Madrid will host on April 2nd a seminar called ” Invest in Morocco “, organized by the European Bank for Reconstruction and Development ( EBRD) and the Department of International Economics of the Spanish Ministry of Economy and Competitively.
According to the Spanish Ministry, the seminar will focus on explaining to the participants the tools that EBRD offers and contribute to the reduction of risk in investing in a country like Morocco.
Representatives from EBRD will participate in the seminar, interested entrepreneurs may also hold meetings and study the three ways that the bank offers to invest in the North African country: public projects, private projects and by strengthening financial intermediaries.
Morocco, which hosts more than 700 Spanish companies (mostly small and medium) , was located on the 87th of Doing Business ranking in 2014, eight more than the previous year. According to the report, the most difficult points that influences investing in the country are the access to credit, paying taxes, protecting investors and property registration.
On one hand, Morocco offers advantages to investors in terms of its excellent communications network (rail, highway or ferry), proximity to Europe, and lower wages. On the other hand, the disadvantages are the extent of corruption, a shortage of highly qualified work force and extent of the informal economy.