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Structural Reforms Continuing
The current government is continuing a series of structural reforms begun in recent years. The most promising reforms have been in the labor market and financial sectors, and privatization has accelerated the sale of Global System for Mobile Communications (GSM) licenses in recent years. Morocco also has liberalized rules for oil and gas exploration and has granted concessions for many public services in major cities. The tender process in Morocco is becoming increasingly transparent. Many believe, however, that the process of economic reform must be accelerated in order to reduce urban unemployment.
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Morocco Investment Highlights
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Racing for Top Spot |
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Having weathered the global financial meltdown, the Casablanca Stock Exchange is stepping up to its central role of financing the Moroccan economy. Over the next few years, Africa's third-largest bourse seeks to double its number of listed companies and... |
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Cement Investments |
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The expansion of Morocco's cement industry seems likely to be sustained over the medium-term, driven by growing demand from the construction sector. Despite some worries over the economic outlook, cement firms and financial institutions remain confident in the market's... |
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Redefining the Role of Fez |
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A new mixed-use project called "Fez City Centre" was inaugurated by King Mohammed VI in the city of Fez on March 11, marking an important step in the ancient capital city's economic and urban development. The project will cover... |
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SNI Buys One-Third of SOMED |
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Société Nationale d'Investissement, (SNI), Morocco's national holding company, has bought one third of Societé Maroc-Emirats Arabes Unis de développement (SOMED), an investment group with interests in tourism, metals, real estate and food production.
Controlled by the Moroccan royal family,... |
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