Business in Morocco. Moroccan economy. Foreign Trade. Rabat, Casablanca, Tanger

Course contents (Business Muslims Countries - Business Africa)

Summary

The economic and social development which has been taking place in Morocco during the last decades allowed to set up the basic infrastructures of the national economy and answer the socio-educational needs of the population. Several sectors grew considerably such as tourism, industry, fishing, water, housing, etc.

This development brought about an increasing exploitation of natural resources and a degradation of the environment due to the emission of liquid, gas and solid discharges in the absence of technical and statutory measures which can face this degradation (the cost of the environment degradation exceeded 8 % of the GDP.

According to the results of the general population and housing census in 2004, the population of Morocco reached 29.891.708 inhabitants, including 29.840.273 Moroccans and 51.435 foreigners. That is to say a 14,6 % progress in comparison to 1994. Regardless of its geographic localization on the national territory, the population comprises 16.463.634 city-dwellers against 13.428.074 countrymen, i.e. an urbanization rate amounting to 55,1 %.

The biggest incentive for businesses hoping to invest in Morocco is the Morocco - U.S. Free Trade Agreement, a measure that offers American exporters greater access to Moroccan markets, and gives U.S. businesses based in Morocco virtually unlimited access to markets in Europe, North Africa, the Middle East, and Turkey.

In the early 1980s, the government began an ambitious privatization program that called for the sale of many state-run enterprises, including portions of the energy sector. The 1989 Privatization Law accelerated the sale of state-owned sectors; to date, the sales push has resulted in the commercial acquisition of 114 companies.

Available Languages :

Business in Morocco. Moroccan economy. FForeign Trade. Rabat, Casablanca, Tanger, Doing Business, Sectors, tourism, industry, fishing, water, housing, Foreign Direct Investment, U.S. Free Trade Agreement, Privatization, Master, International Business