This report states that Morocco is becoming a regional business and export hub with strong geographical and cultural links to sub-Saharan Africa, the Middle East and Europe.
While indicating that investment opportunities will be underpinned by solid economic growth and a competitive business environment, Castlereagh associates recalls that Morocco was ranked, by the World Bank in its latest “Doing business” report for 2019, 53rd among the best countries to do business in the world and 3rd among the best countries in the MENA region.
For Castlereagh associates, this is an evolution compared to its global ranking of 128th in 2010. The report also states that four sectors will be particularly attractive in Morocco, namely export-oriented industry, renewable energy, tourism and logistics services, especially as the kingdom is in the process of strengthening its political and economic ties with sub-Saharan Africa.
According to the report, China’s “Belts and Roads of China” initiative will increasingly attract China’s interest in Morocco, adding that a first wave of Chinese investment in the construction sector will be complemented by a gradual increase in manufacturing investment.
Based in London, Castlereagh associates is an international network of analysts and advisers with expertise in leading-edge analysis on emerging trends in the financial, energy, construction and engineering sectors. Its mission is to meet the needs of investors and companies by providing them with analytical tools that enable them to navigate complex markets, understand potential risks and identify opportunities.