Morocco - Best Business Opportunities, Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship

Description:

INTRODUCTION

Morocco is a country in theMaghreb region of North Africa. Geographically, Morocco is characterized by arugged mountainous interior and large portion of desert. Its political capital is Rabat, although the largestcity is Casablanca; other major cities include Marrakesh, Tangier, Tetouan,Salé, Fes, Agadir, Meknes, Oujda, Kenitra, and Nador.

BUSINESS SECTORS

AgricultureSector:Agriculture accounts for only around 14% ofGDP but employs 40–45% of the Moroccan working population. Thus, it is thelargest employer in the country.  Moroccanagricultural production also consists of orange, tomatoes, potatoes, olives,and olive oil. High quality agricultural products are usually exported toEurope. Morocco produces enough food for domestic consumption except forgrains, sugar, coffee and tea. Agriculture industry in Morocco enjoys acomplete tax exemption. Main products of this country are as follows:

Fishing Industry:The fishingindustry in Morocco is a leading foreign exchange earner, accounting for 56% ofagricultural and 16% of total exports. The objectives assigned to the fisherysector were (1) to contribute to nutritional status of the population byincreasing the fish consumption, (2) to improve the balance of payments by fishexports for hard currencies and (3) to provide employment. In this framework,investments have been made to set up new infrastructure, to survey new markets,to train the workforce and to institute reforms.

Tourism and Travels:Tourism inMorocco is well developed, with a strong tourist industry focused on thecountry's coast, culture, and history. Travel and tourism in Morocco continuedto grow substantially during 2014, recording more than 14 million domestic andinbound trips. Morocco's relatively high amount of tourists has been aided byits location, tourist attractions, and relatively low price. Morocco has anexcellent road and rail infrastructure that links the major cities and touristdestinations with ports and cities with international airports. Low-costairlines offer cheap flights to the country.

Mining and Mineral:The Mining andMineral industry of Morocco is important to the national economy. The miningsector is one of the pillars of Morocco's economy. Morocco excelled in itsrichness of mineral deposits and in 2010 the country was the third leadingproducer and a leading exporter of phosphate in the world.  Morocco and the country’s mineral industryplayed a significant role in boosting the national economy thanks to increasein production and export of phosphate.  Expertsfeel that Morocco has the potential for mining silver, zinc, cobalt and magnesium.

Textile and Clothing:Textile andclothing form a major industry in Morocco. The textile and clothing sector ofthe western North African country of Morocco has been experiencing majordevelopment. The Textile & Clothing industry is one of the oldest, largestand most global industries in the world. Textile & Clothing offers a rangeof opportunities including entry-level jobs for unskilled labour in developingcountries.

The sector covers five types of activity:

Warp and woof

Knitted fabric

Jeans

Sportswear

Household textiles

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