Africa GRI Magazine Vol 3

Page 9

REGIONAL SPOTLIGHT

country in Africa with 39% of FDI in real estate, 15% in tourism and 12% in industry. France remains the biggest investor in Morocco (21%) followed by UAE (13,3%) and Saudi Arabia (12,8%). The strengths of the country are the legal framework, the favorable

Fabrice Léger is the CEO of JLL’s North Africa & Francophone Africa business, advising on real estate, hospitality and infrastructure projects worth over $1 trillion in gross development value.

accompanying measures for investors and also political stability that presents the first attractiveness argument. In fact, the Moroccan government is making an effort to attract investors by

Morocco also provides particular aids

developing its infrastructure (highways,

especially for buildings and property

port of Tangiers Med, High Speed Line

acquisition (excluding agricultural areas).

HSL). Moreover, since 1995, the King-

Tax and customs benefits, free zone

dom has adopted the ‘Investment Char-

areas (Tanger, Kenitra, Dakhla, Laayoune,

ter’ which provides for tax exemption

Nador and others) and offshore banking

for five years. Morocco has also conclud-

regulations are positive points for foreign

ed bilateral agreements with 51 coun-

investors.

tries (including France, Italy and Spain) to protect investors from signatories

In addition to these measures, Morocco

countries.

has great growth potential and a young and abundant workforce.

“Morocco has great growth potential and a young and abundant workforce”

Several projects have been initiated to make the Kingdom a key crossroads between the European Union and Africa. Africa GRI

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