Exporting to Morocco
Ease of doing business
Morocco is increasingly recognised for ease of doing business. It ranks third in Africa and second in the Middle East in the World Bank’s 2019 Ease of Doing Business report, and is the top African investment destination according to the Africa Investment Index 2018. Casablanca Finance City offers support to companies wishing to invest.
Economic growth and reform
Morocco’s economy has benefited from consistent growth and a stable macroeconomic framework. The country came through the turbulent period of the 2011 Arab Spring in relatively good shape. Reforms have have stimulated competition, encouraging innovation and creating new jobs.
Trade links with the UK
Bilateral trade between the UK and Morocco totalled £2.2 billion in 2018. Casablanca Stock Exchange has a partnership with the London Stock Exchange and the British-Moroccan Chamber of Commerce can assist companies new to the market. Morocco is a popular destination for British tourists.
Opportunities for exporters
There are opportunities in Morocco for UK businesses in education, energy (both hydrocarbons and renewables), infrastructure, and financial and professional services. There is also potential in Morocco’s defence, creative industries, healthcare and mining sectors.
Stock exchange partnership
The Casablanca Stock Exchange is one of the largest in Africa and aspires to be the regional hub. The London Stock Exchange was selected as a strategic and technology partner for the Casablanca Stock Exchange. The two stock exchanges have signed a partnership to support the development of Moroccan capital markets.
Casablanca Finance City
Casablanca Finance City offers UK companies the opportunity to set up an office in Casablanca and take advantage of a range of special measures to reduce costs. It can also serve as a useful base to explore francophone African markets.
Respect for UK financial institutions
The City of London and UK financial institutions are highly regarded in Morocco. The Stock Exchange partnership and the London Stock Exchange’s Elite programme, as well as LSE Group’s Companies to Inspire Africa programme, help to maintain this relationship.
Morocco has an ambitious strategy to develop renewable energy resources focusing on awareness of environmental issues and the need for energy efficiency. This presents significant opportunities for UK companies with expertise in this area.
Three British companies, Sound Energy, SDX and Predator Oil and Gas, are currently prospecting for hydrocarbons in Morocco. Tenders are published by the National Office of Hydrocarbons and Mines (ONHYM).
Safety and security
Regard for UK goods
British security products and services are recognised as high quality. A delegation, with the Department for International Trade Defence and Security Organisation (DSO) in attendance, joined the World Border Congress in Casablanca in 2019 and were sufficiently encouraged by their welcome by Moroccan security sector contacts.
Demand for UK immigration expertise
Firms demonstrating expertise in controlling illegal migration and violent extremism were welcomed by Moroccan counterparts at the World Border Congress. Illegal migrants passing through the country is a problem for Morocco.
Education and training
Moroccan government backing
The Moroccan government would welcome greater engagement by UK education providers. The Minister for Education has expressed an aim to have some subjects taught in English.
Demand for UK curriculum teaching
Morocco has several cities which can accommodate a British curriculum school. Investors from the cities of Rabat, Marrakech, Casablanca, Tangiers and Meknes are already in contact with the Department for International Trade (DIT) in Morocco.
UK university partnerships
The UK is popular and UK universities, highly placed on global league tables, are a draw for Moroccan students. Morocco is open to partnerships beyond its neighbours.
Construction and infrastructure
Opportunities in urban and national transport infrastructure projects include new motorways, road and rail construction, and ports and airport upgrades.
Projects for the construction of new towns and industrial areas in urban Morocco offer significant opportunities for UK companies.
There are promising business opportunities for UK companies in the construction of leisure facilities, hotels and resorts in Morocco.