PWC: Casablanca 4th City for Opportunities in Africa

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Rabat – Casablanca has ranked the fourth city for opportunities in Africa in a study released last March by American consulting confirm Pricewaterhouse Coopers LLC (PwC).

The study based its assessment of the potential of African cities for investors on five factors: current infrastructure or future potential, the location, the nature of the opportunity, the unique “must-have” or “knock out” factors, and the time scale.

North African cities emerge as the most attractive destinations for foreign investors.

According to the same source, Africa’s lowest city of opportunities is Cairo. It is followed by Tunis, Johannesburg, Casablanca, and Alger.

The Moroccan economic capital ranks first in “economics” criteria, with a score that reaches 122—well above Cairo (114), Tunis (119), and Johannesburg (115). It also ranks first as the city with the highest number of headquarters of the top 500 companies in Africa. It ranks fourth in terms of GDP per capita, and fifth in terms of the attraction of foreign direct investments (FDI), behind Nairobi, Accra, Lagos, and Johannesburg.

With regards to infrastructure, Casablanca ranks also first in terms of transportation infrastructure, third in terms of airport connectivity, and fourth in road security.

In terms of its human capital index, Casablanca ranks second in health system performance, fifth in enrolled graduates, sixth in physician/hospital bed density, ninth in health expenditure as percentage of GDP, and eleventh in terms of literacy and numeracy.

Source: Moroccoworldnews

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