This is confirmed by the latest list compiled by Business Insiders, which highlights the solidity and strength of the Moroccan economy and expects great prospects for the future

Marruecos figura en el quinto puesto de los mejores lugares para invertir de África

photo_camera PHOTO/TANGER MED - General view of the port of Tangier Med 2

Business Insiders, a US digital newspaper expert in economics and financial and business news, has drawn up a list in which it ranks Morocco as the fifth country in Africa to invest in. In addition, during 2021, the Kingdom was also the fifth largest economy on the continent, with a GDP of $124 billion. The ranking indicates that, by 2022, the Moroccan economy will grow considerably thanks to investments.

Morocco's inclusion on this list is no coincidence, the online media outlet says. Its strength in economic terms and its positive growth prospects indicate that the Alawi country is set to become a major investment hub, both in Africa and globally. In addition, the Kingdom has a liberal economy, so it looks set for a booming future in the coming years.

By the end of 2022, the national GDP is expected to grow to 3.2%, so the economic recovery from the effects of the coronavirus pandemic and all its ravages is bearing fruit and seems to be on the right track.

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Morocco has long been a target for several countries. The conditions and opportunities it provides for international investors who want to set up in the country are quite effective and, in addition, setting up in the Kingdom has the direct consequence that any company can make its way into the African market. This is something that has been a trend for several years and many companies have taken advantage of the opportunity. The country's fiscal policies are accompanied by an inflation rate of less than 2% and, in turn, low interest rates of 1.5%.

Experts point out that this is due to the Moroccan government's heavy investment in the creation of mega-projects and large infrastructures, such as Tangier Med and the port of Dakhla. Since their implementation, these two enclaves, as well as others with the same characteristics, have boosted the national economy and have been able to boost business expectations that have led to the qualification of these places as investment centres.

In addition, during the month of February, the economic consultancy Agility, placed Morocco in twentieth position in a ranking of the 50 most emerging and promising countries in the world in terms of logistics infrastructure. It also stresses that Morocco has a very open and solid business climate, which speaks of a promising future on a global level.

It is also important to note that during 2021 and according to the assessment made by Rand Merchant Bank (RMB), a South African-based banking institution, Morocco is ranked as the second best investment destination in Africa. The bank argued that this decision is based on a series of criteria that the Alawi country has more than met. These include its political stability, growth in the field of technology and even its economic resilience after the arrival of the coronavirus in 2020. The financial platform highlights that the Kingdom was still in second place even at the worst moment of the virus crisis. 

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Flavia Palanza, director of operations of the European Investment Bank (EIB) in neighbouring countries of the European Union, has highlighted the large investments made in Morocco and points out that it is one of the most active markets in Africa. Among other things, she highlighted the role of non-bank financial institutions in the Kingdom, saying that they are growing and their support for SMEs is essential.

"The EIB has been a private equity investor in Morocco since 1999 and since then has committed EUR 354 million (as of December 2021) in 30 private equity funds, with 58 active investments in private companies for a total amount of EUR 465.5 million (as of December 2021)," she adds.
 

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