Strengths And Weaknesses Of Morocco
The Kingdom of Morocco has leaped on the train to development in the recent past. The nation which is literally at the cross-roads of different civilizations has entered in a new era of reforms and activity. This has led to the development of a political, social and economic dynamic and synergy that has enabled the country to attract foreign trade relations and investment.
The decision of opening a new facility depends on the business environment of the country. The country should have the consumer base and market potential required for business to run. It should also have the political stability and political support from the government t ensure proper running of the business. It should have the resources necessary for the setting up of the
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The weaknesses that are present in Morocco are slowly being diluted away with time. The domestic market is limited but much more than other countries with very less populations. The dependence on agriculture is the uncertainty that can affect us since the year of bad produce will affect all consumer industries due to reduction in overall consumption. The heavy bureaucracy is a weakness which Morocco administration is working on by bringing reforms and smoothing the processes.
Some of the economic reforms and incentives to attract investors in Morocco:
• Hassan II Economic and Social Development Fund: financial assistance to projects in land acquisition, construction and purchase of buildings and infrastructure
• Investment Promotion Fund(FPI): reduction in land costs and expenses around external infrastructure and training
Morocco provides excellent infrastructure facilities for the development of businesses. The ports of Tangier and Casablanca are major ports and have very high traffic. Although Morocco has become the hub for foreign investments from Europe, there has been a problem of able and trained human resource in the country. The Morocco government has taken a few steps in that direction and started programs for training and teaching of human
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