The International Development Index produced by Bering Point Consulting showed that the development of Moroccan companies in Africa is heading towards establishing new economic models during the next decade. Indicating that some companies are working on developing new initiatives, proposing adopting new and complementary economic models.
The African destination of Moroccan companies will gain new momentum, as once tariff barriers are lifted, they will enter a market of approximately 1.2 billion people, with a total output of about $ 2.5 trillion.
Moroccan companies maintained an upward trend in expanding and diversifying their investment activities in Africa, within a sectorial map that included banking, communications, fertilizers, real estate, industry, trade, distribution, and areas related to the mining and extractive industries sector.
The interest of companies in expanding private sector investments increased after the countries of the continent launched a continental free trade zone last January with the aim of establishing an economic bloc of 3.4 trillion dollars, to be the largest trade area since the establishment of the World Trade Organization.
African investors believe that Morocco is one of the countries that spearheads investment in a large group of sub-Saharan African countries.
Source (Al-Arab London-based Newspaper, Edited)
