company SAEMOG, which oversees the Essaouira Mogador coastal project. The US hospitality giant Hilton also revealed plans in late 2024 to open nine new hotels in Morocco. The first hotel will be inaugurated in early 2025 and is based in the 250-metre-tall King Mohammed VI Tower in Sale city near Rabat. According to Ministry data, the tourism sector contributed by nearly seven percent to GDP in 2023 and the level is projected to surge in 2030, when a record 26 million tourists are expected to visit. (Writing by Nadim Kawach; Editing by Anoop Menon)
Zawya
28-01-2025
- Business
- Zawya
Morocco to build largest logistics zone
Morocco has launched a project to build its largest logistics zone at a cost of around 550 million Moroccan dirhams ($55 million), the local press reported on Tuesday. The zone is located in the Western Atlantic Casablanca province and is part of projects undertaken by the North African Arab nation in preparation for the 2030 World Cup, which it co-hosts along with Spain and Portugal. Hespress newspaper said the zone would be built on an area of 700,000 sq metres and is expected to attract investments of more than 1,700 million dirhams ($170 million). 'The zone will attract several companies and will largely improve the country's infrastructure and support economic and commercial activity,' it said. (Writing by Nadim Kawach; Editing by Anoop Menon) (
