Description
Morocco actively encourages foreign investment and has sought to facilitate it through macro-economic policies, trade liberalization, structural reforms, as well as investments in infrastructure and incentives for investors. As it works to position itself as a gateway to Africa, multinational companies are beginning to relocate their regional headquarters to Morocco. In 2012, Morocco became the first Middle East and North Africa partner to endorse the Joint Principles for International Investment and the Joint Principles for Information and Communication Technology (ICT) Services, sending a strong signal to domestic and international investors that Morocco embraces an open, 21st century approach to investment and growth. Despite its general openness to FDI, the government generally requires investors to use domestic content in goods or technologies, and some government originated tenders have local content requirements, particularly in certain sectors.
