Rabat - Casablanca has been chosen by US magazine Cities and technologies (CITI) among Africa’s top 5 cities for opportunity.
Rabat – Casablanca has been chosen by US magazine Cities and technologies (CITI) among Africa’s top 5 cities for opportunity.
Morocco’s largest city and economic capital ranked fourth in the list, right between Johannesburg (third) and Algiers (fifth.)
“Casablanca triumphed in the hotly-contested economics index, coming first in GDP diversity and as a key location for Top 500 company headquarters — top transport and energy infrastructure rankings no doubt helped in this sense,” CITI said.
However, and like Tunis, the city was let down by poor diversity and population growth, typical of the North African cities surveyed, the magazine added.
North African cities dominated the top five, with Cairo in first position, followed by Tunis.
Last year, Casablanca was ranked the fourth city for opportunities in Africa in a study released by American consulting confirm PricewaterhouseCoopers, LLC (PwC).
The Moroccan economic capital ranked first in “economics” criteria, with a score that reaches 122, and first as the city with the highest number of headquarters of the top 500 companies in Africa.
Casablanca ranked fourth in terms of GDP per capita, and fifth in terms of the attraction of foreign direct investments (FDI).
With regards to infrastructure, Casablanca ranked also first in terms of transportation infrastructure, third in terms of airport connectivity, and fourth in road security.