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  • Newsweek

    Morocco: The world’s gateway to Africa

    Dec 13, 2019 5 minutes

    Morocco is the African hotspot for foreign direct investment (FDI), says the kingdom’s Head of Government Saad Dine El Otmani.

    Agriculture and services are vital to its economy but “A large amount of FDI is going toward industry as Morocco is placing more importance on this within its development model,” he states, highlighting the automotive, aviation, technology, renewable energy and mining industries as being particularly attractive. There are many reasons for Morocco’s success, including a stability fostered by King Mohammed VI, a prominent regional and global influence, says El Otmani: “Morocco is an African country at the door of Europe. We have free trade agreements with almost 50 countries.”

    Since 2016, the government has introduced around 60 reforms to optimize the business climate, he notes. In collaboration with unions and employers’ organizations, it is also focusing

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