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    REAL ESTATE

    August 2, 2020

    Construction of hydrogen train fuelling station begins, Germany.

    Construction of a hydrogen train fuelling station is Bremervörde, Germany has begun. The station will serve a fleet of 14 Alstom Coradia iLint fuel cell multiple-units which LNVG has ordered for use by Eisenbahnen und Verkehrsbetriebe Elbe-Weser on passenger services between Cuxhaven,"...

    July 28, 2020

    Walton Expands U.S. Homebuilder BOLD Funds to Support Demand for New Single-Family Home Market

    Walton, a real estate investment and land asset management company with US$3.39 billion under management and administration, has expanded its Builder Option Land Development Funds (BOLD Funds), with an investment objective of raising capital to acquire land identified by large U.S. homebuilders"...

    July 27, 2020

    Amended Finance Bill Provides New Measures to Encourage Housing Sector (Ministry)

    Rabat - New measures have been introduced in the Amended Finance Law 2020 targeting both buyers and developers, as part of efforts to support the real estate sector to mitigate the social and economic impacts of the spread of Coronavirus, in accordance with the High Guidelines of HM King"...

    July 22, 2020

    Morocco Prepares to Relaunch Construction, Urban Development Sectors

    Rabat – The government council is set to discuss plans to relaunch the construction and urban development sectors while taking into account the ongoing COVID-19 crisis in Morocco.

    The gouvernment council,"...

    July 16, 2020

    Establishment in Athens of Greek-Moroccan Chamber of Commerce and Business Development

    Athens - The newly created Greek-Moroccan Chamber of Commerce and Business Development is a platform jointly carried by companies from both countries to further boost trade, the Moroccan embassy in Greece said Wednesday.

    The"...

    July 15, 2020

    Morocco to Allocate Over $4 Billion Annually for Infrastructure Upgrades-Morocco

    Rabat – Morocco’s Mnistry of Equipment, Transport, and Logistics is set to invest an annual budget of MAD 40 billion ($4.16 billion) throughout the coming decade to finance infrastructure projects.

    Minister"...

    July 1, 2020

    Al Omrane Group Generated Turnover of $488 Million in 2019

    Rabat – The Al Omrane Group, Morocco’s largest construction business, achieved a turnover of MAD 4.57 billion ($488 million) and created 29,334 land titles in 2019, despite the difficult economic situation that the sector has faced for several years.

    The"...

    March 12, 2020

    Marrakech-Agadir Railroad Construction on Track to Completion by 2025

    Rabat – The feasibility and pilot studies of extending Morocco’s railway line from Marrakech to Agadir are almost completed, with the line’s completion scheduled for 2025.

    According to a Technical"...

    March 11, 2020

    AMAALA Unveils Denniston as Master Planner of the Island

    AMAALA, the ultra-luxury destination located along Saudi Arabia’s northwestern coastline, has announced the appointment of leading architectural firm Denniston as the Master Planners for The Island.

    Chief"...

    March 9, 2020

    Rasmala Acquires Research and Development Facility in the United States for USD 61 million

    Rasmala Investment Bank Limited (‘Rasmala’) a leading alternative investment manager, today announced the acquisition of a state-of-the-art research and development facility in Philadelphia, United States for USD 61 million. The asset was acquired by the Rasmala North American"...

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