WHY

MOROCCO ?

OCTOBER 2021
WHY MOROCCO ?
PRO-BUSINESS COMPETITIVE SUSTAINABLE

Business-friendly environment with Advanced infrastructure, high Strong Royal vision with ambitious
political stability, resilient economy qualified human resources and energy transition plan to make
and Government incentives strategic position giving access to Morocco among the greenest and
potential markets worldwide lowest carbon platforms in the world
PRO-BUSINESS
STABILITY WITH ROYAL VISION

A CONTINUING DRIVE FOR OPENNESS AND DEMOCRACY

Release energies and restore confidence to accelerate

the march towards progress and prosperity for all

The New Developement Model launched by His Majesty King Mohammed VI

• A productive and diversified economy that creates added value

and quality jobs

• Human capital strengthened and better prepared for the future

• Opportunities for all and a consolidated social link

• Resilient territories, anchor points for development

WHY MOROCCO ? OCTOBER 2021

PRO-BUSINESS
RESILIENT ECONOMY
STRONG MACRO-ECONOMIC FUNDAMENTALS

Ranked
st*
1
Among 141 countries
in terms of inflation rate stability

GDP has tripled in less than 20 years Stable inflation rate maintained under 2% since 2010
(USD Billion) (annual inflation %)

12

x3
113

39 0.7
2000 2020 1980 1985 1990 1995 2000 2005 2010 2015 2020

Source : The World Bank / Global Competitiveness Report WEF 2019 (* Among the countries ranked first)

WHY MOROCCO ? OCTOBER 2021

PRO-BUSINESS
BUSINESS-FRIENDLY ENVIRONMENT
EASINESS FOR BUSINESS TO GROWTH

MORE THAN 50 NON DOUBLE TAXATION AND

1
INVESTMENT PROTECTION AGREEMENTS st
competitive country
in North Africa

NO RESTRICTIONS ON CAPITAL
FOR NON-RESIDENTS

2
nd
most attractive investment
destination in Africa
FREE REPATRIATION OF PROFIT AND
CAPITAL FOR NON-RESIDENTS

Source : WEF / RMB

WHY MOROCCO ? OCTOBER 2021

PRO-BUSINESS
GOVERNMENT INCENTIVES
AN ATTRACTIVE INCENTIVE PACKAGE

GOVERNMENT SPECIAL GOVERNMENT

SUBSIDIES ECONOMIC ZONES SUPPORT

• Investment: tailor-made • Land, office space, and industrial • Support from Moroccan Investment &
offer for investors. plants in main economic zones Export Development Agency (AMDIE):
end-to-end assistance
• Recruitment & Training: financial • Financial support for building and
incentives to cover costs equipment

WHY MOROCCO ? OCTOBER 2021

COMPETITIVE
STRATEGICALLY LOCATED
TANGIER MED PORT, THE 1ST TRANSHIPMENT PLATFORM IN AFRICA

186 14 km 9M
186 connections 14 km from Europe Traitment capacity for
with 77 countries 9 millions of containers per year

Source : UNCTAD, Lloyd’s list 2021

WHY MOROCCO ? OCTOBER 2021

2 to 10 days
COMPETITIVE
ACCES TO MARKETS OF OPPORTUNITIES
MORE THAN 50 FTAS GIVING ACCESS TO 1.3 BILLION CONSUMERS
EAFT (European Assoc. for Free Trade)
(Iceland, Liechtenstein, Norway Switzerland)
FTA with the European Union

FTA with United Kingdom

FTA with Turkey

FTA with the United States of America

FTA with Jordan, Tunisia, Egypt

Arab Maghreb Union
(Algeria, Libya, Mauritania, Tunisia) Greater Arab Free Trade Agreement (GAFTA)
Bahrain, Jordan, Libya, Palestine, Soudan, UAE,
Egypt, Kuwait, Qatar, Syria, Yemen, Iraq,
Lebanon, Oman, Saudi Arabia, Tunisia
FTA with the UAE
African Continental Free Trade Area
(AfCFTA)

WHY MOROCCO ? OCTOBER 2021

COMPETITIVE
WORLD-CLASS INFRASTRUCTURE
1ST IN AFRICA IN TERMS OF INFRASTRUCTURE & DIGITAL CONNECTIVITY

1
Bandwidth per
st
internet user (kbit/s)
high speed train
in Africa
1.8O8 km
Tangier-Casablanca of highways

90,1

31,4

18
airoports
1st in Africa in terms of
2020 Global ICT Regulatory Outlook benchmark
accredited airports across 193 countries worldwide

WHY MOROCCO ? OCTOBER 2021

COMPETITIVE
DEMOGRAPHICS
DYNAMIC, COMPETITIVE AND QUALIFIED LABOR FORCE

COMPETITIVE LABOR FORCE A TALENT POOL

MINIMUM WAGE
($/ month)
• A young and competitive workforce

1218 • 42% population under 25 years

812 • < 5% Turnover in Aerospace

661
566 • Ad hoc training centers jointly
297
developed with investors

• 152.000 graduates per year

• A growing number of partnerships

SPAIN PORTUGAL POLAND ROMANIA MOROCCO
with leading international universities
Source : Global Wage Report 2021/2020 / World Bank

WHY MOROCCO ? OCTOBER 2021

COMPETITIVE
AVAILIBILITY OF INDUSTRIAL LAND
STRATEGIC INDUSTRIAL ZONES ACROSS THE COUNTRY

119
Industrial Zones

>10.000
Industrial operators

7 S pecial economic zones

WHY MOROCCO ? OCTOBER 2021

COMPETITIVE
OUR LEADING GLOBALLY INDUSTRIES
RICH AND DIVERSIFIED INDUSTRIES

AUTOMOTIVE AERONAUTICS TEXTILE

1ST EXPORTING SECTOR +20% ANNUAL GROWTH AMONG THE 1ST INDUSTRIAL EMPLOYER IN
60% LOCAL INTEGRATION RATE +140 AERONAUTICAL OPERATORS MOROCCO

AND MORE …
• ELECTRONICS
• MECHANICAL AND METALWORKING
INDUSTRIES
• CHEMICAL INDUSTRY
• HEAVY TRUCKS
AGRO-INDUSTRY OUTSOURCING PHARMACEUTICAL • PLASTIC PROCESSING
1ST MANUFACTURING SECTOR IN MOROCCO MOROCCO, A COMPETITIVE OUTSOURCING MOROCCO, AFRICAN PHARMACEUTICAL • LEATHER
PLATFORM LABORATORY

WHY MOROCCO ? OCTOBER 2021

S U S TA I N A B L E

G R E E N E N E R GY

52% energy mix by 2030

Morocco’s Renewable Energy Projects Map

Morocco will get 52% of its electricity from

renewable energy sources by 2030, thanks
to an ambitious plan with a strong Royal
vision to increase the share of renewable
energies in the energy mix

0,044 $/Kwh

0,033 $/Kwh

0,022 $/Kwh

The avant-garde renewable energy plan, position

Morocco as one of the most competitive
low-carbon industries in the World
Source : ONEE / Moroccan Agency for Sustainable Energy

WHY MOROCCO ? OCTOBER 2021

Stay connected Open to the World with
2 hours flight to Europe multicultural education
7 hours to North America Major international Schools
7 hours to UAE across the country

A GREAT PLACE TO LIVE

AMONG THE MOST STUNNING COUNTRIES
IN THE WORLD

Art of living and cultural

A unique place to live
heritage
Thanks to a rich & diversified
A multicultural country, recognized
landscape including a serene
as World Heritage by UNESCO
coastline, the desert, the Atlas
The 2nd Best gastronomy in the world mountains and more
Agrobusiness Aerospace

Textile Automotive