Morocco has a growing economy and is pursuing ambitious sectoral strategies to develop key industries like agriculture, mining, energy, tourism and manufacturing. It offers a business-friendly environment and is well-located with access to Europe and Africa. Major economic reforms and trade agreements give Morocco access to over 1 billion consumers. The country aims to strengthen its role as a hub for investment and trade between Africa and the rest of the world.

1. MOROCCO,
INVESTMENT OPPORTUNITIES
AND BUSINESS CLIMATE
MOROCCAN INVESTMENT AND EXPORTS
DEVELOPMENT AGENCY

2. MOROCCO, BUSINESS CLIMATE

3. MOROCCO OVERVIEW
Capital
Area 710 850 km²
Time Zone GMT (GMT+1 in summer)
Rabat
Institutional
System
Democratic and social
Constitutional
Monarchy
N° of inhabitants 34.5
millions
Languages
Arabic and Amazigh
(official) French. Spanish.
English
GDP 2016
Growth 2016 +1.2%
Inflation Rate
2016
1.6%
103 Billion USD
GDP per capita
2016
3 000 USD
GDP Distribution
(2016)
Primary Sector
Secondary Sector
TertiarySector
14%
29%
57%

4. STRONG
MACROECONOMIC DRIVERS
Morocco has shown resilience to the crisis, posted growth driven by internal demand
and public investment, and controlled inflation
Average
2012-2016
2016
GDPGrowth Inflationrate FDIinflow
growth
Unemploymentrate
Sources :Commissariat au Plan. OfficedesChanges
3.2% 1.5% 6.0% 9.4%
1.2% 1.6% -17.5% 9.4%

5. STRONG
MACROECONOMIC DRIVERS
Morocco has shown resilience to the crisis, posted growth driven by internal demand
and public investment, and controlled inflation
Average
2012-2016
2016
GDPGrowth Inflationrate Unemploymentrate
Sources :Commissariat au Plan. OfficedesChanges
3.2% 1.5% 9.4%
1.2% 1.6% 9.4%
FDIinflow
growth
7.6%
15.4%
Average
2012-2017
2017

6. A BUSINESS ENVIRONMENT
CONDUCIVE TO INVESTMENT
MOROCCO
TUNISIA
TURKEY
USA
QATAR
SOUTHAFRICA
BRAZIL
ROMANIA
SPAIN
JORDAN
FRANCE
LOW
LOW
MEDIUM
LOW
LOW
LOW
LOW
PORTUGAL
LOW LOW
LOW LOW
LOW LOW
MEDIUM MEDIUM
LOW LOW
LOW LOW
MEDIUM MEDIUM MEDIUM
MEDIUM MEDIUM Medium
MEDIUM MEDIUM
MEDIUM MEDIUM MEDIUM
MEDIUM MEDIUM MEDIUM
MEDIUM MEDIUM
ALG%ERIA HIGH HIGH HIGH
EGYPT HIGH HIGH HIGH
Control Risks is a British consulting firm specialized in
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and people since 1975, with operations in 36
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Stable political environment o'ver the last 10years
2015 2016 2017
LOW
MOROCCO RANKED "SAFE DESTINATION" BY THE US STATE DEPARTMENT 2016
MEDIUM
MEDIUM

7. 7
Plus de 50
conventions de
non double
imposition+pro
tection de
l’investissemen
t
3
1
No restrictions to
capital for
non-residents
2
convertibility
regime for foreign
investment
operations (free
transfer income, liquidation
proceeds or disposal)
3
Several bilateral
investment
treaties (BITs) and
bilateral double
taxation treaties
(DTTs)
A BUSINESS ENVIRONMENT
CONDUCIVE TO INVESTMENT

8. 8
IN 8 YEARS, MOROCCO HAS WON 59 RANKS IN THE RANKING DOING BUSINESS
(128TH POSITION IN 2010, 69TH IN 2018 )
3RD AT THE AFRICAN LEVEL
5th AFRICAN COUNTRY IN TERMS OF COMPETITIVENESS ACCORDING TO GLOBAL COMPETITIVENESS INDEX -
WEF 2017-2018
1ST MOST ATTRACTIVE AFRICAN COUNTRY FOR FOREIGN INVESTORS - ERNST & YOUNG AFRICA
ATTRACTIVENESS SURVEY 2017
CASABLANCA RANKED 15TH CITY OF THE FUTURE FOR 2016/17 IN THE AEROSPACE SECTOR AND OVERALL
FDI PROJECT NUMBERS IN TERMS OF INVESTMENT
FDI INTELLIGENCE
28/11/2016
A BUSINESS ENVIRONMENT
CONDUCIVE TO INVESTMENT

9. GEOSTRATEGIC LOCATION
AT THE CROSSROADS OF THE CONTINENTS
Sources:RoyalAirMaroc;COMANAV
Due to its political stability, solidinfrastructure,
and strategic location, Morocco is rapidly becoming a regional
manufacturing and export base for internationalcompanies.
Flight duration
Sea/land route
PARIS
ROME
FRANkFURT
SAO PAULO
NEW YORK
CAIRO
ACCRA
BEIJING
DAKAR
MADRID
22h
30d
3h
4d
18h
25d
1h
1d
2h
2d
3h
3d
2h
2d
4h
4d
4h
5d
7h
10d
7h
DOHA

10. EXCELLENT
INFRASTRUCTURES
Source:Autoroutesdu Maroc,AMDI,UNCTADreport2016
Index of liner shipping connectivity in
Morocco :ranks 16th on the liner shipping
connectivity index (# 1inAfrica)
1st Free Zone on the African Continent
(Financial Times 2016)
5th largest port ofthe Mediterranean sea
.Ideal platform to serveMediterranean
and Western African countries
.Connections to 171 international
ports in 67countries
.Capacity of 9 million containers
in 2017
.Target : Top 15 worldwide
Ports
2 shorelines: Mediterranean and Atlantic
38 ports among which 13 dedicated to foreign trade.
Airports
16 international airoports
Casablanca #1 hub between Europe and Africa
Highways
Network multiplied par 12 in 15 years
Connecting 70% of the population
Tramways
Rabat and Casablanca
1 Billion EURinvestment
Trains
1st high-speed train (Tangier-Casablanca)
available in2018
1.8 Billion EURinvestment
TANGIER MED

11. UNIQUE SET OF FREE TRADE AGREEMENTS GIVING
ACCESS TO 1.3 BILLIONCONSUMERS
In order to foster investment in Morocco, Moroccan Government implemented key administrative,
fiscal, real estate incentives along with several tradeagreements
BILATERAL
AGREEMENTS
UAE – JORDAN -TURKEY
MULTILATERAL
AGREEMENTS
MEDITERRANEAN ARAB
COUNTRIES (AGADIR
DECLARATION)
TRADE
FACILITATION AND
DEVELOPMENT
AGREEMENT
BETWEEN ARAB
COUNTRIES
ECONOMIC GROUPS
FTA MOROCCO –STATES
OF THEEUROPEAN
ASSOCIATION OF FREETRADE
ASSOCIATION AGREEMENT
WITH THE EU
Agreement with
Turkey (2003)
Agadir Agreement (2004)
United Arab Emirates Agreement (2003)
Arab League Agreement (1998)Agreement under negotiations
with the Economic Community
of West African States
(ECOWAS & CEMAC)
Agreement with United
States of America (2005)
Agreement under negotiations
with Canada Association Agreement with
the European Union (1996)
Advanced status granted in 2008

12. MOROCCO :
KEY SECTORS AND INVESTMENT OPPORTUNITIES
Département Etudes et Veille -10082017

13. 13
 Strategies with quantitative targets and adequate means
 Private sector involvement in the development
 Private Investment Opportunities
 Annual assessments made before the Head of State
PRIVATE INVESTMENT: AN IMPORTANT ROLE IN THE SECTORAL STRATEGIES

14. AMBITIOUS SECTORAL
STRATEGIES
•4,6 MMUSD investment
•Gas terminal
•400 km gazoduc
•Combined cycle powerplant
AGRICULTURE : GREEN MOROCCO PLAN 2020
•Turnover x3 1.5 Bn USD
•Investment x10 0.4 Bn USD
•Jobs x2 30 000
MINING SECTOR 2025
LIQUIFIED NATURAL GAS
INDUSTRY : PERFORMANT CLUSTERS STRATEGY 2020
• Industrial GDP to reach 23% of global GDP
• Creation of 500 000 jobs
• Creation of Industrial Development
• Fund: $2.5 Bn
• Allocation of 1 000 hectars of land for rent
• Renewable energy > 40% of
national production by2020 (52%
in 2030)
• Capacity :2 000 MWof solar power
+ 2 000 MW of windpower
ENERGY : MOROCCAN SOLAR PLAN2020
TOURISM : 2020 VISION
•20 million tourists in 2020
• 200 000 new beds
•Tourism GDP: from US$6 billion in 2010
to US$17 billion in 2020
•To modernize the agricultural sector
•US$10 billion in additional GDP from
agriculture
•US$15 billion in public and private
investments

15. INDUSTRIAL ACCELERATION PLAN 2014-2020 :
CREATE THE MOMENTUM FOR THE INDUSTRIALIZATION OF MOROCCO
Succeedin boosting
our
industrialization...
...through thedevelopment
of competitiveclusters
500 000
Jobs created in the industry, half of
them
through foreign investments
+9pts Raise the share of
industry in the GDP
To 23%
0
Rebalance our trade accounts by
promoting exports and
substituting local sourcing to
imports
. Cornerstone of theIAP
. Competitive clusters as a key
to modernize and integrate
each industry
. Industrial fund : 20 Billion
MAD
. Land : 1000hectars
. Dedicated financialproducts
. Coordinated training
programs
. OVsets andimports
substitutionCross-functional aims of the
IAP:
. Rebalance trade
. Include informal economy
. Increase vertical integration
MNC/SMB
JOB
CREATION
ADDED
VALUE
TRADE
BALANCE
INDUSTRIAL
CLUSTER
STRATEGY
SUPPORTIVE
MEASURES
TRADE
BALANCE
AND INCLUSIVE
DEVELOPMENT

16. Mechanical and
Metalworking industries
Automotive Aeronautics Textil
e
Building Material Pharmaceuticals Offshoring
ChemicalsLeather Heavy Trucks
INDUSTRIAL ACCELERATION PLAN :
SOME ALREADY SIGNED PERFORMANCE CONTRACTS

17. MOROCCO,
STRENGTHENING THE SOUTH-SOUTH
PARTNERSHIP

18. 18
• By 2050, Africa's economy would be close
to 10 times bigger than it is today.
• Six of the world’s ten fastest-growing
economies in the world over the last
decade were in Africa. It is expected to be
seven by 2020.
• There is a rise of a consumer society,
which increases demand, boosts local
production and amplifies middle class.
AFRICAN ECONOMIC POTENTIALITIES
The true size of Africa embraces China, the US, India, Eastern Europe and the most
important Western European countries
* Bloomberg

19. 19
MOROCCAN GEOSTRATEGIC VISION TOWARDS AFRICA
•Morocco, under the vision of its King, is keen to strengthen its
position as an African leader. This is marked by the various visits of
His Majesty to different African countries.
•With its $800 millions of investments, Morocco is the 2nd African
investor in the continent after South Africa.
•Morocco is considered as a platform for foreign companies to
project their activities in sub-Saharan Africa due to:
 Deep knowledge of African markets
 Very frequent airline connections
 A strong Moroccan banking sector present in Africa
• Cooperation between Morocco and the other African countries is
expected to strength, in order to reach several sectors where
Morocco can provide its support and experience;
King Mohamed VI meeting Malian President (up)
and Senegalian President (down)

20. 20
20
NORTH AFRICA
WEST AFRICA
EAST AFRICA
CENTRAL AFRICA
SOUTHERN
AFRICA
Banking Insurance TelecomICT & Media Mining
Construction
and Real Estate Pharmaceutical Air transport
MOROCCAN COMPANIES, LARGE FOOTSTEP IN AFRICA

21. THANK YOU
www.invest.gov.ma
www.mcinet.gov.ma
MOROCCAN INVESTMENT AND EXPORTS
DEVELOPMENT AGENCY