Automotive, renewable energy and agri-food: French companies are now seeking to position themselves for the next wave of Moroccan projects. After the return of investment, the battle is shifting toward the markets opened up by the kingdom’s industrialization and new infrastructure.
A minimum pension of 3,000 dirhams, one million jobs, a sharp reduction in income tax and social assistance increased to 1,000 dirhams: the PAM has just unveiled several particularly ambitious commitments for the legislative elections.
The European Union is investing €20 million in Morocco’s digital transformation, particularly in 5G, cloud computing and artificial intelligence. But its financing excludes equipment from suppliers it classifies as high-risk, a category that notably targets Huawei and ZTE.
As decided by the government, the price of the gas cylinder will increase from next year. This should continue in the following years.
Morocco enjoys a good reputation among the G7 countries + Russia, according to the report on the "reputation of Morocco in the world" published on the website of the Royal Institute for Strategic Studies (IRES).
The Moroccan economy remains solid despite the effects of the invasion of Ukraine and the Covid-19 pandemic, as Morocco has economic instruments capable of absorbing shocks. However, it faces significant risks, according to the International Monetary Fund (IMF).
Morocco has increased the subsidy allocated to soft wheat which, since the beginning of the current year, is estimated at more than 3 billion dirhams. This was announced on Thursday in Rabat by Mustapha Baitas, Minister Delegate in charge of Relations with Parliament, government spokesman.
Despite the economic situation, Morocco has overcome the rise in the price of basic necessities. For example, the price of butane gas has not seen any major change since 1990, according to the Minister in charge of the Budget, Fouzi Lekjaâ.
As of January 21, Morocco’s net international foreign exchange reserves stood at 329.1 billion dirhams, recording a slight increase of 0.2% from the previous week, according to Bank Al-Maghrib.
Moroccan local authorities will soon be able to enter into borrowing operations internationally, following the updating of legislative texts during the government council.
As of this Saturday, January 1, 2022, the prices of manufactured tobacco products in Morocco will increase , according to the Customs and Indirect Taxes Administration (ADII).
Prices of essential commodities will not increase in 2022, thanks to the support granted to the purchasing power of Moroccans in the 2022 Finance Bill.