Investment property in Morocco
Buying Guide
Economic Drivers
Focusing on long-term stability and development
Morocco realizes that reducing poverty and creating jobs is the only way to long-term stability and development and has signed two key free trade agreements in order to increase Foreign Direct Investment.
Driving up foreign trade and investment
In 2004 Morocco signed a free trade agreement with the US, which came into force 1 January 2006, meaning that 98% of bilateral trade in consumer and industrial products is duty free (previously subject to tariffs of up to 20%).
Morocco has also signed up to a European-Mediterranean free zone incorporating 27 countries and to come into effect in 2010.
Foreign Direct Investment in Morocco has been increasing year-on-year and rose from 1.07 billion USD in 2004 to 2.9 billion USD in 2005.
France remains intrinsically linked to the Moroccan economy being the first creditor and first foreign investor in Morocco as well as the primary trade partner - supplier and customer.
Tourism objectives
Tourism is seen as a solution to Morocco's overdependence on unreliable agriculture and indeed with a rich landscape and year-round sunshine, the country has much to offer.
King Mohammed VI is doing much to incentivise tourism with a target of 10 million visitors annually by 2010.
Key facts
- Signed two key free trade agreements to increase Foreign Direct Investment
- A free trade agreement with the US, in force since 2006, removed tariffs of up to 20% on 98% of bilateral trade in consumer and industrial products
- Morocco is one of 27 countries signed up to the European-Mediterranean free zone which comes into effect in 2010
- Foreign Direct Investment in Morocco has been increasing annually and between 2004 and 2005 rose from 1.07 billion USD to 2.9 billion USD
- France remains Morocco's primary trade partner - supplier and customer
- Economic plans seek to increase tourism's contribution and reduce reliance on agriculture
- King Mohammed VI has set a target of 10 million visitors annually by 2010
Downloadable Reports and Documents
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