Investors reveal they are confident about Moroccan economy prospects
Investors have said they are "confident" about the prospects for the Moroccan economy as it continues to diversify away from agriculture and into increasingly services-based industries.
In recent years, Morocco announced positive economic growth figures as well as falling unemployment levels - with non-agricultural economic growth also on the rise, the Financial Express reports.
Recent investment reforms, real estate booms and an advancing tourist trade have seen the Moroccan economy expand, with some experts predicting that the upward momentum will sustain itself.
Jan Houti, director of Upland Securities, told the Financial Express: "People are more confident in the economy. They are optimistic that things are going to improve as far as regulation is concerned and that the country is politically stable."
In March, the European Commission gave Morocco more than £400 million worth of funding to continue its economic and social reforms, which have made the country increasingly attractive to western investors.
Benita Ferrero-Waldner, EU external relations commissioner, explained that this is demonstrated by "stronger growth, greater foreign direct investment and higher employment".
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