According to Morocco’s Minister of Transport and Equipment Karim Ghellab, over the period of 2008-2012, The Kingdom of Morocco has earmarked 11 billion Euros for the country’s transport infrastructure.
Why go Through the Trouble Of Developing The Country’s Infrastructure?
The Minister, who gave a speech during the forum on “The Risks of Under-investment in Infrastructure” which was held in Marrakech, Morocco as part of the WEF (World Economic Forum) on MENA (Middle East and North Africa) region, Ghellab recalled that “in 10 years, Morocco has quadrupled its investments in transport infrastructure”, the minister stressed that an integrated development needs a well-organized infrastructure.
Why Spend All that Money on Improving Transport Infrastructure Huh?
According to the minister “Morocco is capitalizing on the infrastructure”, he noted that improving the country’s infrastructure is most likely to contribute to the development of both the human and economy of the country.
What Should Foreign Investors Expect?
Concerning Morocco’s government policy to successfully attract more FDI (Foreign Direct Investment), Ghellab noted that the kingdom of Morocco has implemented clear sectoral policies, giving an example “Plan Emergence”, in addition to the commencement of a variety of projects i.e. motorway network, Tangier-Med port complex and so on.
Will Financially Challenged Citizens’ Benefit from these Laudable projects?
The Kingdom of Morocco, like any other evolving country, has implemented a variety of programs to control the social deficits and alleviate poverty. The Minister said, citing projects which are specifically aimed at opening up rural areas and supplying potable water.
What is the key Goal of WEF on MENA Anyway?
The WEF (World Economic Forum) on MENA (Middle East and North Africa), this forum (which brings together well known economists and analysts from across the globe) is meant to deal with the most suitable growth and development scheme for the region in circumstances marked by the following:
- Economic downturn
- Water scarcity
- Unstable oil prices
- And immigration.
What Other Areas will WEF on MENA Address?
With the full support of the Kingdom of Morocco’s ruler, His Majesty King Mohammed VI, the forum will also be an avenue to be aware of, collectively, the reality of the post-crisis. This meeting will also address the issue of the sovereign wealth finances and their increasing orientation in the direction of a regional dedication to important sectors such as:
- Health and social systems
- Renewable energy
- Infrastructure development
- Technological advancement
How Many Topics will the Meeting touch?
The forum will touch on 3 themes namely:
- “Regional responses to global risks”
- “Encouraging a Sustainable growth”
- “North Africa: New regions of commercial partnership”.
How Would a Prospective Investor Benefit?
Prospective investors (especially the ones who plan to invest in Morocco’s real estate) will be glad to know that they will not only expect to have access to world class infrastructure but also to tax advantages as well. The Moroccan government has put policies in place to ensure that investors are comfortable. Morocco is truly every investor’s haven – take advantage of the investment opportunities and you will be glad you did.
Filed Under: Economic News of Morocco