Elalamy showcases in Madrid Morocco's economic assets

Morocco, which enjoys a stable social and political environment, offers a favorable business climate for foreign investors, said the minister who was speaking at the Morocco-Spain entrepreneurial meeting organized at the initiative of the Spanish Confederation of entrepreneurial Organizations (CEOE, employers' body) .

The geostrategic position of Morocco, which is well known, and its proximity to different continents are also assets that attract international investors, including Spanish ones, he added, noting that the Moroccan economy is posting an average growth of 4.9 pc since 2001, an inflation rate of 1.8 per cent and an unemployment rate of 9.1 pc.

The Kingdom has also received 40% more investment between 2011 and 2013 , thanks to measures taken by the government to protect foreign investors, he said, citing the reform of the legal framework, the tax incentives in favor of foreign operators and the transparency mechanisms in accordance with international organizations.