The westernmost nation in the Arab world, Morocco’s name is derived from an Arabic word meaning ‘the place of the sunset’. With only the Atlantic Ocean to its west, the Mediterranean sea to the north, The Kingdom Morocco shares a land border with Algeria to the east.
Arabic is the country’s official language, though French is widely spoken. Morocco plays an important political role in African affairs, and is the fifth largest economy in the continent by GDP.
Morocco has undergone extensive liberalisation since 1993. One of the most dynamic economies in Africa, the IMF has described Morocco as ‘a pillar of development in the region’.
With its beautiful coastline, warn climate and ancient culture, Morocco is a popular tourist destination – and the industry plays an important role in the Moroccan economy. Industry and mining account for around a third of Moroccan GDP. Agriculture, the traditional mainstay of the Moroccan economy, today accounts for around 15% of national GDP. The country’s manufacturing sector has grown rapidly in recent years, and today employs 40% of the industrial workforce. Clothing and textiles are important sectors of the manufacturing sector.
The Moroccan government has consistently won praise for its effective economic management – investors will find a dynamic economy open to foreign investment.
HLB Morocco offers first-rate services to domestic and foreign investors alike.
Latest insights, case studies and news from across the network
Germany reduces VAT rates to help strengthen economy
To strengthen its economy and to mitigate the economic consequences of COVID-19, the German government announces a reduction of VAT rates.
Business as unusual: Are business leaders ready for life after lockdown?
How are business leaders around the world preparing for life after lockdown and re-opening their businesses?
The ''New Normal'' for hospitality businesses
COVID-19 severely impacted hospitality businesses. As lockdown restrictions are easing up, what does the ”New Normal” look like for owners of restaurants and bars?
Get in touch
Whatever your question our global team will point you in the right directionStart the conversation