Adapting to the opportunities and challenges of a growing economy, Morocco’s transport sector has improved significantly in recent years, benefitting from an influx of capital and a number of major upgrades. While there is still scope for further improvement, private investment initiatives have contributed to the government-led development...
An influx of capital and a number of major upgrades have improved Morocco’s transport sector significantly in recent years, with private investment initiatives working alongside the state-led development programme. Despite tight budgetary constraints, authorities allocated a large chunk of the 2015 budget towards transport projects, with the biggest slice going to the ports segment, followed...
Benefitting from strong ties to both Europe and the Arab world, Morocco has the right ingredients for future growth: low inflation, political stability, an industrial base and a favourable climate. With the outlook improving for Morocco’s trade partners and the lower price of oil – of which the country is a net importer – most observers expect growth to be even stronger in 2015, with estimates ranging from 4.4% to 5.0%.
The only monarchy in North Africa, Morocco has one of the more diversified GDP mixes in the region, and the mainstays of the economy include agriculture, tourism, and the textiles industry; higher-end manufacturing, IT and communications, and outsourcing are also all becoming increasingly important. The past few years have seen some significant changes, yet the kingdom has remained stable, even amidst the broader regional turmoil.
The Moroccan transport sector has made some great strides in recent years, and projects across the spectrum are ongoing and set for delivery over the next year and a half, in line with the government’s medium-term infrastructure development plans. While major events such as the 2008-09 financial crisis, the ensuing eurozone debt crisis and recent regional political instability have impacted...
With three major highway construction projects planned for 2014-15, Morocco is pushing to expand its already extensive road network. At an estimated cost of around Dh13bn (€1.1bn), the new roads are expected to help to support growth in several sectors, including construction, logistics, mining and industry. Morocco is planning a dramatic...
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