Cover of The Report: Morocco 2016

The Report: Morocco 2016

Morocco benefits from its well-developed manufacturing sector, mining industry, agricultural output, proximity to Europe, sizeable diaspora community, low labour costs and market-oriented public policy.

Morocco’s economy is well diversified, particularly relative to many countries in the MENA region. Tourism is a substantial contributor, generating nearly $6bn (€5.4bn) in annual revenues, as is the agricultural sector, which can be susceptible to variations in rainfall. Manufacturing industries include textiles, automotive and aeronautics, while recent years have seen the expansion of the ICT sector, particularly outsourcing. Investment in ports, transport and industrial infrastructure, and the establishment of a free trade zone, have boosted competitiveness and left the kingdom well-positioned to act as a transport hub and business broker across many African markets.

 

OBG & Morocco