What is your overall assessment of the regulatory and tax framework for SMEs?
As moves to increase production in the country are executed, private and public operators are being supported by the development of special economic zones (SEZs) that offer tax breaks and a handful of other advantages to ease the import and export of merchandise.
What measures and incentives have contributed to the growth of the aeronautics industry?
The need to diversify production capacity and create jobs has been pushing Morocco to invest in its industrial sector. Industrial activities have traditionally focused on agro-industrial production; however, the kingdom is looking to leverage burgeoning segments such as automotive and aeronautics. Outlining the expansion of manufacturing under a series of government-led programmes, a host of...
Morocco has long been recognised as one of the most advanced nations in Africa due to its strategic location and sizeable diaspora community, as well as its well-developed manufacturing sector, mining industry and agricultural output.
The effects of lower oil prices continue to be felt in Oman, with budget cuts and spending rationalisation still in evidence across the board. However, higher commodity prices in late 2017 and into early 2018 should provide a welcome boost to state revenues.
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