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Invest in the MEDA region, why how ?
sensitive to weather conditions. Unemployment is high, and the
labour force is growing considerably (3 percent), with increasingly
broad participation by women in the labour force. Large segments
of the population are still socially and economically marginalised,
with some 15 percent of the population considered poor. In spite of
the progress recorded over the past few years, current economic
dynamics are insufficient to maintain employment and meet these
challenges. A National Initiative for the Human Development
(NIHD) was launched in May 2005, aiming at reducing the social
and geographical disparities, developing employment and income,
and helping vulnerable populations by means of a participative
and transparent process. The total cost of the Initiative over the
period 2006‐2010 is estimated at 10 billion dirhams (2 percent of the
GDP). The rate of unemployment dropped significantly in 2006 to
9.7 percent at national level, vs. 11.1 percent in 2005, according to
the High Planning Commission (HCP). This rate declined to 15.5
percent in urban area (18.4 percent in 2005) and 3.7 percent in rural
area (3.6 percent in 2005).
Strong points
Among Morocco’s assets, the low cost and the high quality of
labour, the country practises a policy of structural reforms which
attract the interest of the investors.
Its political, economic, geographical and financial proximity of the
European Union contributes to the dynamism of the economy. Its
political stability and its democratic evolution ensure to him the
support of the international community.
An offshore financial market was instituted by the Dahir N 1‐91‐131
carrying promulgation of law N 58‐90. This market is opened to
banks and holding companies authorised to settle in the country.
The country has some attractive sectors: agrifood, fishing,
phosphate, electronics, automotive and aeronautical sub‐
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