A UNIQUE OPPORTUNITY TO…
- Learn about business opportunities for your company in Morocco
- Assess your development strategy for the Moroccan market
- Hear entrepreneurs discuss their experience on this market
- Meet potential partners and key players for your projects in Morocco
- Evaluate this market’s potential for your business
- Understand the challenges and issues for Quebec companies
As Africa’s fifth largest economic power, Morocco is a dynamic emerging nation. The Moroccan market has been identified as a key partner for Canada within the Francophonie and the Middle East and North Africa region (MENA). This market boasts many attractive attributes for Quebec companies: a sizeable population that is both young and dynamic. Despite the financial crisis in recent years, Morocco has nevertheless had higher rates of growth than the global average. With its strong growth, domestic demand and household consumption are on the rise.
There are a number of economic centres throughout Morocco. Grand Casablanca, the most densely populated city (5 million inhabitants) is considered to be Morocco’s economic capital. The city is also home to Africa’s second largest financial centre (Casablanca Finance City), which recently signed a memorandum of understanding and cooperation with Montreal’s financial centre.
Trade relations between Canada and Morocco have intensified and diversified over the past ten years. In 2013, bilateral trade in goods between Canada and Morocco exceeded $700 million.
For the past few years, the Canadian and Moroccan governments have been taking part in exploratory discussions on the possibility of opening negotiations for a free trade agreement (FTA). Demonstrating Canadian interest in Morocco, Bombardier Aeronautics has already invested $200 million to build a factory on the outskirts of Casablanca.
|Morocco, facts and figures:
- A GDP of $114.3 billion USD (2014)
- A country with sustained growth; IMF estimate: 4.4% (2015)
- $440.07 million CAD in imports from Canada
- Main imports: energy products, capital goods, consumer goods, semi-finished products
- A stable political environment
- A country open to outside markets, and the signatory of free trade agreements with several other countries including the United States and the European Union
- A free trade agreement in the works with Canada
- Key sectors: automotive, aeronautics, renewable energy, construction and infrastructure, tourism, mining and metals, telecommunications, agriculture, services, and transportation
WHO SHOULD ATTEND?
All companies seeking to develop their business in Morocco, or looking to learn more about this market. The activity will be of particular interest to companies in the following sectors:
Awaken your interest in the Land of the Setting Sun.
- Engineering companies/firms
- Investors and financial institutions
- Automobiles and trucks
- Construction and infrastructure
- Biotechnology/Life sciences
- Green technology
- Information technology and telecommunications
- Petroleum and natural gas
- Mining and metals
- International project management advisors
- Companies with experience on the Moroccan market