RABAT (MOROCCO) (ITALPRESS) – Morocco could create up to 1.7 million new jobs by 2035 and increase its GDP by nearly 20%, according to two new World Bank reports produced in collaboration with the Moroccan government. As reported by the Yabiladi website, the documents, focusing on growth, employment, and the private sector, outline a series of structural reforms aimed at strengthening competition, attracting private investment, and supporting businesses.
According to the World Bank, despite the progress made, job creation remains insufficient, especially for women and young people. However, if fully implemented, the reforms could generate up to 2.5 million jobs by 2050. According to experts, if Morocco were able to overcome certain administrative and professional challenges, it could unlock $7.4 billion in private investment and create over 166,000 jobs over the next five to ten years. Finally, the most promising sectors are solar energy, low-carbon textiles, argan-based cosmetics and marine aquaculture.
– photo IPA Agency –
(ITALPRESS).
