London – With a slew of new projects intended to attract foreign investors, Casablanca is well positioned to achieve its aim of becoming an international financial centre, the UK FDI magazine writes in its latest issue.
It adds that the Casablanca Stock Exchange is north Africa’s largest stock exchange, and is emblematic of the continued role the city plays as the country’s economic powerhouse, being one of the few regional exchanges with no restrictions on foreign participation.
“We have all the ingredients that enable the Casablanca Stock Exchange to function according to international standards,” Karim Hajji, the CEO of the Casablanca Stock Exchange, says.
He explains that the companies listed on the Casablanca Stock Exchange reflect the Moroccan economy, which is fairly well diversified, noting that Morocco has several sectors, all of which are represented on the exchange, such as telecommunications, real estate, banking and insurance, construction materials, and agro-food.
This boom of the Casablanca Stock Exchange is due in part to the government’s strategy centred on modernising existing institutions, as well as launching new projects, aiming to reinforce investor confidence in its institutional capacity and business environment, the magazine says.
Moreover, the publication stresses that Casablanca will continue to play a central role in developing the country’s economy.
Being home to the headquarters of top Moroccan businesses, the government’s move to develop the Casablanca Finance City project, which offers prospective investors a financial hub at the country’s economic heart, was a logical step forward, the magazine says.
