Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
Morocco's economy rebounds in January with 433 new companies

Morocco's economy rebounds in January with 433 new companies

Posted on March 31, 2023   |  

In 2023, 433 new companies were created in the construction industry, machinery manufacturing, trade, tourism, and financial services. 

The number of legal companies also soared to 156, growing confidence in the Moroccan market. 

The commercial sector is the most important sector for an economic boost as it generates a large number of jobs and contributes to wealth generation. 

The Moroccan government has enforced several programs to promote economic growth which are encouraging foreign investment, enhancing infrastructure, decreasing bureaucracy, and modernizing labor lawmaking.

The country also profited from the opening of its borders to immigration, leading to an increased young entrepreneurial population who have set up their businesses, which drove the country's economic development.



Previous Next