Casablanca Finance City (CFC) was described by U.S. Forbes Magazine as one of the most ambitious projects nursed by His Majesty King Mohammed VI, therefore acknowledging Casablanca in successfully becoming the “Africa’s leading financial hub”.
The said project will be the country’s regional finance hub and a privileged entry point for North, West, and Central Africa. The magazine noted on an article entitled “King Mohammed VI of Morocco Builds New Financial City for the World”, that, CFC was “developed for huge local and global foreign companies that seek to operate in the region and have access to French-speaking African markets”.
“To achieve this, in 2010 the King announced the creation of one of his most ambitious projects, the Casablanca Finance City (CFC), the publication further reported. Quoting an adviser of the project, he said, “that what Casablanca Finance City intends to do is trade market access to French-speaking Africa and giving fiscal and financial incentives to finance establishments, professional services businesses including legal and consulting firms and huge multinational companies with regional offices.” “Now, the latest financial center is appealing growing attention from investors. Last June, Invest A.D, an Abu Dhabi-based Asset Manager acquired a license to operate in the new finance hub.
Stated by a senior executive of Moroccan Investment Development Agency (AMDI) in a Forbes Magazine interview that they would like to bring the giant companies here, like the biggest brands in the world of professional services and finance – Citigroup, Goldman Sachs, JP Morgan, Bowman Gilfillan, General Electric, all of them. He also explained that there’s a large market in Francophone Africa which is still largely untouched.
“The Casablanca Finance City will offer a strong, reliable and significant platform for global companies to tap into these markets,” he ended.