Morocco has moved up seven places in the World Bank’s Doing Business 2020 ranking, released Wednesday in Washington to 53rd place worldwide.
“This breakthrough marks significant progress towards Morocco’s goal of
reaching the top 50 largest economies in the world by 2021,” the head of
Government’s Department said in a statement.
Morocco maintains its lead in North Africa and ranks third among countries in the North African and Middle East region behind the United Arab Emirates (16th) and Bahrain (43rd) ahead of Saudi Arabia (62nd), Oman (68th), Jordan (75th), Qatar (77th), Tunisia (78th), Kuwait (83rd) and Egypt (114th).
On the African continent, the report points out that Morocco maintains its third position behind Mauritius which ranks 13th in the world, Rwanda (38th) ahead of Kenya (56th), South Africa (84th) and Senegal (123rd).
“Morocco’s positive score in this new world ranking is due to the adoption of series of important measures and reforms related to the business and activities of
Moroccan companies which are part of the work programme of the National
Committee on the Business Environment (CNEA),” the statement said further.
The secretariat of this committee also played an important role in presenting to the bank experts the reforms introduced to improve the business climate in Morocco, mainly related to the development of legal and regulatory frameworks for businesses, as well as the simplification and digitisation of a set of administrative procedures on the business life cycle. This is in addition to the creation of electronic platforms for services and single windows.
Furthermore, Morocco ranked 16th in the world in terms of the building permit
index by launching a new version of the electronic platform for the digital
management of building permits.
