“With growing investment in the startup sector, a young, skilled workforce and support for innovation, Morocco is positioning itself as the future Silicon Valley,” the article titled “Morocco, the new Silicon Valley” reads.
Highlighting the factors behind this technological momentum and the opportunities Morocco offers entrepreneurs, the Spanish media outlet says that the Kingdom boasts a rapidly expanding startup ecosystem.
In this respect, the magazine sheds light on successful examples of innovative Moroccan startups and their impact on the national economy, while emphasizing the quality of the country’s education system “which produces the talent and skills needed for digital economy”.
Morocco, the same source adds, has also introduced a series of reforms with the aim of fostering a favorable environment for investment, particularly foreign investment, and thus bolstering its technological ecosystem.
In this regard, the magazine cites the tax advantages offered to technology companies, as well as the technological infrastructure available such as Internet connectivity and data centers.
To enshrine this growth and build a sustainable technological future, Morocco needs to address a number of challenges, including access to financing and building up cutting-edge skills, as well as exploring opportunities generated by artificial intelligence, precision agriculture and renewables, the issue notes.
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