The North African country encourages foreign investment through its six special economic zones, implementing incentives that range from tax exemptions to subsidies for investment-related expenses. Since the early 2000s, Morocco has introduced three national industrial policies that supported the financing of physical infrastructures in key sectors and the development of the manufacturing sector. One of these policies, the nation’s Industrial Development and Investment Fund, has supported the modernization and development of the industrial sector’s capacity to substitute imported products. Morocco demonstrated its strong commitment to ongoing investment reforms with the introduction of a new investment charter in December 2022. FORBES AFRICA

Source: The North Africa Journal February 03, 2024 11:19 UTC