Rabat – Business Insider’s list of the top best investment destinations in 2022 features Morocco in fifth place.
A liberal economy, coupled with significant growth prospects throughout 2022 all underline Morocco’s placement on the list, according to Business Insider.
Making a similar assessment, data platform Statistista also recently concluded that, with a $124-billion GDP recorded in 2021, Morocco has been Africa’s fifth-largest economy in the past year.
With forecasted GDP growth amounting to 3.2% in 2022, post-COVID economic recovery is well on track for the North African country.
In recent months, Morocco has been garnering international attention as a promising frontier for investors looking to establish a strong foothold in Africa, while maintaining a presence in international markets.
Earlier this month, Morocco ranked 20th on a list of 50 promising emerging countries in terms of logistics infrastructure, according to Agility, a consulting firm.
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Within the ranking, the countries fared even better in terms of a sub-index relating to the business climate. Morocco’s open and robust business climate ranked ninth on the Agility list.
The country’s capital-intensive investment in mega infrastructure projects such as the Tangier Med and Dakhla’s flagship post further boosts its prospects as an investment and manufacturing hub.
Sound fiscal policies resulting in under 2% inflation rates and low interest rates benchmarked at 1.5% all underpin Morocco’s attractiveness as an investment hub, according to converging reports from assessment agencies.
In 2021, Morocco again features as the second-best investment destination in Africa, according to South Africa-based Rand Merchant Bank (RMB).
The bank looked at a wide range of criteria, including political stability, technological growth, and economic resilience in the wake of the COVID-19 fallout. Even at the height of the COVID-19 crisis in 2020, Morocco maintained the same ranking on the RMB list for African investment destinations.
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