Morocco has surpassed South Africa as the biggest exporter of passenger cars on the continent with $7 billion (MAD 65.1 billion) exports made in the car industry at the end of 2018. Morocco’s Automotive industry is growing exponentially each year with car sales exceeding 160,000 units in 2021, and creating over 220,000 direct jobs. According to several
A start-up with former Tesco chief executive Sir Dave Lewis as executive chair is planning to build the world’s longest undersea electric cable, stretching 3,800km between north Africa and Britain. Xlinks is proposing to complete the £16bn Morocco-UK link by the end of this decade, delivering enough electricity to power more than 7m British homes.
Petrofac has secured a contract valued at over US$100 million with Zallaf Libya Oil & Gas Exploration and Production Company, to deliver their Erawin Field Development Project Phase 1 Early Production Facilities. The Engineering, Procurement, Construction and Commissioning (EPCC) scope of work encompasses surface equipment, including well pads and flowlines at the Erawin oil field,
Siemens Energy and the state-owned Egyptian Electricity Holding Co. have signed a memorandum of understanding to develop a hydrogen-based industry with export potential, including a 100-200 MW pilot electrolyzer facility, as the North African gas producer seeks to develop a clean energy industry. “Siemens Energy and EEHC will jointly promote investment, technology transfer, and implementation
1. Morocco depends on imports for around 93 % of energy supply While still struggling to tap on its large hydrocarbon potential, Morocco has become the largest net importer of energy in Africa. According to the Ministry of Energy and Mines, 93.3% of the energy consumed in Morocco is imported, whether in the form of