Thanks to modern infrastructures and a vision with well-defined contours, Morocco is positioning itself as a “business hub” towards Africa, underlines Global Policy Institute, an American think tank based in Washington.
In an article entitled “Morocco’s path to development” signed by its president Paolo von Schirach, the think tank notes that Morocco is not skimping on the means to further improve the business climate and attract more foreign direct investment while by consolidating its investment strategy in sub-Saharan African countries.
He recalls, in this context, that the Kingdom has confirmed its stature among the countries that pay particular attention to foreign investment, recalling that in recent years, Morocco has significantly improved its position in the “very important” ranking “Doing Business ” of the World Bank (53rd).
This rise is explained by “genuine” efforts aimed at identifying and gradually eliminating obstacles of a legal, regulatory and administrative nature, the aim being to further improve the business climate in the Kingdom, he notes.
Evoking the infrastructures which make the distinctive mark of Morocco, Von Schirach underlined that the port of Tangier Med, the 23rd in the world and the first at the level of the Mediterranean rim, represents the “logistical node” of a vast and diversified that includes OEMs from the aerospace and automotive industries.
The author of the article also notes that Morocco, which has the first high-speed line in Africa which has linked Tangier to Casablanca since 2018, plans to repeat this experience in other cities of the Kingdom.
Such world-class structures place Morocco in a “higher category” of developing countries and reinforce the image of a modern Moroccan economy able to forge partnerships with high-tech industries throughout the world.
For the American think tank, Morocco is also positioned as a major exporter of fertilizers and agro-industrial services, stressing that the Cherifian Office of Phosphates (OCP), through its African subsidiary, has developed considerably in recent years. years.
“Its diversified offerings can help many African countries that still rely on old agricultural technologies, so that they can transform and modernize their agricultural sectors,” observes the author of the article.
In addition to this reform dynamic in the Kingdom, there are notable efforts to promote gender equality and the empowerment of women, notes the American think tank and research.