Morocco is a country in North Africa that is increasingly attracting investment from around the world. The country has a well-developed infrastructure, a strategic location, a young and growing population, and a business-friendly environment, which are among the key factors contributing to the growing investment opportunities in Morocco.
One of the main investment opportunities in Morocco is in the tourism industry. The country is a popular tourist destination, attracting millions of visitors every year, due to its diverse culture, history, and natural beauty. According to the World Travel and Tourism Council (WTTC), tourism contributed to 8.5% of Morocco’s total GDP in 2018 (WTTC, 2018). This sector is expected to grow in the coming years, creating new investment opportunities for both local and foreign investors. For instance, the Moroccan government is investing in the development of new tourist destinations, such as the Taghazout Bay project, which is aimed at creating a world-class destination for surfers and beachgoers (Morocco World News, 2020).
Another investment opportunity in Morocco is in the real estate sector. The country’s growing population and urbanization are contributing to the increasing demand for residential and commercial properties. According to the National Institute of Statistics and Applied Economics (INSEA), the real estate market in Morocco is expected to grow by 7% in 2021 (INSEA, 2020). This growth is attracting investors, who are investing in the construction of new residential and commercial properties, as well as the renovation of existing ones. Additionally, the Moroccan government is providing tax incentives and subsidies to developers who invest in the construction of affordable housing, which is in high demand in the country (Morocco World News, 2020).
The agricultural sector is also another investment opportunity in Morocco. The country is a major producer of agricultural products, such as fruits, vegetables, and grains, which are exported to Europe, the Middle East, and Africa. According to the Ministry of Agriculture, Morocco is the world’s largest exporter of citrus fruits, and the second-largest exporter of phosphates (Ministry of Agriculture, 2019). The sector is expected to grow in the coming years, as the Moroccan government is investing in the modernization of the sector, including the development of new technologies and the improvement of the value chain. This is attracting investment from both local and foreign investors, who are investing in the production and export of agricultural products.
Finally, the renewable energy sector is another investment opportunity in Morocco. The country is investing in the development of renewable energy sources, such as wind, solar, and hydro power, with the aim of reducing its dependence on imported energy and reducing its carbon footprint. According to the Ministry of Energy, Morocco is aiming to produce 52% of its energy from renewable sources by 2030 (Ministry of Energy, 2020). This is attracting investment from international energy companies, who are investing in the development of new renewable energy projects in the country.
