Demand for electricity in Morocco has grown rapidly in recent years as a result of steady economic development. Estimates suggest that the country’s installed generation capacity will have to be tripled in order to meet rising demand, which has expanded by an estimated 6-7% annually in recent years. The primary challenge lies in determining...
With successive governments expanding the role that the ICT industry can play in economic development, Morocco’s efforts to develop the sector have produced noticeable results. Growing ICT and telecoms usage and a domestic cluster of offshoring firms have allowed the sector to create employment and make a larger contribution to exports....
Importing the vast majority of its energy, Morocco continues to rely heavily on fossil fuel-based imports. In recent years, the kingdom has made concerted efforts to reduce its energy dependence, implementing renewable energy projects, and introducing an oil and gas exploration programme. It has devised a new and ambitious energy strategy,...
Although the impact of the 2008 global financial crisis can still be felt in Morocco’s real estate sector, signs of recovery are being seen in certain segments. While high-end housing and luxury developments took a hit, prices for quality developments have remained steady, as foreigners, domestic consumers and Moroccans living abroad continue...
Improved connectivity is a key pillar of Morocco’s economic development strategy. Internally, better road and rail links can improve the business environment by reducing transport costs and spreading economic development nationwide. Upgrades will prove particularly effective in bringing investment to more isolated regions. Externally, the...
Faced with a downturn in visitors from traditional source markets located in Europe, in 2015 the Moroccan government adopted a series of measures aimed at diversifying its source markets, which included the creation of air connections to new destinations and the rollout of targeted travel promotion initiatives.
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