Considerable advances have been made in increasing enrolment levels, with net primary school enrolment reaching 98% in 2013, up from 85% in 2003, although challenges remain in ensuring adequate access to education in rural areas. The government has worked to improve infrastructure through the rehabilitation of schools and the involvement of the private sector. An emphasis on vocational...
The Rawaj Vision 2020 development plan devised by the Ministry of Trade, Industry and New Technologies aims to grow the retail sector’s contribution to GDP from 11% to 15% and generate 450,000 new jobs. As consumer confidence returns to the economy, new mall developments have sprung up, alongside an influx of foreign brands and franchises into the country. Although it continues to be dominated...
Despite grappling with the challenges of political instability in North Africa and the impact of the eurozone crisis in Europe, Morocco continues to pursue the objective identified in its national tourism development plan, Vision 2020, of becoming a top-20 tourism destination by 2020. The sector already contributes 12% of GDP, supports around 505,000 direct jobs and is an important foreign...
Although Morocco’s economy has traditionally seen the highest concentration of economic activity around the major cities of Casablanca, Rabat and Tangiers, several initiatives have sought to increase investment in the country’s southern region. The area benefits from a number of natural resources, including pelagic fish and mineral reserves. Wind and solar generation, as well as ecotourism,...
As the only country in North Africa without commercially relevant oil or gas reserves, Morocco relies heavily on foreign energy imports to meet domestic demand. To counter this dependence, the government has embarked on a range of reforms to boost renewable energy sources. These efforts are concentrated around solar, wind and hydroelectricity, which together are expected to comprise 42% of the...
Estimated at around 5% of GDP, the telecommunications sector has greatly expanded over the last few years, even by emerging market standards. Mobile and internet penetration have increased on the back of reduced prices and a rise in foreign investment, with the mobile segment leading growth in usage volumes. Moreover, the government has led a push to encourage infrastructure sharing, on the...
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