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Morocco is new investment hub - Analysts

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July 11
9:38 AM 2013

The Kingdom of Morocco encouraged free trade engagements with foreign direct investors, making the North African country the newest investment hub in the region. The nation has been receiving foreign placements from a large number of investor countries, now currently operating in Morocco.

A meeting of foreign investors and industry leaders will be held in the city of Rabat in November to highlight the new business opportunities in the country.

Morocco ranks among the top African economies with its growth domestic product of US$ 100.354 billion. The country is also at the top of the international reserves ladder in Africa, with a total of US$20.6 billion, according to the International Monetary Fund's data last year.

The government's recent moves to tie up intercontinentally created a favorable investment atmosphere. Recently, Morocco signed a quadrilateral free trade agreement with three of its nearest neighbors - Jordan, Tunisia, and Egypt. Tunisia is also a free trade partner of the country.

Due to these close ties with different countries, analysts predict that Morocco will be the next investment hotspot in the world in the next few years.

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