Despite the kingdom’s dependence on...
Economy
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In the late 1990s King Mohammed VI chose to use Tangiers as a catalyst for the transformation of the north by turning the historically sidelined region into a motor of the national economy. In the past decade, the region has seen the launch of a new economic development plan, leveraging Tangier’s strategic location at the Strait of Gibraltar. At the confluence of these key maritime routes is...
Chapter | Country Profile from The Report: Morocco 2018
One of the most developed countries in Africa, Morocco is a melting pot of indigenous Berber, African, Arab and European influences. Due to its strategic location and proximity to Europe, the kingdom has been able to accommodate its cultural diversity in a stable and politically inclusive system. The kingdom possesses North Africa’s only constitutional monarchy and has fortified its position...
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.
Chapter | Country Profile from The Report: Oman 2018
Located in the south-eastern quarter of the Arabian Peninsula, Oman is the only member of the GCC situated outside of the Gulf. Leveraging its strategic location, Oman has invested in infrastructure with the goal of becoming a global logistics centre. While the country is less hydrocarbons-rich than its GCC neighbours, diversification efforts are nonetheless a driving force. The sultanate’s...
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.