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Investment in industrial activity begins to pay off in Morocco
OBG
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With a vision that it can create jobs and spur growth in other areas of the economy, the Moroccan government has focused considerable attention on developing the kingdom’s industrial sector in recent years. Under the framework of several strategic government plans, key manufacturing segments, including automotive and aeronautic components and agro-industry, have seen injections of capital and the…

Overview

Investment remains strong in Morocco's transport sector
OBG
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Capitalising on its strategic geographic position and promising economic environment, the Moroccan transport sector has made significant strides in recent years. A range of major upgrades and expansions to roads, ports, railways and airports have continued to press forward despite challenges, including the eurozone debt crisis, regional political instability and a tightening of the government budget. Key…

Overview

Renewable projects reshape energy landscape in Morocco
OBG
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In recent years, Morocco has been working to reduce its energy dependency via the implementation of renewable energy projects and the rollout of an ambitious oil and gas exploration programme. Morocco, which has experienced a steady increase in energy consumption of about 5-6% every year over the past 25 years, is expected to see its demand quintuple by 2050. Although it is has little oil and gas reserves,…

Overview

Morocco adapts to challenges posed by climate change
OBG
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In order to harness renewables potential in a bid to reduce oil imports and mitigate the negative impact of energy consumption on the environment, Morocco has established a solid legal framework in recent years to encourage the development of renewable energy and the implementation of energy efficiency strategies. After the signature of a global accord on greenhouse gas emissions in Paris in November…

Overview

New legislation and investments create opportunities in Morocco's real estate sector
OBG
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While Morocco’s real estate sector has fallen after a boom that peaked in 2007 and 2008, recent years have shown signs of a modest recovery. Although the luxury real estate segment has remained depressed as a result of the global economic downturn in 2008-09, government-sponsored financial incentives aimed at attracting developers and builders to the mid-range and affordable housing sector, which…

Overview

Morocco's construction sector moves forward
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Following a slowdown in 2013 caused by various factors, Moroccan construction saw a return to growth in 2014 and 2015, with high demand for housing and investment in infrastructure projects continuing to drive the sector. Although the price of building materials has been adversely affected by the sector’s downturn in recent years, with the steel segment in particular feeling the impact of slow growth…

Overview

New plan and updated legislation provide a boost for Morocco's IT sector
OBG
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As a result of the early push to develop the country’s ICT sector in the mid-1990s, Morocco has managed to carve out a sizeable niche for itself in selected areas such as offshoring and electronic payments. In 2015 the ICT sector’s contribution to Morocco’s GDP was nearing 3%, mostly made up of hardware, but bolstered by the diversification and internationalisation of large sections of the software…

Overview

New investments and expanding penetration support growth in Morocco's telecoms sector
OBG
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Since its liberalisation in 1997, Morocco’s telecoms sector has experienced substantial growth driven by the entry of new operators, the rapid increase in the number of mobile subscribers and rising consumption of voice and data services. With turnover of around Dh33.5bn (€3.07bn) in 2015, the telecoms sector accounts for 3.5% of Morocco’s GDP and is expected to post average annual growth of…

Overview

Works will boost infractructure in Morocco's commercial capital of Casablanca
OBG
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Already by far Morocco’s largest city and its economic capital, Casablanca is currently going through a major period of redevelopment. The planned large-scale works include substantial improvements to infrastructure, the construction and renovation of new and existing leisure and cultural facilities, and the expansion of the public transport network to make the city a more attractive place for both…

Overview

Growing number of malls and supermarkets support Morocco's retail plans
OBG
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While Morocco’s retail sector remains fairly limited, an expanding middle class, increasing urbanisation and a more competitive formal sector are set to propel the industry in the coming years. Strong economic growth has seen the proliferation of malls and supermarkets, and in turn the entrance of an increasing number of foreign brands and franchises into the country. In addition, the availability…