Morocco’s tourism sector has undergone a major shift in recent years in large measure due to the implementation of the Moroccan National Tourism Office’s (ONMT) Vision 2020 programme, which seeks to attract 20m tourists by 2020. The programme also aims at raising the country’s “sun and surf” profile, boosting annual revenues to Dh140bn (€12.43bn), increasing hotel bed capacity to 375,000 and...
Morocco’s insurance market has become more competitive in recent years. It is now Africa’s second-largest insurance market in terms of penetration after South Africa and the third-largest in the Middle East and North Africa after Saudi Arabia and the UAE. Total premiums in 2012 reached €2.3bn, up 8.9% on the previous year. Non-life premiums – thanks to automobile coverage – continued to...
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...
Anchored by the port city of Tangiers, Morocco’s diverse northern region has undergone a significant transformation in the past 10 years thanks in large part to efforts to decentralise governance, boost local infrastructure and encourage industrial growth. The crux of these efforts is an integrated economic development plan that aims to capitalise on the region’s location at the juncture of...
The Moroccan construction sector witnessed a significant slowdown in 2013 due to a confluence of factors, including regional instability and a shortage of access to financing. Cement consumption, which is considered a key performance indicator, dropped from 15.87m tonnes in 2012 to 14.87m tonnes in 2013. Nevertheless, the Ministry of Habitat and Urban Planning continued to help drive sector...
Unfavourable weather conditions characterised by cold temperatures and drought took their toll on a number of key crops in 2012. However, better weather conditions and abundant rainfall in 2013 allowed for higher domestic production, particularly in the cereals segment, which produced 9.7m tonnes, up 89% compared to 2012. Morocco’s primary sector still plays a significant role in terms of job...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×