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Morocco has emerged as an important destination for foreign investment due to its strategy to attract foreign investors, its strong and diversified economy and its free trade policies towards international capital markets.
Over the past few years the economy of Morocco has been characterized by a stable macro economy, low inflation rate and a relatively stable economy growth. The government continues to enact several and multi sector reforms and pursues to continue liberalizing the economy in order to further stimulate growth and create new jobs in what could be considered an emerging economy. A strong performance indicator is not only supported by international growth data but also by domestic data, such as where investment grew at a Compounded Annual Growth Rate (CAGR) of 13% over the last 10 years, higher than GDP which grew at 10% over the same period. This sustained momentum puts Morocco at an Investment-to-GDP ratio of close to 35% which is considered an above average for comparable emerging markets in this region such as Turkey, Egypt, Tunisia or South Africa.
In the global rankings by the International Finance Corporation (IFC) and the World Bank Morocco triumphed for most improved economy achieving top ranking by simplifying the construction permitting process, easing the administrative burden of tax compliance and providing greater protections to minority shareholders.