Morocco is one of the fast growing economies in Africa with a GDP of US$ 100.354 billion and international reserves of US$ 20.611 billion (Source: IMF, 2012). The Government of Morocco encourages free trade agreements and investment from the USA, the EU and the Middle East. As a result, a large number of foreign companies are operating in Morocco. Considering the current economic climate, Morocco saw foreign investments worth US$2.8 billion in 2012 (Source: United Nations' Conference on Trade and Development), ranking number one in North Africa in terms of foreign investment.
Morocco has entered into Free Trade Agreements with the USA and the EU. This has resulted in reduction in tariffs on imports from the US and EU. Alongside, Morocco has also signed a quadrilateral FTA with Egypt, Jordon and Tunisia and a bilateral FTA with Turkey. This has made the country a favourable country for investments and is set to become the next business hub.
Bringing together the top business leaders, policy makers and government officials, Fleming Gulf takes the opportunity to present to you the The Morocco Summit, taking place on the 19-21 November 2013 in Rabat, Morocco. Officially supported by the Rabat Chamber of Commerce, Industries and Services, University Mohammed V and CIMAR – COSA, the summit will see the esteemed presence of Faik Tunay, Turkish Grand National Assembly, Member and Foreign Affairs Committee, Member. Other key professionals attending include H.E. Omar Derraji, Chamber of Commerce, Industry and Services – Rabat, Honorary President, Ali Ghannam, Fédération Nationale du Tourisme, Président, Amallah Nezha, Central Authority for Corruption Prevention – Morocco, Director Legal Entity Watch, Sami Houerbi, International Chamber of Commerce, Director, Majd Radi, Moroccan National Airports Authority – ONDA, International Airport Director, and K Aftab Ahmed, International Finance Corp World Bank Group, Director Financial Markets & PE Funds Europe, Central Asia & MENA among many others.
The Morocco Summit will highlight key issues in important sectors such as energy, power and desalination, tourism, agriculture, logistics, ICT, retail, textile and leather and food industry, automative and aeronautics and offshoring and will provide three days of industry specific information along with the opportunity to network and exchange business ideas with the top government and corporate professionals of the Maghreb region.