Doing Business in Morocco
EENI - Business School.
Subject (Course): International Trade and Business in Morocco. Rabat and Casablanca. Syllabus:
- Introduction to the Kingdom of Morocco (The Maghreb).
- Moroccan Economy.
- Key Sectors of the Moroccan Economy:
- Agriculture and Fisheries.
- Domestic trade.
- Moroccan International Trade
- Port of Casablanca
- Business Opportunities in:
- Solar and wind energy
- Information and communication technologies (ICT)
- Real Estate
- Invest in Morocco. Foreign direct investment (FDI).
- Moroccan Investment and Development Agency (MIDA)
- Case Study:
- Tangier Free Zone.
- Business Opportunities in Casablanca
- Business Opportunities in Rabat
- Introduction to Arabic and French
- Access to the Moroccan Market
- Business Plan for Morocco
- Othman Benjelloun (the richest men in Morocco)
- Aziz Akhannouch
- Anas Sefrioui
- Miloud Chaabi
- Mohamed Hassan Bensalah
Objectives of the subject “Doing Business in the Kingdom of Morocco”:
- To analyse the Moroccan economy and foreign trade
- To evaluate business opportunities in the Kingdom of Morocco
- To explore Morocco's trade relations with the student's country
- To know Morocco's Free Trade Agreements (FTA)
- To examine the profile of Moroccan businesspeople
- To develop a business plan for the Moroccan Market
Sample of the subject - Doing Business in Morocco:
Subject Description (Doing Business in Morocco).
The Kingdom of Morocco:
Morocco: an African Frontier Market. The emergence of Moroccan
businessperson in Africa.
- Moroccan Capital: Rabat
- The largest cities in Morocco: Agadir, Essaouira, Fes, Marrakesh, Meknes, Mohammadia, Oujda, Ouarzazate, Safi, Salé, Tangier, and Tetouan.
- The official languages in Morocco: Arabic and Amazighe.
- French is widely used, and Spanish in the North.
- Moroccan Government: Unitary Parliamentary Constitutional
Monarchy. His Majesty the King: King Mohammed VI
- Area: 446,550 square kilometres
- Moroccan Population: 33 millions of people
- Frontiers: Algeria, Western Sahara (Mauritania), and Spain.
- Headquarters of the Islamic Centre for the Development of Trade
are in Morocco.
- Arab Monetary Fund was founded in 1396A.H. in Morocco
- Abolition of slavery in Morocco:
- Independence from France: 1956
Religion in Morocco:
- 99% of the Moroccan population is Muslim Sunni (Islam).
- Fiqh (Islamic Jurisprudence):
- King of Morocco is considered as a direct descendant of the Prophet Mohammed.
Morocco belongs to the Maghrebian Economic Area (Islamic Civilisation
and African Civilisation).
Doing Business in Casablanca:
- The economic development of the Kingdom of Morocco (30 millions of people)
in the last years, allowed to set up the basic infrastructures and improve the socio-educational needs of the Moroccan population.
- Moroccan GDP growth: 4.7%
- Agriculture sector: 15% of GDP.
- Manufacturing: 15% of GDP
- The fiscal deficit: 5.5% of GDP
- The inflation: 1.9%
- High youth unemployment (ages 15-24): 19%
- National Pact for Industrial Emergence (2009-15)
- Moroccan strategic sectors: aeronautics, off-shoring, agribusiness, textiles, electronics, and cars.
- Top Moroccan economic sectors: tourism, industry, fishing, water, housing, and international trade
- Aeronautical industry: 100 enterprises
- Excellent political stability
- Morocco is a frontier market.
- Stable banking sector.
- Weakness: environmental fragility. The Green
Plan of Morocco
- Moroccan Currency: Dirham
- Top trade partners: France, Spain, India, Brazil, China, the United States, and Saudi Arabia.
- Existence of investment, industrial zones and free zones (Tangier, Dakhla, Nador, Kenitra, Kebdan, and Laayoune)
The businessperson Sefrioui Anas (1957) is the third-richest person in Morocco. He is the owner (62%) of Douja Promotion Groupe Addoha.
The Moroccan Businessperson and politician, Miloud Chaabi (1930) is the founder of Ynna Holding and owner of the chain of hotels “Riad Mogador” and supermarket group “Aswak Assalam” in Morocco.
The largest port: Port of Casablanca.
Trans-African corridors: Cairo-Dakar Corridor
The Kingdom of Morocco has preferential access to markets of the
- Arab Maghreb Union (AMU)
- Community of Sahel-Saharan States (CEN-SAD)
- Free Trade Agreement (FTA) with the United States
- Arab Mediterranean Free Trade Agreement (Agadir)
- Trade Preferential System of the Organisation of Islamic Cooperation (TPS-OIC)
- Arab Free Trade Zone
- Free Trade Agreement (FTA) of Morocco with the European Free Trade Association (EFTA)
- Turkey-Morocco Free Trade Agreement (FTA)
- The European Union (Cotonou Agreement), the European Neighbourhood Policy, and the Euro-Mediterranean Partnership
Morocco is a member of:
- Arab League
- Afro-Arab cooperation
- Arab Development Funds in Africa
- Organisation of Islamic Cooperation (OIC)
- Islamic Development Bank
- ESCWA (United Nations Economic and Social Commission for Western Asia)
- African Development Bank
- Economic Commission for Africa (ECA)
- Asia-Middle East (Morocco) Dialogue (AMED)
- Summit of South American-Morocco (ASPA)
- Forum Africa-China
- Summit Africa-India
- Association of Caribbean States (Observer)
- World Trade Organisation (WTO), the World Bank (WB), IMF, UN
Note: Morocco is not a member of the African Union since 1984
Tangier Free Zone:
The United States-Morocco Agreement:
Agreement with the European Free Trade Association