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Rabat – Morocco has made notable progress in enhancing its business environment, securing a strong position in the World Bank’s second edition of the Business Ready report.
The country ranks second in both Africa and the Arab world, achieving an aggregate score of 63.44 out of 100, a rise from 62.41 in the previous report.
This performance surpasses the global average of 60.11 and exceeds regional benchmarks, including Africa (50.87) and Arab countries (58.31).
The updated report expands its coverage to 101 economies, compared to 50 in the first edition, with 60% of these countries having higher per-capita income than Morocco. Globally, South Korea topped the ranking with a score of 78.24.
Business Ready evaluates ten key aspects of a company’s life cycle, drawing on around 1,200 indicators.
The report examines three pillars: regulatory framework, quality of public services, and operational efficiency.
Morocco improved its scores in regulatory framework (70.06) and public services (64.55), showing particular strength in utilities (80.05), international trade (74.5), business creation (73.95), business location (73.82), and financial services (68.24).
Operational efficiency, however, saw a slight decline to 55.7 points from 59.66, reflecting the expanded pool of countries and reliance on 2023 Enterprise Survey data used in the previous edition.
Overall, the findings signal a positive trajectory for Morocco.
The country outperforms global averages in several key areas, including business creation, infrastructure, and trade facilitation, while making strides in competition and dispute resolution, fostering a more secure environment for businesses.
The report also shows opportunities for improvement in the labor market and mechanisms for addressing business challenges, areas with significant potential to attract private investment.
