Emerging Morocco

July 24th, 2008
Where must you be if the west shakes and trembles under the impact of a global credit crisis? In Morocco, of course! The grant of Casablanca, CFG25, remained the bests of all grants intact in the credit violence.
A congratulation for the Casablanca Finance Group (CFG)

The country is on the basis of Gross Domestic Product the fifth economy of Africa, behind South Africa, Algeria, Nigeria and Egypt. Many investors expect that Morocco is going to come behind Egypt . Disadvantage is that the country lies further of the Middle East and as a result of this it attracts less money from the foreign country. Egypt profits from the investments in Middle East funds. But Morocco in 2007, has a higher output behind then Egypt. And not only that. Morocco has also lower inflation (2.8% against 6.5%) and higher economic growth (6.7% against 5.0%) then Egypt. The disadvantage is that the stock market much is smaller and much less liquide. The rapidly increasing interest for Africa as investeingcontinent brings in this possibly change, because in all Africa-producten is Morocco behind Egypt and South Africa

The Moroccan grant is the diversity of the index. Gas, real estates, cement-manufacturers, telecom, financials. For each one want to invest. Even new technologies count for 25%. That is as a matter of fact less sexy is that weighting comes entirely of Maroc Telecom that 24.9% counts in CFG25. Financials have been represented with 37% heaviest with thanks to Attijariwafa bank that 11% counts, whereas energy and raw materials a role in the fork game. It is clear that Morocco has added value within Africa certainly, because the index has been differently composed than the JSE in South Africa or the grants of dark Africa.



http://emergingmarkets.iex.nl/columns/columns_artikel.asp?colid=35443

Emerging Morocco

July 24th, 2008
Where must you be if the west shakes and trembles under the impact of a global credit crisis? In Morocco, of course! The grant of Casablanca, CFG25, remained the bests of all grants intact in the credit violence.
A congratulation for the Casablanca Finance Group (CFG)

The country is on the basis of Gross Domestic Product the fifth economy of Africa, behind South Africa, Algeria, Nigeria and Egypt. Many investors expect that Morocco is going to come behind Egypt . Disadvantage is that the country lies further of the Middle East and as a result of this it attracts less money from the foreign country. Egypt profits from the investments in Middle East funds. But Morocco in 2007, has a higher output behind then Egypt. And not only that. Morocco has also lower inflation (2.8% against 6.5%) and higher economic growth (6.7% against 5.0%) then Egypt. The disadvantage is that the stock market much is smaller and much less liquide. The rapidly increasing interest for Africa as investeingcontinent brings in this possibly change, because in all Africa-producten is Morocco behind Egypt and South Africa

The Moroccan grant is the diversity of the index. Gas, real estates, cement-manufacturers, telecom, financials. For each one want to invest. Even new technologies count for 25%. That is as a matter of fact less sexy is that weighting comes entirely of Maroc Telecom that 24.9% counts in CFG25. Financials have been represented with 37% heaviest with thanks to Attijariwafa bank that 11% counts, whereas energy and raw materials a role in the fork game. It is clear that Morocco has added value within Africa certainly, because the index has been differently composed than the JSE in South Africa or the grants of dark Africa.



http://emergingmarkets.iex.nl/column...sp?colid=35443

I don't know why Gulf countries don't invest much in Morocco as in Egypt etc.
If the did the same in Morocco as what the are doing in Egypt, Morocco would have an economic boom and economic growth of 10% a year..


I really don't know the reason. The property sector in Morocco is booming just like, tourisme sector, telecom, cement etc but still Morocco gets very very little investments from the Gulf..

The Gulf countries can make more money in Morocco but the don't come.


That is strange..

Morocco needs more to open its economy a more free economy. That means by selling state companies..

That will atractte more investors.

at my opinion they must be badly received, and their big towers are not accepted... without speaking about the administration...

at my opinion they must be badly received, and their big towers are not accepted... without speaking about the administration...

Slaoui, in Egypt the Gulf Countries don't build only towers most of the projects their are resorts, property etc..

Egypt goverment doesn't want high Towers at the Red Sea too or by historical places, but still the Gulf countries invest huge in Egypt. And Gulf countries in Egypt invest also in cement, telecom, property, industry etc..

I really don't think that because Morocco refussed big towers that they don't want to invest huge..

Casablanca Marina has also towers, just like new Sofitel Hotel, Casa City Center etc..

I don't know why Gulf countries don't invest much in Morocco as in Egypt etc.
If the did the same in Morocco as what the are doing in Egypt, Morocco would have an economic boom and economic growth of 10% a year..


I really don't know the reason. The property sector in Morocco is booming just like, tourisme sector, telecom, cement etc but still Morocco gets very very little investments from the Gulf..

The Gulf countries can make more money in Morocco but the don't come.


That is strange..

Mister79
Tell us PLZ about what Gulf countries r doing in Egpyt ? what are the projects they are building in Egypt ?

Slaoui, in Egypt the Gulf Countries don't build only towers most of the projects their are resorts, property etc..

Egypt goverment doesn't want high Towers at the Red Sea too or by historical places, but still the Gulf countries invest huge in Egypt. And Gulf countries in Egypt invest also in cement, telecom, property, industry etc..

I really don't think that because Morocco refussed big towers that they don't want to invest huge..

Casablanca Marina has also towers, just like new Sofitel Hotel, Casa City Center etc..

For the Marina it's only one tower of 40 floors, and for the Sofitel Hotel part of the Casa City Center no news at the horizon, no masterplan nothing just a synthesized image…

Is Algeria the second? (I thought they where 4th, but thats good second!)

But if the Golf states don't want to invest in our countrey our goverment should surch for more investmenst in the USA, China, Europe ect!

The Gulf investmenst ar not reliable, they cancel alot of there projects!

Mister79
Tell us PLZ about what Gulf countries r doing in Egpyt ? what are the projects they are building in Egypt ?

Billions of dollars are invested by the Gulf countries in resorts, property, industry, telecom in Egypt..
Egypt has construction boom thanks to Gulf money and the stock exchange is extreme growing also..







UAE Damac Launches Three Projects In Egypt Worth $19.3 Bln

Al Futtaim to invest $3.5b in Egypt
http://www.estatesdubai.com/2006/11/al-futtaim-to-invest-35b-in-egypt.html

UAE Investments in Egypt. UAE companies are expecting to invest a further
$35 billion in Egypt
http://aegypten.ahk.de/index.php?id=50&L=15

etc

Good article about the situation in Egypt from my favorite columnist, Thomas Friedman. Basically shows how the current economic policies are idiotic and are regressive towards the poor.

Letter From Cairo
By THOMAS L. FRIEDMAN
Published: June 15, 2008
Cairo

The current global energy-food crisis is, understandably, a pocketbook issue in America. But when you come to Egypt, you see how, in a society where so many more people live close to the edge, food and fuel prices could become enormously destabilizing. If these prices keep soaring, food and fuel could reshape politics around the developing world as much as nationalism or Communism did in their days.

A few years ago, Egypt’s president, Hosni Mubarak, belatedly but clearly embarked on an economic reform path that has produced 7 percent annual growth in the last three years — and now all that growth is being devoured by food and fuel price increases, like a plague of locusts eating through the Nile Delta.

Let’s start the day here at Hussein el-Ashri’s poultry shop — in the lower-middle-class district of Shubra — a shop that gives new meaning to the term “fresh chicken.”

Customers arrive, select a live chicken out of a coop. It’s slaughtered and de-feathered while you wait and handed to you in a bag with all the parts. Business had grown steadily over the years at Ashri’s shop, as Egypt’s lower-middle classes could afford more meat. But in the past six months, the price of chicken has doubled. Ashri explained: “Everything has gone up — electricity, the price of feed, gasoline, labor, the price of medicine for the chickens. Everything.”

For Egypt’s poor, who make up 40 percent of the population, food makes up 60 percent of their household budget. When wheat prices double, because more U.S. farmers plant corn for biofuels, it is devastating for Egyptians, who depend on imported American wheat for their pita bread. Bread riots are now a daily occurrence here. As for chicken, all Ashri knows is that “there are fewer customers and less traffic now.” You need to give your kids meat, complains a lady in a veil, “but now you give them a little smaller piece.”

Next to Ashri, though, the man selling potatoes from a wooden cart is doing a brisk business. “We can’t go out anymore for entertainment,” says one lady, whose husband is on an army pension, as she flips through the potatoes. “But there are people a lot worse off. Some can’t afford food at all.”

Around the corner, at a state bakery selling subsidized bread, a small crowd has gathered, waiting for their daily ration. Someone else has collected a donkey cart full of pita scraps to be sold for animal feed. Nothing wasted.

A discussion breaks out between the potato man and his customers about who has “less of a conscience” — schoolteachers in the state school system who have to be paid to give after-school lessons because they have 80 kids in their classes and no one can learn there, or doctors in the state system who have to be bribed for decent care. It is not that they’re evil; they’re all being squeezed.

What’s happening is that the basic bargain between the Egyptian regime and its people — which said, “We will guarantee you cheap food, a job, education and health care, and you will stay out of politics” — is fraying. Even with the growth of the last three years, government subsidies and wages can’t keep up with today’s food and fuel price rises. The only part of the bargain that’s left is: “and you will stay out of politics.”

From Shubra we drive into the desert toward Alexandria. The highway is full of cars. How can all these Egyptians afford to be driving, I wonder? Answer: The government will spend almost $11 billion this year to subsidize gasoline and cooking fuel; gas here is only about $1.30 a gallon. Sounds like a good deal for the poor — only the poor have no cars, and the fuel subsidies mean less money for mass transit.

Think about these numbers: This year Egypt will spend $6 billion on education and $3 billion on health care, far less than the subsidies for fuel. This is a terrible trap. The subsidies should have been phased out when food and fuel prices were lower. Now that they have soared, the pain of removing the subsidies would be politically suicidal. So education and health care get killed instead.

But Egypt today is one country with two systems. Along the Alexandria highway, we pass one gated community filled with McMansions — with names like “Moon Valley,” “Hyde Park” and “Beverly Hills.” One has a 99-hole golf complex. They are populated by Egyptians who have worked hard and made money in the gulf or who are part of the globalized business class here. They are entitled to their McMansions as much as Americans. But the energy and water implications of all these new gated communities is also fueling the soaring global demand.

The good news: More Egyptians today can afford to live like Americans. The bad news: Even more Egyptians can’t even afford to live like Egyptians anymore. This is not good — not for them, not for us.

http://www.nytimes.com/2008/06/15/opinion/15friedman.html?_r=1&oref=slogin

Many investors expect that Morocco is going to come behind Egypt

mister morocco is nooooooooow behind egypt
cause egypt 4 and morocco 5
so it's already behind egypt !! what's that's ???????

Is Algeria the second? (I thought they where 4th, but thats good second!)

But if the Golf states don't want to invest in our countrey our goverment should surch for more investmenst in the USA, China, Europe ect!

The Gulf investmenst ar not reliable, they cancel alot of there projects!

1 SA
2 NIG
3 ALG
4 EGY
5 MOR
6TUN

Many investors expect that Morocco is going to come behind Egypt

mister morocco is nooooooooow behind egypt
cause egypt 4 and morocco 5
so it's already behind egypt !! what's that's ???????

The biggest economies of Africa 2007:

1. South Africa
2. Egypt
3. Nigeria
4. Algeria
5. Morocco..
6. Sudan
7. Angola

http://www.clickafrique.com/Magazine/ST014/CP0000002788.aspx

the current economy standing list of africa 2008 is:
1 southafrica
2 algeria
3 egypt
4 nigeria
5 morocco
6 sudan
7 libya
8 angola
9 tunisia
for further information go to geographic.org and go to GDP BY EXCHANGE RATE BY COUNTRY.:cheers:

I don't know why Gulf countries don't invest much in Morocco as in Egypt etc.
If the did the same in Morocco as what the are doing in Egypt, Morocco would have an economic boom and economic growth of 10% a year..


I really don't know the reason. The property sector in Morocco is booming just like, tourisme sector, telecom, cement etc but still Morocco gets very very little investments from the Gulf..

The Gulf countries can make more money in Morocco but the don't come.


That is strange..

Emm... My personal feeling is that Morocco isn't 'selling' itself in the Gulf.. Egypt ogranizes exhibitions... Property exhibitions... etc...

Morocco is farther, and still seems to do little to better its image or advertise itself in the Gulf... If people in the Gulf discovered how beautiful Morocco is, with all the differering conrasting landscapes, and snowy mountains and ski resorts, i'm sure u'd see a surge in tourism...

But seems Morocco is more interested in 'Western' tourism...

yes U have a point there morocco is " very pro western " country but it would be nice if morocco would do the same with middle east gulf countries and the far east for tourism imagine in 2010 not vision 10 million but vision 30 million tourists !! we all know that will not happen of course but morocco needs to advertise and invest in commercial here in orlando you have ads about tunisia !! why does morocco not do that ?

yes U have a point there morocco is " very pro western " country but it would be nice if morocco would do the same with middle east gulf countries and the far east for tourism imagine in 2010 not vision 10 million but vision 30 million tourists !! we all know that will not happen of course but morocco needs to advertise and invest in commercial here in orlando you have ads about tunisia !! why does morocco not do that ?

You're right, there are always commercials about turkey,spain and tunisia here in Holland but never about morocco:ohno: 10 years ago nobody here in holland visitis Turkey but they made alot commercials and now everybody here goes to Turkey:cheers:

Morocco should make much more commercials!

Daano has right, here in Holland Morocco doesn't advertise and a lot of Dutch people think that Morocco isn't touristic..

Egypt is now hot, they have done so much extreme advertising and they are cheaper then Morocco. You can go to Egypt for 300 euro All in.

Morocco is too expensive. Morocco should do the same a Egypt and Turkey, cheap holidays all inn so that they atractte more tourists and in the future the can then increase the prices..

Daano has right, here in Holland Morocco doesn't advertise and a lot of Dutch people think that Morocco isn't touristic..

Egypt is now hot, they have done so much extreme advertising and they are cheaper then Morocco. You can go to Egypt for 300 euro All in.

Morocco is too expensive. Morocco should do the same a Egypt and Turkey, cheap holidays all inn so that they atractte more tourists and in the future the can then increase the prices..

On bus stops are commercials of Turkey for 198 euro :nuts: thats nothing!

working for a travel agency I am shocked to think what some people who never visited morocco think that it is in south america or arab desert with camels with no cars even some that think morocco is a communist country why ?? NO ADS !! THAT IS WHY !!! WAKE UP MOROCCO

Daano has right, here in Holland Morocco doesn't advertise and a lot of Dutch people think that Morocco isn't touristic..

Egypt is now hot, they have done so much extreme advertising and they are cheaper then Morocco. You can go to Egypt for 300 euro All in.

Morocco is too expensive. Morocco should do the same a Egypt and Turkey, cheap holidays all inn so that they atractte more tourists and in the future the can then increase the prices..

I don't think it is a good idea to go cheap.
:ohno:
morocco is learning from the mistakes made by spain .

however I do agree that morocco should do a better job on target advertising :)

working for a travel agency I am shocked to think what some people who never visited morocco think that it is in south america or arab desert with camels with no cars even some that think morocco is a communist country why ?? NO ADS !! THAT IS WHY !!! WAKE UP MOROCCO

it doesn't surprise me to hear similar things from my american co-workers anymore !
:|