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Analysis

Upgrades to ports set to turn Morocco into a regional shipment hub
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Morocco has 27 commercial ports that see a combined annual traffic of 92.3m tonnes in goods. The kingdom’s 2030 National Port Strategy, spearheaded by the National Ports Agency (Agence Nationale des Ports, ANP), allocates investment of close to $7.5bn to expand and upgrade the country’s ports along the Atlantic and Mediterranean coasts. The ANP will oversee the management and development…

Analysis

Public sector organisations contribute to Morocco's tech ecosystem
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As one of the main pillars of Morocco’s National Pact for Industrial Emergence, the country’s offshoring sector has undergone a transformation thanks to infrastructure development and policies aimed at making the kingdom the preferred offshore destination in French-speaking Africa and beyond. New Opportunities With global companies moving towards a more Anglo-Saxon organisation style,…

Analysis

Aquaculture in Morocco improves under Halieutis Plan
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Morocco has access to a significant volume of maritime resources. In 2019 the kingdom’s maritime fisheries sector had an output of close to 1.46m tonnes and was valued at nearly Dh11.7bn ($1.2bn), according to the Department of Maritime Fisheries (Département de la Pêche Maritime, DPM). Much of its development strategy has been based on the Halieutis Plan, which was launched in 2009 with…

Analysis

Morocco seeks to grow intra-continental tourism
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Africa’s tourism sector is booming. With a growth rate of 5.6% in 2018, compared with the global average of 3.9%, the continent is home to the second-fasted expanding tourism industry in the world, after the Asia-Pacific region. Representing 8.5% of the continent’s GDP, tourism contributed a total of $194.2bn to African economies in 2018. Multiple governments have recognised the importance…

Analysis

Tourism in Morocco boosted by niche segments such as sport and nature activities
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As policymakers and private stakeholders join forces to chart a new path for the tourism sector, more emphasis is likely to put on the development of niche offerings. Several of these have high-value potential and the ability to attract new segments of international travellers. Niche tourism is the base of the sector’s Vision 2020 plan, which highlights six tourism categories. Ecotourism,…

Analysis

New rules to ease access to credit in Morocco
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Recent legal developments in the kingdom have been marked by the reform of the pledge regime introduced by Law No. 21-18 relating to security over moveable assets, which entered into force on April 22, 2019. In a effort to ensure better access to financing for companies, the reform broadened the guarantees they are able to give to their creditors, in particular real estate security interests.…

Analysis

Green financing attracts investors to Morocco's banking sector
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As businesses and governments worldwide seek to finance the vast investments required for projects to combat climate change and make the global economic model more environmentally sustainable, green bonds have become a popular capital market vehicle. The products are typically structured like a corporate or sovereign bond and asset-linked, but are used to raise money exclusively for sustainable…

Analysis

Morocco increases its sharia-compliant banking offerings
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In the years since Morocco introduced sharia-compliant financial services in early 2017, local players have grown significantly and cultivated a strong market with diversified offerings, including various banking products, Islamic bonds (sukuk) and Islamic insurance (takaful). “Islamic banks, takaful companies, the regulator and other stakeholders are working closely to complete the Islamic…

Analysis

Morocco strengthens regional and international relationships
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In recent years Morocco's foreign policy objectives have focused on spearheading intra-African cooperation, combating extremism and positioning itself at the centre of Europe-Africa relations. On these three and other fronts, the kingdom made notable progress in 2019. EU Partnership Trade relations between Morocco and the EU – the kingdom's main commercial partner – improved in early…

Overview

Helpful travel and cultural information about Morocco
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Language While classic Arabic and Amazigh are Morocco’s official languages, the most widely spoken is the local dialect darija. French is also spoken in business, government circles, schools and universities. It is common to hear people mixing Arabic and French when speaking. Different Berber dialects are spoken in the Atlas Mountains (Rif, Middle Atlas, Anti-Atlas, High Atlas), while Spanish…