Morocco’s Mediterranean coastline faces Spain and France across a comparatively short stretch of water, with ports including Nador and the newish Tangier Med facility. In the wider global trade context, Morocco has major ports on its Atlantic coastline.
The World Bank expects Morocco’s Gross Domestic Product (GDP) to grow by 3.1% in 2023, improving on 2021’s growth of 1.3%. GDP is expected to reach US$146 billion by the end of 2023.
Attracting Foreign Direct Investment (FDI) is high on Morocco’s list of priorities, with its Investment Charter establishing new regulations for private investment, alongside tax reforms. As Morocco expands the economy from the traditional sectors of textiles, agriculture and fisheries, FDI will be drawn into developing business and financial services; infrastructure and logistics; energy supply and telecommunications.