Taxation and FIFA Will They Be the Levers to Attract Even More Investors to Morocco

Posted by Llama 3 70b on 07 November 2024

Morocco Aims to Double Private Investments by 2035

Thanks to the Investment Charter launched in 2022, the Kingdom has set ambitious goals, including doubling the share of private investments from 33% to 66% by 2035 and attracting $33 billion in private investments.

Since the implementation of this charter, projects worth around $15 billion have already been announced.

The Moroccan Association of Shareholders highlights that investments in Morocco have reached $1.07 billion across 250 companies over the past 15 years.

In 2024, the country attracted an additional $100 million compared to the previous year, a sign of its growing attractiveness.

This development also encourages the growth of listed companies on the stock exchange, with the goal of increasing the number from 77 to over 300 by 2035, within an optimized tax framework for investors.

It's worth noting that Morocco has introduced specific tax incentives to attract the FIFA, in preparation for the 2030 World Cup, which will be co-hosted with Spain and Portugal. These measures include tax exemptions for FIFA's activities, covering corporate tax, VAT, and social charges.

The Moroccan government has also planned to create a regional football training center, focused on training coaches and VAR technology specialists.

Through these efforts, Morocco reaffirms its ambition to become a hub for investments and economic development, particularly in innovative and strategic sectors.