Home Economy Doing Business 2017: Morocco Ranked 1st in North Africa, 4th in MENA

Doing Business 2017: Morocco Ranked 1st in North Africa, 4th in MENA

Morocco, Egypt, Botswana, Best African Destinations for Foreign Direct Investments

Rabat – The World Bank Report “Doing Business 2017” ranked Morocco at the 68th place among 190 economies, which puts the Kingdom at the top of North African countries, 3rd at the African level and 4th in the MENA region.

A statement by the head of government’s office said that this new ranking, issued on Tuesday, confirms the positive evolution and continued development posted over the past five years in Morocco, a fact that improved the country’s international ranking and helped it move from the 97th spot in 2012 to the 68th spot currently.

The report bases its assessment on criteria such as: starting a business, dealing with construction permits, getting electricity, registering property, paying taxes, protecting minority investors, getting credit, trading across borders, enforcing contracts and resolving insolvency.

Brunei Darussalam, Kazakhstan, Kenya, Belarus, Indonesia, Serbia, Georgia, Pakistan, the United Arab Emirates, and Bahrain were the most improved economies in 2015/16 in areas tracked by Doing Business. Together, these 10 top improvers implemented 48 regulatory reforms making it easier to do business.

Previous articleBenkirane: Our Party’s Islamic Reference is Not Important
Next articleMohammed VI Mosque of Dar es Salaam, Precious Gift for Muslims in Tanzania: Mufti