Japanese leading financial paper, Nikkei Asian Review, highlighted the attractiveness of Morocco for foreign direct investment thanks to a conducive legal framework, developed infrastructure, skilled workforce and proximity to European markets.
“Morocco is emerging as a vibrant hub for numerous industries, with a raft of global manufacturers operating and building factories in the country on the northern tip of Africa,” said Nikkei.
The article puts under the spotlights several large-scale investments by global leading companies. In this respect, Nikkei sheds light on the investments of Canada’s giant rail and aircraft manufacturer, Bombardier, in Casablanca where it would make railway-related equipment employing 600 workers for the 40,000-sq.-meter complex, which will also house an engineering center.
The paper also highlights large-scale investments by giant aeronautic manufacturers such as Boeing and Airbus.
In the field of car making, Morocco has crossed a milestone with the setting up of Renault factory in Tangier with an annual production capacity of 340,000 vehicles in 2016.
PSA group is following suit with the establishment of a manufacturing operation with a total capacity 90,000 vehicles by 2019.
Morocco’s “well-developed infrastructure and high standard of public safety” coupled with its free trade agreements with the EU and the US could make Morocco an “export juggernaut” says Nikkei.
The paper adds that political stability and religious tolerant are assets that contribute to Making Morocco a “good export base”