The government has pursued an ambitious program of reforms to increase productivity and competitiveness of the national economy through sectoral strategies targeting energy, fisheries, industry, commerce, agriculture, tourism, and logistics. Promising reforms have occurred in the financial sector. Privatizations have reduced the size of the public sector. Morocco has liberalized rules for oil and gas exploration and has granted concessions for public services in major cities. The tender process in Morocco is becoming increasingly transparent. The government has invested considerably in infrastructure development, in particular Tanger-Med Port at the Strait of Gibraltar , highways that now connect major cities and training programs for skillful workers . This process of economic reform is now accelerated and major international companies and investment funds start to be more and more interested to invest in Morocco. Today the Qatar’s sovereign wealth fund and the Moroccan government agreed to establish a 50-50 investment joint venture worth $2 billion that aims to help the cash-strapped Moroccan economy fund major development projects.
Moroccan equivalent. This major agreement wil give a new impetus to the Moroccan economy and will certainly attract other international investments from around the globe. It is worthy noting that this agreement is another testimony of the economic credibility and political stability that Morocco enjoys in the Arab world.
