Morocco “spectacular” Economic Growth in Major Sectorial Projects

Madrid – Economic growth recorded in Morocco since the enthronement of HM King Mohammed VI is “dramatic and important,” stressed the Spanish business leaders at a conference held Monday in the Spanish Parliament Congress.

Morocco has taken significant steps to strengthen its business base and diversify its economy, and has made significant progress in all sectors, they said at this conference organized as part of a seminar on advanced recorded in Morocco initiated by the Morocco Friends Club in Spain and the University of King Juan Carlos, in collaboration with the Association of Former Spanish MPs.

Thus, the Vice President of the National Commission of markets and competition (CMBC), Maria Fernandez Perez, focused on “the spectacular economic growth” experienced by Morocco in recent years and thanks to projects Major launched in various sectors, recalling that Morocco’s GDP recorded an average growth of 4 per cent during the last decade.

“The establishment of strong and effective macroeconomic policies and structural reforms will enable Morocco to maintain its course of growth in the coming years,” Ms. Fernandez Perez estimated, saluting the relevant choice of Morocco to implement sectoral strategies to develop its economy.

With this economic policy, Morocco has become a platform of choice for Spanish investors, she noted, recalling that the Kingdom is positioned as the leading destination for Spanish direct investment in Africa.

For its part, Aldo Olcese, president of Fincorp Mediaci? N and the Advisory Board of Suma Capital, Capital Management Company Risk and Development, said that Morocco has a developing “important” in recent years in the political, economic and institutional, which makes the Kingdom an “example to follow in the region” because of its “stability and plurality.”

Institutional reforms and Morocco’s firm commitment to democratic consolidation have enabled Morocco to enjoy the advanced status in its relations with the EU and to conclude a free trade agreement with the United States, said Olcese also Vice President of the Club of Friends of Morocco in Spain, which paid tribute to the wise vision of His Majesty the King of Morocco to develop relations with African countries.

The seminar on the progress made in Morocco in various fields under the leadership of His Majesty the King, held from Monday to Wednesday in Madrid, was marked by the holding of several conferences on “Economic growth in Morocco”, “The 2011 Constitution “and” the future of relations between Morocco and Spain. ”

This event, which brings together eminent Spanish and Moroccan personalities, aims to publicize the new reality of the Kingdom and the evolution of the country economically and politically.