Morocco's Poor Left Behind by Development Boom

 Mohammed Akki's wife works in the kitchen of their home that has no electricity and is lit by a gas lamp in the community of Ait Hammou Ouhmad on the edge of Azrou in Morocco, November 6, 2019. REUTERS/Abdelhak Balhaki
Mohammed Akki's wife works in the kitchen of their home that has no electricity and is lit by a gas lamp in the community of Ait Hammou Ouhmad on the edge of Azrou in Morocco, November 6, 2019. REUTERS/Abdelhak Balhaki
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Morocco's Poor Left Behind by Development Boom

 Mohammed Akki's wife works in the kitchen of their home that has no electricity and is lit by a gas lamp in the community of Ait Hammou Ouhmad on the edge of Azrou in Morocco, November 6, 2019. REUTERS/Abdelhak Balhaki
Mohammed Akki's wife works in the kitchen of their home that has no electricity and is lit by a gas lamp in the community of Ait Hammou Ouhmad on the edge of Azrou in Morocco, November 6, 2019. REUTERS/Abdelhak Balhaki

Mohammed Akki left his home in Morocco’s Middle Atlas mountains to seek regular work and a better life in the town of Azrou, but he still lives on the margins in a country enjoying an investment boom.

Every morning, Akki walks miles into Azrou, where he may or may not find work as a day laborer. His ramshackle house down a muddy lane has no electricity or running water and his school-age daughter has to study by candlelight.

He is part of a large class of impoverished Moroccans left behind by the rapid development that has transformed much of the northwestern coastline with multi-billion-dollar infrastructure projects.

“It is inconceivable. How can we live in a city but we still need candles? We hear slogans but there is no transparency. We never get any help,” said Akki, standing in his dark kitchen, where a storm lamp lit a few pans hanging from nails on the wall.

Morocco’s rampant inequality is stirring some unease in the country’s political class, particularly after protests in the northern Rif mountain region in 2017-18 and the mass demonstrations in neighboring Algeria this year.

Signs of public frustration include political chanting by football fans in Casablanca and a popular rap song that decried inequality.

“More than poverty, social disparities create frustrations that may trigger protests. These disparities are often viewed as a result of an illegitimate accumulation of wealth,” said Ahmed Lahlimi, head of Morocco’s official statistics agency.

The government said this month it had allocated 7.4 billion dirhams ($770 million) to combating social and regional disparities this year as part of a longer program.

King Mohammed VI, who sets the policy direction in Morocco, though it is implemented by an elected government, is appointing a commission to oversee a new phase of development aimed at tackling such disparities.

Mohammed’s two-decade reign has mostly focused on upgrading infrastructure needed for business, such as a high-speed rail link connecting Casablanca to Tangier, now transformed into Africa’s busiest port.

Economic growth averaged 4.5% from 2000-2012, but only 3% since then, a relatively low figure for an emerging market. A quarter of Moroccans are either poor or at risk of poverty, a recent World Bank report said, and the kingdom ranks 123rd in the UN’s human development index.

In Azrou, located in the Middle Atlas mountains east of Rabat, Akki and his family spend their evenings in the dark. He and his neighbors have to collect drinking water by donkey from a well a mile away.

Their community, Ait Hammou Ouhmad, is entirely populated by people who have left the mountains to settle near Azrou. They have built their homes cheaply without official permits and are unable to gain access to government utility services.

Country folk fleeing the poverty and uncertainty of an agricultural sector utterly dependent on variable rainfall have swelled the poor districts of Moroccan cities.

HARSHER CIRCUMSTANCES
Agriculture employs about 40% of Moroccan workers but a dry year can cut overall economic growth by more than a percentage point and leave many without work, statistics chief Lahlimi said.

The austere circumstances of Akki and his neighbors point to the even harsher conditions endured by those they left behind in the remote mountain regions, many working as shepherds, often tending flocks that belong to absentee owners.

In the high cedar forests of the Middle Atlas, where troupes of macaques lurk along the gloomy treeline, some former nomads still live in tents roofed with plastic sheeting on a barren plateau far from the nearest school or hospital.

Fadma Safsaf, whose tent and thorn animal enclosure lie in a wide meadow ringed with cedar forest, looks after two daughters and a son while her husband grazes the flock in the high pastures.

Most of the sheep and the tent they live in are owned by a landlord in France. Their annual payment is a quarter of the lambs born to the flock each year, Safsaf said.

“We lack water and electricity and suffer from snow and extreme cold. We lack clothes and shoes,” she said.

“We often have access only to muddy water. I want to go to the city, but my husband does not have a job. What could we do there? My husband has no skills,” she said.



Egypt Plans $1 Billion Red Sea Marina, Hotel Development

This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)
This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)
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Egypt Plans $1 Billion Red Sea Marina, Hotel Development

This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)
This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)

Egypt announced plans on Monday for a new $1 billion marina, hotel and housing development on the Red Sea in a bid to boost the region's tourist industry.

Construction on the "Monte Galala Towers and Marina" project would ‌start in ‌the second ‌half ⁠of the ‌year and run for seven years, Ahmed Shalaby, managing director of the main developer, Tatweer Misr, said.

The 10-tower development - a partnership with the ⁠housing ministry and other state bodies ‌including the armed ‍forces' engineering authority - ‍would cost about 50 ‍billion Egyptian pounds ($1.07 billion), he added.

The project, also announced by the cabinet, will cover 470,000 square meters on the Gulf of Suez, about ⁠35 km south of Ain Sokhna, Shalaby said.

Egypt aims to boost total tourist arrivals to around 30 million by 2030, from around 19 million recorded by the tourism ministry in 2025.


Saudi-Polish Investment Forum Explores Prospects for Economic and Investment Cooperation

The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA
The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA
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Saudi-Polish Investment Forum Explores Prospects for Economic and Investment Cooperation

The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA
The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA

The Saudi-Polish Investment Forum was held today at the headquarters of the Federation of Saudi Chambers in Riyadh, with the participation of Minister of Investment Khalid Al-Falih, Minister of Finance of the Republic of Poland Andrzej Domański, and Vice President of the Federation of Saudi Chambers Emad Al-Fakhri.

The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation, expanding investment partnerships in priority sectors, and exploring high-quality investment opportunities that support sustainable growth in Saudi Arabia and Poland.

During a dedicated session, the forum reviewed economic and investment prospects in both countries through presentations highlighting promising opportunities, investment enablers, and supportive legislative environments.

Several specialized roundtables addressed strategic themes, including the development of the digital economy, with a focus on information and communication technologies (ICT), financial technologies (fintech), and artificial intelligence-driven innovation, SPA reported.

Discussions also covered the development of agricultural value chains from production to market access through advanced technologies, food processing, and agricultural machinery. In addition, participants examined ways to enhance the construction sector by developing systems and materials, improving execution efficiency, and accelerating delivery timelines. Energy security issues and the role of industrial sectors in supporting economic transformation and sustainability were also discussed.

The forum witnessed the announcement of two major investment agreements. The first aims to establish a framework for joint cooperation in supporting investment, exchanging information and expertise, and organizing joint business events to strengthen institutional partnerships.

The second agreement focuses on supporting reciprocal investments through the development of financing and insurance tools and the stimulation of joint ventures to boost investment flows.

The forum concluded by emphasizing the importance of continued coordination and dialogue between the public and private sectors in both countries to deepen Saudi-Polish economic relations and advance shared interests.


Gold Rises as Dollar Slips, Focus Turns to US Jobs Data

FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
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Gold Rises as Dollar Slips, Focus Turns to US Jobs Data

FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo

Gold prices rose on Monday, buoyed by a softer dollar as investors braced for a week packed with US economic data that could offer more clues on the US Federal Reserve's monetary policy.

Spot gold rose 1.2% to $5,018.56 per ounce by 9:30 a.m. ET (1430 GMT), extending a 4% rally from Friday.

US gold futures for April delivery also gained 1.3% to $5,042.20 per ounce.

The US dollar fell 0.8% to a more than one-week low, making greenback-priced bullion cheaper for overseas buyers.

"The big mover today (in gold prices) is the US dollar," said Bart Melek, global head of commodity strategy at TD Securities, adding that expectations are growing for weak economic data, particularly on the labor front, Reuters reported.

Investors are closely watching this week's release of US nonfarm payrolls, consumer prices and initial jobless claims for fresh signals on monetary policy, with markets already pricing in at least two rate cuts of 25 basis points in 2026.

US nonfarm payrolls are expected to have risen by 70,000 in January, according to a Reuters poll.

Lower interest rates tend to support gold by reducing the opportunity cost of holding the non-yielding asset.

Meanwhile, China's central bank extended its gold buying spree for a 15th month in January, data from the People's Bank of China showed on Saturday.

"The debasement trade continues, with ongoing geopolitical risks driving people into gold," Melek said, adding that China's purchases have had a psychological impact on the market.

Spot silver climbed 2.9% to $80.22 per ounce after a near 10% gain in the previous session. It hit an all-time high of $121.64 on January 29.

Spot platinum was down 0.2% at $2,092.95 per ounce, while palladium was steady at $1,707.25.

"A slowdown in EV sales hasn't really materialized despite all the policy softening, so I do see that platinum and palladium will possibly slow down," after a bullish run in 2025, WisdomTree commodities strategist Nitesh Shah said.