A Singapore Government Agency Website
Enterprise Singapore Logo
  • Industries
    • Industry Type
      • Agri-tech
      • Air Transport
      • Built Environment
      • Digital / ICT
      • Electronics
      • Energy & Chemicals
      • Food Manufacturing
      • Food Services
      • Healthcare and Biomedical
      • Land Transport
      • Logistics
      • Marine & Offshore Engineering
      • Precision Engineering
      • Retail
      • Sea Transport
      • Urban Solutions
      • Wholesale Trade
    • Hub
      • Infrastructure Hub
      • Startup Hub
  • Overseas Markets
    • Africa
      • Ghana
      • Ivory Coast
      • Kenya
      • Morocco
      • Mozambique
      • Nigeria
      • South Africa
    • Asia Pacific
      • ASEAN
      • Australia
      • Cambodia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Myanmar
      • Philippines
      • South Korea
      • Thailand
      • Vietnam
    • Europe
      • France
      • Germany
      • Russia
      • Turkey
      • Netherlands
      • United Kingdom
    • Middle East
      • Egypt
      • Israel
      • Jordan
      • Oman
      • Qatar
      • Saudi Arabia
      • United Arab Emirates
    • North & Latin America
      • Brazil
      • Canada
      • Colombia
      • Mexico
      • Peru
      • United States of America
  • Quality & Standards
    • Standards
      • For Companies
      • For Partners
      • E-Alert for Standards
    • Accreditation
      • For Companies
      • For Conformity Assessment Bodies
      • For Partners
      • Mutual Recognition Arrangements (MRAs)
    • Business Excellence
    • Consumer Protection
      • For Suppliers
      • For Consumers
  • Financial Assistance
    • Grants
      • For Startups
      • For Local companies
      • For Partners
    • Loans & Insurance
      • Enterprise Financing Scheme (EFS)
      • Temporary Bridging Loan Programme
      • Internationalisation Finance Scheme (IFS) - Non-Recourse
      • Loan Insurance Scheme (LIS)
      • Political Risk Insurance Scheme (PRIS)
      • Trade Credit Insurance Scheme (TCIS)
    • Tax Incentives
      • Double Tax Deduction for Internationalisation (DTDi)
      • Global Trader Programme
      • Fund Management Incentive (FMI)
      • Section 13H Tax Incentive (S13H)
    • Investments
      • Startup SG Equity
      • Special Situation Fund for Startups (SSFS)
      • SEEDS Capital
      • EDBI
  • Non-Financial Assistance
    • For Singapore Companies
      • Supporting Your Startup Journey
      • Digital Programmes
      • Growth Partnership Programme
      • Business Toolkits
      • Talent Attraction and Development
      • Network of Partners
      • Export Guides
      • Free Trade Agreements
      • New Market Entry Support
    • For Foreign Companies
      • Join Singapore's Startup Hub
      • Living in Singapore
      • Setting Up in Singapore
      • Free Trade Agreements
      • Double Tax Avoidance Agreements
      • International Investment Agreements
    • For Individuals
      • Skills Development for Students
      • Skills Development for Mid-Career Professionals
      • Be Inspired
  • About Us
    • Overview
    • Vision & Mission
    • Board of Directors
    • Strategic Plan
    • Year-in-Review 2019
    • Careers
    • Media Centre
Search
  • Share
  • Home
  • Overseas Markets
  • Africa
  • Morocco
  • Market Profile
Morocco
  • Market Profile
  • Profiled Cities
  • Profiled Industries
  • Doing Business in Morocco
    • Market Guide
    • In-Market Consultants
    • Key Government Agencies and Chambers
    • Singapore's Bilateral Agreements With Morocco
  • Contact Us

Market Profile

Population (2019): 35 million
GDP (2017): US$109.7 billion (S$148.1 billion)1
World Bank “Ease of Doing Business” Rank (2019): 60


Why Morocco

Open business climate
 

Morocco has worked with international organisations such as the International Monetary Fund (IMF) and World Bank to accelerate the pace of economic development over the past few years. The country has now liberalised trade, and is open to the international market. In particular, Morocco is a significant trading partner with the European Union (via France and Spain). The Moroccan dirham has an exchange rate pegged to a basket of currencies, primarily the Euro and US dollar - this has resulted in a low inflation rate of below 2% per annum. Morocco’s telecommunications and IT infrastructures are among its fastest growing sectors - most major cities have networks that are almost 100% fibre optic, giving Morocco an edge in emerging e-commerce markets.

1 https://data.worldbank.org/country/morocco

Strategic geographical location
 

Morocco shares borders with Algeria, the Western Sahara and the Northern Atlantic Ocean. Its north coast is on the Mediterranean Sea, and this provides a logistical advantage as it is only a short distance from France and Spain. Morocco has approximately 1,835 km of coastline, which makes it ideal for transnational merchandise fleets and general shipping. Morocco counts 24 ports which manage 98% of the country’s external trade.

Increasingly educated workforce
 

Under King Mohammed VI, Morocco has made education a national priority. The country has deployed strategies to modernise and enhance the quality of education since 2005. Morocco is home to several high-ranked universities that have been developed in partnership with Canadian and European schools. Singapore investors will find a skilled workforce to draw from when setting up businesses or branches in the country.

Stable government
 

Morocco has experienced continued peace and stability since its independence from France in 1954. Successive administrations have focused on developing the economy and the welfare of Morocco and its citizens. This stability is reassuring for foreign investors as there is less risk of their investments being jeopardised by a military coup, riots or political uproar.2

2 http://www.doingbusiness.org/en/data/exploreeconomies/morocco

 

TOP

Newsletter Sign Up

Get the latest news on how to grow your business - delivered straight to your inbox. Because growing your business is our business.

SUBSCRIBE
  • About Us
  • Media Centre
  • Careers
  • Events
  • E-Services
  • Resources
  • Inspiring Stories
  • Blog

Connect with us

  •  
  •  
  •  
Contact | Feedback
  • Sitemap
  • Terms of Use
  • Privacy Statement
  • Whistle-blowing
  • Report Vulnerability
  • Rate This Website

© 2018 Enterprise Singapore

(Last updated on 12 February 2020 10:52:49)