''The success of investment in Morocco is based on a combination of factors such as sound government policies, progressive economic reforms and sustained efforts to create a business-friendly environment'', notes the Spanish think tank in its September report.

Morocco has pursued "firm and ambitious strategies" with the aim of transforming itself into an industrialized country, while reducing its dependence on imports, according to the Spanish study center, pointing out that this "strategic" vision has borne fruit.

This industrial growth is the outcome of a series of "comprehensive measures" implemented in recent years, including expanding investment in industrial infrastructure, improving governance and public administration systems, and extending incentives and support to foreign manufacturing companies, the same source underlines.

In this regard, Coordenadas highlights the diversification of business partners and target markets as a "key element" of this dynamic.