From 206 BCE to 220 CE, China’s Han dynasty fostered a booming trade industry for silk, a precious commodity in high demand among the elites of the Mediterranean. The Silk Road was the name given to the network of trade routes connecting the East and West at the time. Later, spices and other precious cargo would be traded using the system,...
Following several years of global economic uncertainty, budget deficits and unpredictable oil prices, in April 2019 the Council of Ministers approved a long-discussed public-private partnership (PPP) law, expected to be formally enacted in 2020. The new law is intended to clarify and regulate the framework for projects involving both the...
The Moroccan real estate sector recorded a subdued performance on most indicators in 2019, as prices and demand continued to fall or show little improvement. According to the real estate price index published quarterly by Bank Al Maghrib, the country’s central bank, and the National Agency for Land Conservation, Valuation and Cartography (...
Morocco’s construction sector has performed moderately well since the global financial crisis of 2007-08. According to the most recent figures from the Ministry of National Planning, Urban Planning, Housing and Urban Policy, the sector contributed 6.3% to economic growth in 2017, or Dh59bn ($6.1bn), and created 15,000 jobs, including 1000 in...
While public-private partnerships (PPPs) have been used to finance projects in Trinidad and Tobago since the 1990s, the model formally gained institutional backing in 2011 with the creation of a specific policy unit, known as the PPP Unit, which operates within the Investments Division of the Ministry of Finance. Despite this, unlike other Caribbean countries such as Jamaica,...
Around 55% of the world’s population – or 4.2bn people – lived in urban areas in 2018, up from 47% in 2000, according to the UN. Because of the rapid rate of urbanisation, this figure is expected to reach 68% by 2050, with growth concentrated in Latin America, the Middle East and North Africa (MENA), sub-Saharan Africa and Asia. The shift towards the cities put the onus on the...
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