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City
Profile
Casablanca
is Morocco's largest city and handles almost
half of all shipping traffic at its port.
It is the leading container port and handles
most of the hydrocarbons trade for Morocco.
Most of Morocco's economic activity is still
concentrated along the Casablanca-Rabat
axis.
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Country
Rankings
Morocco
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| Ease
of Doing Business World Bank '05 |
102
of 155
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Low*
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Corruption
Perception
Transparency International '05 |
78
of 159
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Med
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Growth
Competitiveness
World Economic Forum '05 |
76
of 117
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Low
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| National
Literacy |
51.7%
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Low
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GDP
Growth
(2004 est.) |
4.4%
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Low
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The
manufacturing sector accounts for around 18% of
GDP and employs some 20% of the workforce. Activity
is largely concentrated in the Casablanca region.
The
French engineering company Teuchos, a subsidiary
of the Safran Group, specializing in aerospace,
transport and communications opened an aeronautics
and space research center recently in Casablanca.
Global hotel group Le Meridien Hotels & Resorts,
as part of its worldwide expansion, with 22 new
properties located throughout Europe, the Americas,
Asia Pacific, the Middle East and Africa includes
in its plans the 21 storey, 300 room Le Meridien
Marhaba in Casablanca for the second quarter of
2006. In September of this year the world's
largest paper and forest products company, International
Paper, announced that it signed an agreement to
acquire a majority share in "Compagnie Marocaine
des Cartons et des Papiers" Morocco's leading
corrugated and packaging company which is based
in Casablanca.
The
Casablanca Stock Exchange infrastructure has been
modernized in the recent past. The stock
market watchdog, the Conseil déontologique
des valeurs mobilières (CDVM), strives
to improve transparency of information and crack
down on bourse members that breach the rules.
Last year, the Casablanca Stock Exchange returned
just 15% on the year.
Source:
Population:
2004 or latest: http://www.citypopulation.de;
GDP Data: 2004 CIA Fact Book estimate; Literacy:
UN estimate
*
Country Ranking Codes: A relative color coding
of where the country falls compared to the 20
other Muslim countries represented in this list.
Hgh/Green=Top 3rd; Med/Yellow=Mid 3rd; Low/Orange=Bottom
rd
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