Morocco is a Northern African country, bordering the North Atlantic Ocean and the Mediterranean Sea, between Algeria and the annexed Western Sahara whose capital is Rabat. Morocco, a Nations Online country profile of the Arab kingdom in the western part of the Maghreb in North Africa. Is officially known as the Kingdom of Morocco.
The current population of Morocco is 38,220,072 as of Monday, July 3, 2023, based on Worldometer elaboration of the latest United Nations data. It spans an area of 446,300 km2 (172,300 sq. mi) or 710,850 km2 (274,460 sq. mi), with a population of roughly 37 million.
The current holder is Aziz Akhannouch of the liberal RNI party since taking office on 7 October 2021 from Othmani and was appointed by the king Mohammed VI as prime minister and asked him to form a government in the country.
The major resources of the Moroccan economy are agriculture, phosphate minerals, and tourism. Sales of fish and seafood are important as well Industry. The Moroccan economy remains heavily dependent on the export of raw materials. The three leading exports are agricultural produce (citrus fruits and market vegetables), semi processed goods and consumer goods (including textiles), transistors, crude minerals, fertilizers, petroleum products, citrus fruits and electric components, inorganic chemicals, transistors.
Exports from Morocco reached an estimated value of 284.5 billion Moroccan.
Young people in Morocco make up 30 percent of the population, and one tenth of the region’s total youth population. Their levels of exclusion are high: a recent, innovative World Bank survey revealed that 49 percent of Moroccan youth are neither in school, nor the workforce.
Moroccan youth have been responding to the crisis through public health promotion in the country which has enable in the creation of employment opportunities in the country thus fighting poverty in the youth in the region.
Morocco tried to align the Moroccan National Sustainable Development Strategy with 2030 Agenda to meet its national and international commitments to sustainable development.
Business opportunities in Morocco
Investing in Morocco’s automotive sector can be a lucrative opportunity as the country has a growing automotive industry and a strategic location that allows easy access to the European market. The agriculture sector also offers potential investments in areas such as olives, citrus, and phosphates. The real estate sector is also growing with increasing demand for residential and commercial properties in major cities such as Casablanca and Marrakech.
The renewable energy sector is also growing with increasing demand for solar and wind energy projects, as well as the new opportunities in hydrogen and green hydrogen. The government is also promoting sustainable tourism, which offers opportunities for eco-friendly and community-based tourism projects.
