The Casablanca Finance City (CFC) was ranked first in the African continent for the eighth consecutive year, and ranked 56th worldwide, in the the Global Financial Centres Index claiming a spot with the top financial center in the world.
Regionally the center ranked third in the Middle East, and North Africa region (MENA) after Dubai and Abu Dhabi, the financial pole ranked above some notable, and popular financial districts, in the likes of Istanbul, Mumbai, Brussels, Moscow, Sao Paulo, and Doha.
In 2014, Casablanca Finance City joined the Global Financial Centres Index, and in April 2016, it was ranked as the top African financial center.
Several factors helped the CFC secure a good ranking, including tax aspects that balance attractiveness with international standards requirements, Morocco’s strategic location and its openness to the African continent, and the facilitation of procedures for investors, and partnerships with international financial centers.
CFC provides a stable environment, to access Africa’s opportunity while mitigating its complexities. Last year, 60% of revenues came from international companies, half of which are from the African continent, the center offers an attractive package of benefits including doing business facilitations, a community of active members, and access to relevant information on Africa.
Companies in the CFC achieved close to $1.4 billion in revenues, from the 215 companies, whose activities cover 115 countries.
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