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The Moroccan Economy in Brief: Tuesday, January 8, 2019

The "Al Massira" interchange on the Rabat-Kenitra axis is operational:
The "Al Massira" interchange, located at kilometre point 232 of the Rabat-Kenitra motorway axis, was inaugurated on Monday with the main objective of improving access to the city of Kenitra. Carried out by the Société Nationale des Autoroutes du Maroc (ADM) over a period of 10 months, the project, which required an investment of 30 million dirhams, will relieve traffic on the two adjacent interchanges, Kénitra centre and Kénitra nord, and improve both capacity and traffic flow.


The Ibn Tofaïl University and PSA Maroc are committed to the employability of young people:
The Peugeot Group, a Moroccan public limited company (PSA), has signed a partnership agreement with the Ibn Tofaïl University and the ENSA of Kenitra. According to an ENSA press release, this agreement will enable the young winners to be supported in their professional integration into the automotive industry. Through this partnership agreement, underlines the same source, the PSA Group confirms its commitment, as a major player in the automotive industry in Morocco, to set up a system to support the employability of young people in collaboration with local academic partners. This agreement covers several areas.


Fayçal Chaabi at the head of Ynna Holding:
The company's Board of Directors has co-opted Fayçal Chaâbi as the new CEO of the group founded by his father Miloud Chaâbi in 1948. He succeeds his mother Mama Tajmouati who was appointed head of the company following Miloud Chaâbi's death in April 2016. According to a press release issued by the company on January 7, Fayçal Chaâbi's mission will be to consolidate the group's development through the implementation of the growth strategy, both in Morocco and internationally.


Tangier-Tetouan-Al Hoceima is preparing its master plan for training elected officials:
The Department of the Interior is continuing the process of preparing the ground for the implementation of advanced regionalization and deconcentration. It is working on a regional master plan for training for the benefit of the local authorities of Tangier-Tetouan-Al Hoceima. Its preparation is the subject of a call for tenders launched by the Ministry for a budget of 1.2 million dirhams.


Guercif: Inauguration of a textile manufacturing unit:
The "Taddart Green" textile manufacturing unit was inaugurated on Saturday, January 05, in the rural commune of Taddart (Guercif province), at a total cost of around 10 million dirhams. In terms of employment, it has created more than 300 jobs. The inauguration ceremony of this unit, a branch of the "Vindi" group, was presided over by the Governor of Guercif province, Hassan Belmahi, the President of the Oriental Regional Council, Abdenbi Bioui, and the Executive Director of the "Vindi" group, Said El Bernichi.