For several months, the use of local development companies (LDCs) seems to be the solution to all the evils inherent in the implementation of public projects. The city of Casablanca alone created seven of them between 2008 and 2014, with varying degrees of success and reservation, voiced mainly by locally elected representatives. However,...
New rules are set to be implemented to secure infrastructure; open investments in health care assets and in hospitality assets; ease real estate transactions and financing; and rebalance sales. Investors can look forward to many new developments in the Moroccan real estate legal framework in 2014 and 2015.
This chapter examines different aspects of the legal system in Morocco, in conjunction with Lefèvre Pelletier & associés, focusing on recent banking reforms and the impact of new rules relating to health care and the real estate sector. It also cointains a viewpoint by Romain Berthon and Lina Fassi-Fihri, Partners, Lefèvre Pelletier & associés.
Benefitting from strong ties to both Europe and the Arab world, Morocco has the right ingredients for future growth: low inflation, political stability, an industrial base and a favourable climate. With the outlook improving for Morocco’s trade partners and the lower price of oil – of which the country is a net importer – most observers expect growth to be even stronger in 2015, with estimates ranging from 4.4% to 5.0%.
Following successful completion of the Papua New Guinea liquefied natural gas project, the country is experiencing a surge of optimism about foreign investment and overall economic growth. PNG remains favoured by its traditional investors such as Australia, but it is increasingly a target for new players, including China and Japan.
The establishment of the Conservation and Environment Protection Authority (CEPA) will see significant changes in the ways applicants for, and holders of, environment permits interface with the environmental regulator. CEPA was established under the Conservation and Environment Protection Act 2014 (CEPA Act) and takes over the role formerly...
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