Investment in Morocco and Fez

Over the past 10 years there has been enormous capital injection in different industrial sectors in Morocco which accelerated over the past few years the economy and investment in Morocco. This has predominantly been due to the political will and power of the new King of Morocco who decided to actively bring Morocco into the new 21st century. In order to achieve the new economic goals for Morocco and to make it more attractive for foreign investors, there has been a huge modernisation and expansion of infrastructure, and also financial and administrative reforms which are attracting many foreign investors to take part in different sectors of the economy and contribute to its success.

Why invest in Fez

Today Fez concentrates on two main sectors. The first is agriculture as it is surrounded by fertile lands. Indeed, the region where Fez is located will benefit enormously from the national project regarding agriculture called “The Green Morocco”. Secondly, tourism which is considered the vital factor in the economy of Fez. That is why, there have been a lot of efforts to improve all places of the city, and restore and repair the old monuments to make them fascinating and more attractive.

The city of Fez is constantly welcoming a large number of tourists from different countries, Fez, currently, receives more than one million tourists in the year, since the city is very known among the Europeans because of the unique experience that this city offers to its visitors and the ideal locality of Morocco with the European countries. In this respect, the industry of tourism is highly encouraged by the state. By the year of 2010, Morocco aims to bring 10 million tourists each year and to promote and organize the sector of Moroccan traditional handicrafts to be recognized and famous on an international scale.

In addition Morocco, Fez is located in the same time-zone as United Kingdom of Britain which makes it easier to communicate with businesses across Europe. Regarding languages and communications Arabic and French are the most spoken languages in Morocco, in Fez languages like Arabic, French, English are widely spoken, which makes Fez very popular for investments for European countries. The real estate market in Morocco is still full of opportunities, Fez as strategic area in Morocco would be a very nice place for benefiting from both the good locality of lands and the advantages given by the government.