The ravages of the health crisis related to the coronavirus continue to disrupt the Moroccan labor market. However, the players are showing optimism that will lead to a new order.
The General Confederation of Moroccan Enterprises (CGEM) had announced on May 7 that a meeting between the confederation and Israeli business organizations was to present the key sectors of the Israeli economy, discuss the business climate and investment opportunities. In a tweet, the CGEM announced its postponement without giving details.
The draft law on the legal use of cannabis is pending examination in parliament. In anticipation of the adoption of this text, several Israeli economic operators have already expressed their interest in investing in this field in Morocco.
The Foreign Exchange Office has designed and posted online a digital brochure on the exchange facilities and benefits granted to Moroccans residing abroad (MRE). From opening accounts to personal foreign exchange allocations, bank loans and guarantees, and foreign exchange investments in Morocco, the office explains everything.
In 2020, the Regional Investment Centers (CRI) participated in the creation of 20,466 new companies in the kingdom. A first post-reform year of the CRI that seems to have already proven itself.
Morocco intends to give a boost to the industrial sector. In this sense, tenders have been launched for a total investment of over $500 million in the form of public-private partnerships.
Over the past ten years, investments by Moroccan companies in the African continent have increased considerably. Thus, Morocco has become one of the leading investors in several economic zones.
For a few years now, Morocco has been suffering from a shortage of healthcare professionals. This situation, which has worsened with the health crisis, calls for emergency measures.
Morocco has made qualitative leaps in the economic field over the past ten years, and aims to be among the 50 best economies in the world.
CGEM and the Council of the Moroccan Community Abroad (CCME) proceeded on Tuesday to sign a framework cooperation agreement aimed at contributing to the Moroccan economy through the mobilization of skills and Moroccan entrepreneurs abroad to invest in their country.
In order to support the continuous development of the port complex, APM Terminals announces the launch of the second phase of the development of APM Terminals MedPort Tanger (Terminal 4). Ultimately, one million TEU (Twenty-Foot Equivalent Unit) containers can be stored there, with a quay that will increase from 1200 to 1600 meters in length.
As of the end of February 2021, the net flow of foreign direct investment (FDI) in Morocco fell by 42.2% compared to the same period in 2020.