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Morocco positions itself as a 'business hub' for Africa

The US think tank Global Policy Institute says that thanks to its modern infrastructure and continuous evolution, the Kingdom is positioning itself as a "business hub" for Africa
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PHOTO/AFP  -   This photograph, taken on June 28, 2019, shows a view of the container cranes at Terminal I of the port of Tangier Med, in the northern city of Tangier

In its article "Morocco's path to development", the US think tank Global Policy Institute, through its president Paolo von Schirach, points out the momentum that Morocco is carrying out in its intention to position itself as a business hub on the African continent, something that it is beginning to achieve. 

In fact, Morocco has improved its position in the World Bank's "Doing Business" ranking, in which it is ranked 53rd. This is due to the special attention that the Kingdom is paying to attract foreign investment. 

Its current prestigious position can be explained by "genuine" efforts to identify and gradually remove legal and administrative obstacles in an attempt to further improve the business climate in Morocco. 

Von Schirach also wanted to emphasise the Moroccan infrastructure, affirming that the port of Tangier Med (23rd in the world and the first in the Mediterranean region), represents the "logistical node" of an increasingly strong industry, that of the Kingdom.  

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REUTERS/YOUSSEF BOUDLAL - Phosphate mine at the Boucraa factory of the Moroccan National Phosphate Company (OCP) located in the southern provinces, 100 km southwest of the city of Laayoune

In addition, the article wanted to highlight the Moroccan high-speed line linking Tangier with Casablanca since 2018 and which plans to expand and increase its offer in other cities of the country, which would be a very important advance in the Kingdom's communications.  

Such infrastructures place Morocco in a "superior category" among developing countries and reinforce the image of the Moroccan economy, which stands out for its ability to establish fruitful partnerships with high-tech industries internationally. 

"Its diversified offer can help many African countries that still rely on old agricultural technologies to transform and modernise their agricultural sectors," says Paolo von Schirach, author of the article.  

Morocco is also a major exporter of fertilisers and agro-industrial services, which has a positive impact on the agricultural economies of the other African countries involved in this sector. 

In addition to all these reforms, the Kingdom is making important efforts to promote gender equality and women's empowerment, something that did not go unnoticed by the group of US experts and researchers