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Today: October 6, 2024
April 7, 2024
1 min read

Investing in Morocco’s Promising Future

TLDR:

  • Rabat aims to increase private investment by 33 billion dollars by 2035
  • Morocco’s investment sector is thriving, with a focus on startups and private equity

Morocco’s future is looking bright as the government focuses on promoting investment in startups and private equity. King Mohammed VI launched the Investment Charter in 2022, aiming to boost private investment from one-third to two-thirds by 2035. The Charter has already attracted $15 billion worth of projects interested in investing in Morocco. Ventures like Mediterrania Capital Partners are planning to invest over $300 million in Moroccan companies in the next five years. The Moroccan Financial Pole is expanding and attracting more private equity firms, turning Morocco into Africa’s leading financial center. With funding reaching $1.07 billion in 250 companies over the past fifteen years, Morocco is experiencing a surge in investments, leading to a more prosperous economy. The country is poised to list more than 300 companies on the stock exchange by 2035, according to Standard & Poor’s. The Mohammed VI Fund will play a crucial role in this growth, set to finance investments of $2 billion by 2029 with plans to raise $15 billion. Morocco is strategically positioning itself as a leading destination for investments, with a focus on both local and international partnerships. Foreign investment in Morocco has been increasing, making the Kingdom the second-largest recipient of foreign investment in Africa. With a projected economic growth of 3.6% by 2027, Morocco is on the path to economic prosperity through strategic investments and partnerships.

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