Economy
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. 33% of national industrial exportations, MAD 27 billions come from the Grand Casablanca. 30% of Moroccan banking network is concentrated in Casablanca.
One of the most important Casablancan exports is phosphate. Other industries include fishing, fish canning, sawmills, furniture production, building materials, glass, textiles, electronics, leather work, processed food, spirits, soft drinks, and cigarettes.
The Casablanca and Mohammedia seaports activity represent 50% of the international commercial flows of Morocco.
Almost the entire Casablanca waterfront is under development, mainly the construction of huge entertainment centres between the port and Hassan II Mosque, the Anfa Resort project near the business, entertainment and living centre of Megarama, the shopping and entertainment complex of Morocco Mall, as well as a complete renovation of the coastal walkway. The Sindbad park is planned to be totally renewed with rides, games and entertainment services.
Royal Air Maroc has its head office at the Casablanca-Anfa Airport. In 2004, it announced that it was moving its head office from Casablanca to a location in Province of Nouaceur, close to Mohammed V International Airport. The agreement to build the head office in Nouaceur was signed in 2009.
The biggest CBD of Casablanca and Maghreb is in the North of the town in Sidi Maarouf near the mosque of Hassan II and the biggest project of skycrapers of Maghreb and Africa Casablanca Marina.
Read more about this topic: Casablanca
Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)