business opportunities, challenges and strategies in morocco

Business Opportunities, Challenges and Strategies in MOROCCO

Content

IntroductionOpportunitiesChallengesStrategiesConclusion

Introduction

Morocco is progressing and developing country.

It has a coastline of 3000km on Atlantic oceans and 500km on Mediterranean Sea.

Morocco economy is a Liberal economy regulates by law of supply and demand.

Morocco is steadily progressing towards modernization and globalization

Morocco is a modern state and carry heathy business relations with US and Europe.

Market strength

Approachable geographically located

Easy to approach foreign markets like North and West Africa.

Efficient Communication network and global connectivity.

Financially sound support

Opportunities

Wastewater Treatment

Energy and environment

Construction

Tourism

Wastewater Treatment

Water is essential part of economy.

Agriculture sector is one of the major contributor towards the country’s GDP.

The government is looking to launch projects over the next 20 years

Energy and Environment

They are reducing the dependency on the other nations for importing the energy.

DESERTEC(developing of trans national super grip integrating all types of renewable energies).

QUARZAZATE(planned 500MW solar plant among the largest CSP plant in the world.

AIN BENI MATHAR(470MW hybrid solar gas plant located 625km east of the capital.

THE MOROCCAN INTEGRATED WIND ENERGY PROJECT.

Construction

New company are investing in this sector.

According to Morocco construction Advancement and Opportunities, "The Moroccan construction industry registered a compound annual growth rate of 4.27%.

Despite of crisis and the Arab Spring uprisings, the government increased expenditure on the construction and renovation of roads, airports and seaports.

Tourism

This sector has always contributed to the economy for good.

Morocco has lots of tourist destinations in terms of beached, historical sites and desert safaris.

Morocco’s vision 2020 development program, seeks to enhance and preservation the historical assets and cultural heritage of the southern morocco.

Challenges

Business climate below expectations.

Wastewater treatment.

Energy and environment.

Tourism

Construction

Business climate below Expectation

Old judicial system.

Fixed labour market.

Loans are difficult to get.

Wastewater treatment

Wastewater plants only provide secondary treatment.

There is no government regulation on the treatment of wastewater.

No information to cut the cost and innovation.

No skill and proper method to construct the pant.

Difficulties in figuring out the proper use of final outflow.

No capital for the making of the plants.

Energy and environment

Grid issues.

Lack of feed.

Statutory framework and institutional infrastructure.

Tourism

It is expensive then other tourist destinations.

They are facing difficulties to sustain the competition.

Their tourist base is mostly France and Europe.

Terrorism has always made the tourist avoid coming to morocco.

Exploitation of natural resources.

Strategies

Reuse of wastewater.

Renewable energy.

Tourism.

Reuse of wastewater

Quarzazate, Ben sergao, Benslimane, Drarga are the four places where wastewater treatment is done properly and started at 1st place.

They use old practices.

Government is giving private sector the responsibility to treat water.

Renewable energy

In 2011 the total capacity of renewable energy besides hydropower was appox. 300MW.

Moroccan Solar Plan.

Tourism

Perfect place demographically.

Cheap flights.

Plan Azur.

Merzouga.

Conclusion

Morocco is developing nation. It has goods leaders and planners. If all the plan come to place then Morocco is going to be one of the developed country.