Reasons to investĀ
1.Cost Competitiveness
Only 14km south of Europe, Morocco is a competitive platform for export :
2.Strong and Stable Macroeconomic Performances
Preserving macroeconomic stability is a major concern for Moroccan governments. Several actions and structural reforms have been undertaken to put the country on the path of strong and sustainable growth:
3.Free Trade Access to One Billion Consumers
As part of an overall market-opening strategy and liberalization , Morocco proceeded during the last decade to the establishment of a legal framework to boost its trade ties with more than 55 countries.
4.World Class Infrastructure
Morocco, 1st in Africa in terms of infrastructure quality according to Global competitivness Index-WEF 2016-2017 (Mauritius is considered as Dom-Tom)
For over a decade, Morocco launched large-scale projects aimed at elevating its infrastructure to international standards:
Telecommunications infrastructure meeting international standards.
5.Qualified Labor Force
In Morocco, human resources have all the ingredients to become the pivots of a competitive investment and value creator: education level, cultural openness, language skills and new technologies, commitment to entrepreneurship, adaptation capacity to change and competitive labor costs.
6.Sectorial Plans
Morocco launched numerous strategic sectorial plans that ensure strong and sustainable economic growth. This reform momentum is marked by an innovative contracting approach and public private partnership advocating greater and coordinated participation of the private sector in the development of sectoral strategies and policies along with the funding of projects allowing to refocus the Stateās role on its regulatory powers.
These strategies are part of a process to speed the development of strategic sectors like agriculture, fishery, mining, renewable energy, logistics and promising sectors such as automotive, aerospace and services with high added value.
7.Constantly improving business Climate
To promote the investment act, a particular attention is given to improving the business climate. A set of mechanisms to increase competition and transparency was put in place:
Steps to create a company:
8.Attractive incentives for your projects
In addition to the tax exemptions granted under the common law, Moroccan law provides specific financial, tax and customs advantages to investors, as part of agreements or investment contracts to be concluded with the State, provided that they meet the required criteria.
This concerns:
More info: http://www.invest.gov.ma/?lang=en&Id=20
9.Investor Protection
International conventions relating to the guarantee and protection of investments
As part of foreign investment promotion efforts, Morocco has ratified international conventions relating to the guarantee and protection of investment. These include agreements on the establishment of :
Investment Opportunities
1.INDUSTRIAL
The Industrial acceleration plan is a new approach based on the implementation of efficient ecosystems aiming at the integration of the value chains and the consolidation of the local relations between big firms and SMEs .
The strategy, that will extend over the 2014-2020 period, is expected to generate half a million jobs in the sector and substantially increase the share of industry in GDP from the current 14% to 23 %.
Industries included:
2.Solar Energy
As part of its strategy towards energy use, Morocco gives priority to developing renewable energy and sustainable development. With abundant solar resources (a potential of 2 600 kWh/m²/year) and a strategic position at the heart of an energy hub (Connexion with Spanish Network through two electric lines 400kV/700 MW), Morocco offers a wide range of investment opportunities in the sector of thermal and photovoltaic solar energy, including the launch of the following structuring programs:
3.Tourism
Morocco is a tourist destination that has many strengths and clear potential that allowed it to become a highly popular tourist destination. With varied and contrasting landscapes (3500 km of coastline, mountains, deserts …), a rich cultural heritage (imperial cities, old towns, food and crafts), Morocco is a unique and diverse touristic experience only 2h30 flight from major European cities .
4.Agriculture
The agricultural sector contributes with 19% to the national GDP, divided between agriculture (15%) and agro-industry (4%). This sector employs over 4 million people including about 100,000 in agro-industry.
The new agricultural strategy, Green Morocco Plan, established by the Ministry of Agriculture and Fishing, aims to consolidate the success achieved and to meet new challenges facing Morocco’s competitiveness and opening of markets.
5.Fishing Industry
The fishing sector in Morocco has developed an integrated, ambitious and comprehensive development in 2020 called “Halieutis. It aims at upgrading and modernization of various sectors of the fishing industry and improve its competitiveness and performance.
6.Logistics
The National Strategy for the Development of Logistical Competitiveness, which is the subject-matter of a 2010-2015 Compact, provides for the reduction of logistical costs by as much as 20-15% of GDP.
7.ICT
Information Communication and Technology (ICT) usage is essential for the emergence of the knowledge society and can actively contribute to human development, improvement of social cohesion and national economy growth. The challenge for Morocco in the ICT sector for years to come is not only to sustain the progress already made, but also to allow the insertion of Morocco in the global knowledge economy, through amplified and widely distributed integration of ICT across all actors of society: government, governments, businesses and citizens.
8.Retail
Retail contributes to 11% of GDP and employs about 1.2 million people or 12.8% of the labor force in Morocco. Retail has experienced over the past decade, the emergence of new patterns of trade and especially franchise networks and retail.
Companies investing in Morooco
Moroccan Investment and Export Development Agency
Phone :+ 212 537 22 64 00
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