Morocco’s ONOMO Hotels strengthens African presence with acquisition of BON Hotels

Morocco’s ONOMO Hotels strengthens African presence with acquisition of BON Hotels

On

MOROCCO – Moroccan based hotel giant, ONOMO hotels has acquired a 60.1% controlling stake in BON Hotels, heralding what could be a major shakeup on the African hospitality industry. In a press statement, ONOMO Chairman, Julien Ruggieri noted that ONOMO is consolidating…

Chinese car part manufacturer Citic Dicastal opens new US$385m plant in Morocco

Chinese car part manufacturer Citic Dicastal opens new US$385m plant in Morocco

On

MOROCCO – Citic Dicastal, a chinese state-owned global company specializing in manufacturing aluminum alloy parts for wheels has inaugurated its second plant in Kenitra, north of Rabat. The group invested €350 million (about US$385 million) to complete the 30,000-square-meter project which is…

Morocco signs US$415m wind power deal to boost renewable energy production

Morocco signs US$415m wind power deal to boost renewable energy production

On

MOROCCO– The kingdom’s National Office of electricity and drinking water (ONEE) and the Moroccan Agency for Sustainable Energy (MASEN), have signed the Boujdour Plant building contracts with the Moroccan Nareva Holding and Italy’s Enel Green Power consortium in Rabat. The deal which…

France’s automotive company Sealynx inaugurates new US$24m factory in morocco’s industrial city of Tangier

France’s automotive company Sealynx inaugurates new US$24m factory in morocco’s industrial city of Tangier

On

MOROCCO – Sealynx Automotive Morocco, a subsidiary of French automotive company, Sealynx International (GMD group) has inaugurated a new production unit specialized in the manufacture of automotive gaskets in Tangier. The new US$24 million production unit is spread over an area of…

State-owned railway company ONCF to sell prestigious La Mamounia Hotel

State-owned railway company ONCF to sell prestigious La Mamounia Hotel

On

MOROCCO – Morocco’s national state-owned railway company ONCF (Office Nationale des Chemins de Fer du Maroc) is planning to sell the luxury La Mamounia hotel in Marrakech. The company’s General Director, Rabbi Khlie revealed that ONCF intended to sell the hotel to…