Every country in the world has mineral deposits. However, some countries have huge mineral reserves. Such countries are very wealthy. Qatar is the wealthiest country in the planet. This is due to having very large natural gas reserves. Russia, USA and China also greatly attribute their wealth to the sale of mineral products. That is also the case with Morocco. This country derives great economic benefits from Moroccan minerals and fossils. It has certain valuable mineral varieties. Morocco is also known for rare fossils some of which date back millions of years ago.
The mining industry is highly complex. It needs people who have brains. For this industry to thrive there has to be a highly skilled workforce. There is also need for some non-skilled labor. Both these types of manpower are abundantly available in Morocco. This country has a world class education system that usually produces very skilled graduates every year. Morocco has many engineers, accountants and health practitioners.
Mining needs money. In any economic endeavor, cash has to be invested. When talking about exploring or extracting a mineral, the sum in question can be millions or billions of dollars. In some cases, it is hard to raise the entire capital amount locally. Thus, there has to be the involvement of foreign investors and international financial institutions like IMF.
People from other countries love to invest in Morocco. This is because this is one of the few countries in Africa that has a good investment climate. It is easy to open a company in Morocco. The whole affair can take a number of days. There is also a fairly developed banking system. Moroccan financial markets are very stable and advanced.
This Northern African country is also an oasis of peace. It has never been affected by war or post election violence as has been the case with many other African countries. When there was the Arab spring in most Arab countries, Morocco was peaceful. Because of the relative political stability, the Moroccan mining industry has greatly thrived over the years.
In Africa, Morocco is a rare country from an economic standpoint. This is because most African countries depend on agriculture. However, for the case of Morocco, most of her chief exports are minerals. In fact, more than 30% of the exports of this country are minerals. They also make up 5% of the Gross Domestic Product. Morocco has good per capita.
The phosphate of Morocco is one of the best in the world. It is extremely high quality phosphate that can be used for a wide range of applications. Morocco is the third largest phosphate producer after United States and China. Morocco does not only export raw phosphate. It also exports finished phosphate products because there are a number of manufacturers.
At the northern tip of Africa, there is Morocco and Western Sahara. A good percentage of the lands of these countries is made up of the Sahara desert. This makes it hard if not impossible for these countries to engage in agricultural production. The economy of Morocco does not depend on agriculture because of lack of rains. It depends on the production and sell of minerals.
The mining industry is highly complex. It needs people who have brains. For this industry to thrive there has to be a highly skilled workforce. There is also need for some non-skilled labor. Both these types of manpower are abundantly available in Morocco. This country has a world class education system that usually produces very skilled graduates every year. Morocco has many engineers, accountants and health practitioners.
Mining needs money. In any economic endeavor, cash has to be invested. When talking about exploring or extracting a mineral, the sum in question can be millions or billions of dollars. In some cases, it is hard to raise the entire capital amount locally. Thus, there has to be the involvement of foreign investors and international financial institutions like IMF.
People from other countries love to invest in Morocco. This is because this is one of the few countries in Africa that has a good investment climate. It is easy to open a company in Morocco. The whole affair can take a number of days. There is also a fairly developed banking system. Moroccan financial markets are very stable and advanced.
This Northern African country is also an oasis of peace. It has never been affected by war or post election violence as has been the case with many other African countries. When there was the Arab spring in most Arab countries, Morocco was peaceful. Because of the relative political stability, the Moroccan mining industry has greatly thrived over the years.
In Africa, Morocco is a rare country from an economic standpoint. This is because most African countries depend on agriculture. However, for the case of Morocco, most of her chief exports are minerals. In fact, more than 30% of the exports of this country are minerals. They also make up 5% of the Gross Domestic Product. Morocco has good per capita.
The phosphate of Morocco is one of the best in the world. It is extremely high quality phosphate that can be used for a wide range of applications. Morocco is the third largest phosphate producer after United States and China. Morocco does not only export raw phosphate. It also exports finished phosphate products because there are a number of manufacturers.
At the northern tip of Africa, there is Morocco and Western Sahara. A good percentage of the lands of these countries is made up of the Sahara desert. This makes it hard if not impossible for these countries to engage in agricultural production. The economy of Morocco does not depend on agriculture because of lack of rains. It depends on the production and sell of minerals.
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