Business Sector in Morocco

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Agriculture

Approximately 40% of the Moroccan workforce offers agricultural jobs. In the northeast barley rainy areas, wheat and other crops are grown without irrigation. On the Atlantic coast, where there are large plains, olive, citrus fruits and grapes are grown, most of which are supplied with water from the Ertausian well. Morocco also produces significant illegal hashish, most of which are sent to Western Europe.

Fishing

The leading fishing industry in Morocco is 56%, which is 16% of agriculture and total exports. This industry has long been the economic pillar of the country.

Industry

The Moroccan industrial sector is expected to continue its strong growth in recent years. Industrial activity grew by 5.5% in 2007, a slight increase in 2006, as the sector grew by 4.7%. In 2007, the sector prices rose by 5.6%. Overall, the contribution of industrial activity in GDP is between 25% to 35% per year, depending on the performance of the agricultural sector.

Product

The manufacturing sector is the sixth of GDP and it is becoming more important in the economy. The most important factor in Morocco is the processing of raw materials for export and the consumer goods production process for the local market.

The manufacturing sector produces light consumer products, especially food, drinks, textiles, matches and metal and leather products. Heavy industries are often limited to refining petroleum, chemical fertilizers, automobiles and tractors, foundry, asphalt and cement.

Cloth

Fabrics in Morocco are an important industry. European Union is Morocco's leading textile and apparel customer. France imported 46% hosiery from Morocco, 28.5% original cloth and 27.6% ready wardrobe.

Mining

The mining sector is a pillar of the Moroccan economy. In 2005, $ 2.7 billion was sold, which included 2.17 billion md export and 20% of energy consumption.

Construction sector

The construction and real estate industry are also part of the growth in the country's investment. The increase in ports, housing projects and roads and boom in the tourism sector, there has been a big increase in the construction industry. Increasing construction activity and efforts to improve the infrastructure make many opportunities for public-private partnership.

Services

Services, including government and military costs, are in almost a quarter of GDP of Morocco. Half of the government spending is an integral part of the economy despite government's continued efforts to sell its wealth to private companies.

Read Also: The Business opportunities and Process of Starting a business in Morocco

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