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A major new financial city and investment regime, Casablanca Finance City (CFC) is in the process of being developed in Morocco’s economic capital, with the aim of transforming it into a major regional investment and finance centre.

 

Already by far Morocco’s largest city and its economic capital, Casablanca is currently going through a major period of redevelopment. The planned large-scale works include substantial improvements to infrastructure, the construction and renovation of new and existing leisure and cultural facilities, and the expansion of the public transport...

 

In 2015 Morocco provided a new impetus for the development of telecoms by launching the rollout of its 4G network, a technology which is expected to generate new revenue streams for operators and drive growth in the knowledge economy.

 

Since its liberalisation in 1997, Morocco’s telecoms sector has experienced substantial growth driven by the entry of new operators, the rapid increase in the number of mobile subscribers and rising consumption of voice and data services. With turnover of around Dh33.5bn (€3.07bn) in 2015, the telecoms sector accounts for 3.5% of Morocco’s GDP...

 

As a result of the early push to develop the country’s ICT sector in the mid-1990s, Morocco has managed to carve out a sizeable niche for itself in selected areas such as offshoring and electronic payments. In 2015 the ICT sector’s contribution to Morocco’s GDP was nearing 3%, mostly made up of hardware, but bolstered by the diversification...

 

Following a slowdown in 2013 caused by various factors, Moroccan construction saw a return to growth in 2014 and 2015, with high demand for housing and investment in infrastructure projects continuing to drive the sector. Although the price of building materials has been adversely affected by the sector’s downturn in recent years, with the...

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