Investing in Morocco
The Moroccan economy has gained a solid momentum thanks to the adaptation of public services, the adjustment of the financial system, and the liberalization of the market. As a result, the country has a stable annual growth of around 4% according to the IMF. Thanks to the many bi- and multilateral agreements, Morocco has access to a market of about 1 billion consumers worldwide and the low import duties have made the country attractive to investors.
Why invest in Morocco?
5 reasons to invest in Morocco
Low labour costs
On average, the monthly minimum salary is about 350€ for a worker (payroll expenses included). A general average shows that the average monthly salary is about 530€.
The IMF foresees a GDP growth of 3.7% for 2020 with the main growth in tourism, renewables, industry and agriculture.
Inflation in Morocco has remained below 1% in 2019 and below 2% over the past 5 years.
Through free trade agreements, Morocco gives access to 1 billion consumers.
Morocco is number 1 in Africa in terms of infrastructure quality according to Global Competitiveness Index-WEF 2016-2017.
For more than a decade, Morocco has been launching large-scale projects to elevate its infrastructure to international standards.
Morocco has 17 international airports and several major ports in Tangier, Casablanca, Nador and Agadir.
Morocco has invested heavily in education in recent years. All ingredients are available to meet the needs of every foreign investor: education level, cultural openness, language skills and new technologies, commitment to entrepreneurship, adaptability and competitive labour costs.