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Development. During the last 30 years, Morocco has embarked on a gradual but solid program of human development and political liberalization. Since the 1970s, gross national income per person more than quadrupled from $550 to $2,770. The average life expectancy has increased from 55 years in 1970 to 72.5 in 2007.
Morocco is a fairly stable economy with continuous growth over the past half-century. Current GDP per capita grew 47% in the 1960s, reaching a peak growth of 274% in the 1970s. However, this proved unsustainable and growth scaled back sharply to just 8.2% in the 1980s and 8.9% in the 1990s.
The Grand Casablanca region is considered the locomotive of the development of the Moroccan economy. It attracts 32% of the country's production units and 56% of industrial labor. The region uses 30% of the national electricity production. With MAD 93 billion, the region contributes to 44% of the industrial production of the kingdom.
Casablanca is a port city on the Atlantic coast of western Morocco. Casablanca is Morocco's biggest city, principal port, and economic capital. The town of Casablanca was founded in 1515. It was an important strategic port during World War II and hosted the Anglo-American Summit in 1943. The city is served by Mohammed V International Airport.
Beginning in 1549, the region was ruled by successive Arab dynasties known as the Sharifian dynasties, who claimed descent from the prophet Muhammad. The first of these polities was the Saadi dynasty, which ruled Morocco from 1549 to 1659. From 1509 to 1549, the Saadi rulers had control of only the southern areas.
Marrakesh or Marrakech ( / məˈrækɛʃ / or / ˌmærəˈkɛʃ /; [3] Arabic: مراكش, romanized : murrākuš, pronounced [murraːkuʃ]) is the fourth-largest city in Morocco. [2] It is one of the four imperial cities of Morocco and is the capital of the Marrakesh–Safi region. The city lies west of the foothills of the Atlas Mountains .
When Morocco achieved independence in 1956, Mohammed V, the then King of Morocco, chose to have the capital remain at Rabat. Rabat's growth continued unabated. Rabat's growth continued unabated. The most important demographic shift after independence was the exodus of foreign nationals and their replacement by Moroccans, who gradually took over ...
The mining industry of Morocco is important to the national economy. Morocco is the world's largest producer of phosphate, and contains about 75% of the world's estimated reserves. [1] Mining contributed up to 35% of exports and 5% of GDP in 2011. [2] Foreign investors have found the investment climate, the infrastructure, fiscal situation, and ...