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Economy - overview:
Morocco faces problems typical for developing countries: restraining government spending, reducing constraints on private activity and foreign trade, and achieving sustainable growth. Despite structural adjustment programs supported by the IMF, the World Bank, and the Paris Club, the dirham is only fully convertible for current account transactions. In 2004 Moroccan authorities instituted measures to boost foreign direct investment and trade by signing a free trade agreement with the US and selling government shares in the state telecommunications company and in the largest state-owned bank. Favorable rainfall over the past two years has boosted agricultural output and GDP growth passed 4% in 2004. In 2005 GDP growth slipped to 1.8% and the budget deficit rose sharply - to 7.5% of GDP - because of substantial increases in wages and oil subsidies. Long-term challenges include preparing the economy for freer trade with the US and European Union, improving education and job prospects for Morocco's youth, and raising living standards. |
Trade Fairs,
Exhibitions, Conferences: |
OFEC: the Office of Fairs and Expositions de Casablanca
Al Dahir Al-Sharif has been amended in 2000 by the law No. 72-99, published in the Official Bulletin on 16/03/2000 and which enlarge the scope of the exhibition Organization by allowing governmental companies, private and professional associations to organize trade fairs.
Accordingly , the Office of Fairs and Exhibitions of Casablanca has become the leader in the Organization of specialized exhibitions aiming at devoting its efforts to the promotion of the Moroccan economy and the establishment of commercial relationships between Moroccan businessmen and their foreign counterparts, and at contributing to the fostering of the image of Morocco in the world.
The OFEC is currently organizing more than 40 events and shows per year including professional exhibitions and trade fairs to support the various vital domestic and foreign activity sectors.
Palais des Congrès de Marrakech / Espace Hôtel Mansour Eddahbi
The Mansour Eddahbi Hotel is part of the Palais Des Congres Conference Centre in Marrakech. This sumptuous hotel is nestled in the luxurious residential district of the Hivernage, at a convenient proximity to all the major sights and places of interest. |
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