King Mohammed VI of Morocco has broken ground on the NOOR Ouarzazate IV plant, the fourth and final phase of the Ouarzazate solar complex.
Willemen Groep comprising Aswebo, Aannemingen Van Wellen, Franki Construct and Cosimco has won a contract from the Dutch company APM Terminals to build a new container terminal in Morocco.
Moroccan phosphate producer OCP Group has partnered with the Ethiopian government to construct a $2.4bn fertilizer plant in Ethiopia.
Morocco’s mosques are set to receive a ‘green makeover’ in a government-led initiative to improve efficiency and promote renewable energy.
Green Valley Real Estate has announced plans for a AED500M ($136M) residential project in Marrakech, Morocco.The 410,000sq m development, called ‘City of Green Valley-Marrakech’, is located 11km from Marrakech city centre and will feature 350 residential villas with 100,000sq m of green spaces.It will also include restaurants, cafes, a supermarket, a spa area, health clubs, swimming pools, bars and sports courts.Green Valley Real Estate owner and general manager, Ali Saeed Al Salami said: "We are privileged to announce the project in Marrakech. "Aside of being a state-of-the-art and cutting edge project, it also offers excellent growth potential for investors looking for substantial return on their investment in Marrakech."This is a luxury project and offers amazing investment opportunities in the city, which is otherwise considered a perfect tourist destination."The project follows the completion of developments in Turkey, UAE and other parts of the Middle East.<iframe src="https://timetric.com/c/TT4M9NW/chart/" style="width:500px;height:350px;border:0;" frameborder="0" scrolling="no"></iframe>
Dutch port operator APM Terminals is set to develop a new trans-shipment terminal at the Tanger Med 2 port complex in the Moroccan city of Tangier.Estimated to cost €758m, APM Terminals MedPort Tangier will have annual capacity of 5m TEUs, increasing the port's total annual throughput capacity to over 9m TEUs. It will feature the latest technology and have up to 2,000m of quay length, along with the technology pioneered at the APM Terminals Maasvlakte II Rotterdam terminal. APM Terminals already operates the APM Terminals Tangier facility at Tanger Med 1 port. The 30-year concession of APM Terminals MedPort Tangier at Tanger Med 2 port will complement the current operations of the existing APM Terminals Tangier facility.The new terminal is scheduled to commence operations in 2019.APM Terminals CEO Kim Fejfer said: "Terminals MedPort Tangier will bring important innovation and future capacity into the West Med market on one of the world's most strategic seaways - the Strait of Gibraltar."
A consortium of Enel Green Power (EGP), Moroccan energy firm Nareva Holding (Nareva) and Siemens Wind Power has been pre-awarded a contract to design, construct, develop, finance, operate and maintain five wind projects in Morocco.The wind projects, awarded by Moroccan utility ONEE, will have a total capacity of 850MW. Construction on the projects is estimated to entail a total investment of about €1bn, which will be mostly financed through project finance facilities.Three wind farms, including the 150MW Midelt, 100MW Tanger, and 200MW Jbel Lahdid will be built in northern Morocco. The remaining two facilities, the 300MW Tiskrad and the 100MW Boujdour, will be constructed in southern Morocco.EGP and Nareva will set up and own five special purpose vehicles holding the projects. Siemens Wind Power will offer the wind turbines, with several components manufactured locally.The wind farms are expected to be completed and become operational between 2017 and 2020. Energy produced by the facilities will be sold to ONEE under 20-year power purchase deals. EGP CEO Francesco Venturini said: “We are leveraging on our knowledge and expertise, in collaboration with our partners, to contribute to Morocco’s ambitious energy plan that has renewables at its core. “The country is an example in North Africa of reliability and transparency in supporting the development of renewable technologies.”