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Abdellatif Jouahri Benedicte Gravrand, Opalesque Geneva:

A forward-looking North-African country has started a financial hub in its busiest Atlantic-coast city.

Casablanca is Morocco's largest city as well as its chief port – as well as its economic and business center. The launch of Casablanca Financial City, a custom-made village for large national and foreign institutions which want to operate in the region and have access to Africa, was announced this summer in the Moroccan press for November. Abdellatif Jouahri, the governor of the Central bank, Bank Al Maghrib, also said that the urban planning around the nearby Anfa airport had been finalised. Saïd Ibrahimi was named head of the Moroccan Financial Board (MFBoard), a public-private initiative established in 2010, which will oversee the development, promotion and overall management of the City.

The king of Morocco started this project in April 2010 but the idea was apparently born in 2008. Casablanca Financial City (or CFC), which has its own Facebook page, wants to compete directly with Tunis, Cairo, and other places in MENA.

Morocco’s decision to create this brand new hub is set to play a pivotal role in the country’s ambitious programme of economic development, according to a ......................

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