Morocco lures investors to high-tech industries

Trade Minister Ahmed Reda Chami is encouraging foreign firms to invest in the technical know-how of the Moroccan workforce.

Morocco is working to attract investors in four technical fields in order to spur employment among youth.

Investors in the off-shoring, car manufacturing, aeronautical engineering and electronics industries will be recruited to boost Morocco’s economy and create thousands of work opportunities, Trade Minister Ahmed Reda Chami announced on Wednesday (April 7th) at the first conference held for such industries.

“A number of promotional activities have been undertaken by the new Moroccan Agency for Investment Development in the target countries,” Chami said at the Casablanca event.

The government is offering incentives packages to corporations that set up shop in Morocco, he said. The benefits on offer include rebates of some profit taxes and a five-year exemption from corporate taxes. Chami also highlighted Morocco’s high-performance infrastructure and competitively priced labour…read more 

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