Global Arab Network | Economic stability attracts more than 1000 Spanish companies to Morocco

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Economic stability attracts more than 1000 Spanish companies to Morocco

Thursday, 27 May 2010 01:00

Thanks to its political and economic stability, Morocco offers great investment opportunities, Moroccan Economy Minister Salaheddine Mezouar said.

The fact that more than 1000 big Spanish companies are operating in Morocco reflects the trust the Spanish investors have in the Kingdom, Mezouar told Spain's radio station "Punto Radio."

The Moroccan official also highlighted the growing interest shown by Spanish banks in the kingdom, adding that the largest of them established their activities in Morocco to support Spanish companies based in Morocco such as "La Caixa", "Banco Santander", "BBVA" and "Banco Sabadell."

Morocco, which has large infrastructure, is a country that offers Spanish firms the possibility to preserve their competitivity, boost their activities in different sectors and gain new market shares, Mezouar said.

He added that Morocco, unlike some other countries, was not much affected by the global economic and financial crisis.

For Spanish companies, Morocco represents a gateway to other markets, mainly in Africa, and European companies can also benefit from Africa’s economic growth, Mezouar said. (MAP)

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Last Updated on Thursday, 27 May 2010 01:46

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