The Kingdom is thus propelled to the rank of model on the regional and continental levels. Indeed, the Tangier Med Port, the Atlantic Port of Dakhla, the High-Speed Line (LGV), state-of-the-art airports, nearly 2,000 kilometers of motorway network and many other major projects illustrate, today, this emerging Morocco, which stands out in its immediate regional environment and well beyond.
Thanks to the multiple Royal Initiatives, Morocco has transformed itself into an open-air construction site where strategic projects are developed on the basis of a dual aim: improving the standard of living of Moroccans and establishing the foundations of a competitive economy.
These projects have enabled the Kingdom to equip itself with ultramodern infrastructure and to position itself as an attractive country for foreign investment. In a report by the US State Department on the global investment climate, published on July 17, 2024, Morocco’s strengths and ambitions are highlighted, as a country that “actively encourages and facilitates” foreign investment.
The report notes that the Kingdom is establishing itself as a “regional business hub” and “gateway” to the African continent.
Analysts and international research centers affirm, in this vein, that Morocco has nothing to envy from the large emerging economies, where investors find the best conditions for the success of their projects. This is evidenced, they note, by the projects implemented in the Kingdom, particularly in promising sectors such as aeronautics and the automobile industry.
The Managing Director of the International Monetary Fund, Kristalina Georgieva, welcomes this dynamic of the national economy, which operates according to a vision that makes openness its backbone.
Morocco is a “brilliant” and edifying example of the great potential that the African continent has, she believes, saying she is confident that the Kingdom “is the bearer of the future”.
An opinion shared by the president of the World Bank group, Ajay Banga, who sees the growth achieved by the country as a means of promoting the living conditions of Moroccans.
Thanks to the Sovereign’s clear-sighted leadership, Morocco has strengthened its growth through major projects aimed at diversifying its economy and consolidating its competitiveness, he explains.
Analysts from major financial centers are particularly interested in the breakthroughs made by the Kingdom in the field of the automobile industry. A Moroccan success story that arouses admiration but above all the interest of operators from countries as far away as China.
With its geostrategic position and know-how, Morocco has established itself as a spearhead of this industry on the African continent. Today, the Kingdom is at the top of the list of vehicle-producing countries in Africa, dethroning South Africa in the process.
This strengthened position reflects Morocco’s efforts to attract foreign investment, develop cutting-edge infrastructure and implement business-friendly policies.
Paolo Von Schirach, president of the Global Policy Institute (GPI) in Washington, says that the “enormous” investments and large-scale projects launched in the Kingdom are an illustration of the Royal Will to propel Morocco to higher levels of development.
2024-09-09 07:14:28