Morocco is the best kingdom for investors to start their own businesses because of the strategic location of the country and the support of the administration. Morocco, officially the Kingdom of Morocco, is the northwestern-most country in the Maghreb region of North Africa. It overlooks the Mediterranean Sea to the north and the Atlantic Ocean to the west and has land borders with Algeria to the east, and Mauritius to the south. Morocco spans an area of 710,850 km2 (274,460 sq mi), with a population of 37 million. Moroccan culture is a vibrant mix of Berber, Arab, and European cultures, and its capital is Rabat, while its largest city is Casablanca.
Located on the southern shore of the Mediterranean, on the northwestern tip of Africa and at the gates of Europe, on the western edge of the Arab and Muslim world and the Maghreb, the Kingdom of Morocco has always been a crossroads of civilizations and today an intersection of major regional groupings.
Morocco is not only a favored destination for tourists and travelers but also an attractive country for foreign investors. Both local and foreign investors are increasingly exploring new business opportunities in Morocco. Being an important player in the EMEA region and featuring high economic growth in recent years, Morocco is now considered a fresh market for new projects and investments. There are many business ideas investors can start up in tourism, commerce, agriculture, and services sectors. Furthermore, the government supports many businesses through administration aid and bank funds, especially small projects in agriculture, internet services, and tourism.
The most important sector to invest in is agriculture and agro-industry related field. The Green Morocco Plan’s strategy concerns a sector that contributes 19% of the GNP, with 15% from agriculture and 4% from the agro-industry, according to the Ministry of Agriculture. This sector employs more than 4 million rural inhabitants and has created approximately 100,000 jobs in the agro-industry sector.
This sector plays a substantial role in the macroeconomic balance of the country. It also plays an important social role as 80% of the 14 million rural inhabitants depend on revenues from the agricultural sector.
Also, it is important to remember that the sector is directly responsible for the food security of 30 million consumers. This reaffirms the critical role that agriculture plays in the economical and social stability of our country. Agro-industry and agriculture bring revenues to the government through import and export and international trade. So, this sector is very important to invest in, especially the national agricultural strategy must deal with several limitations such as insufficient investments.
Morocco offers attractive business incentives and support to foreign investors. For more information check the Invest In Morocco website.