The Canada Arab Business Council (CABC) has just published its monthly newsletter fully dedicated to investment and business opportunities in Morocco.
In this special issue, CABC gives an overview of the free trade agreements signed by the Kingdom with the rest of the world as well as the global ranking of Morocco’s economy based on international performance indicators for innovation, logistics, connectivity, country risk, attractiveness and economic resilience.
The monthly newsletter, featuring photos of the main projects carried out in Morocco, provides information on the Kingdom’s 2021-2023 Industrial Recovery Plan, which aims to promote industrial ecosystems, competitiveness and exports through decarbonization.
The document focuses on the incentives granted to Moroccan and foreign investors wishing to develop their projects in targeted sectors. These incentives include the State’s participation in the cost of land acquisition, assistance to vocational training and exemption from import duties and taxes for capital goods, materials and tools.
Morocco’s leadership in the field of solar energy is increasingly consolidated, reads the newsletter, recalling that the Kingdom is home to the largest solar power plant in the world.
Morocco is working for the development of this sector through large-scale projects and incentives to attract new foreign investment in this sector, according to the same source.
Trade between Morocco and Canada reached 980 million Canadian dollars in 2019. The figure highlights the importance of bilateral economic relations and confirms the confidence Moroccan economy enjoys with Canadian companies operating in several advanced industrial sectors.
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