Riches are not only found in the west. They are also in Africa. The richest African countries are Nigeria, Egypt, South Africa, Algeria and Morocco. The transformation of Morocco from developing to developed country can be attributed to the presence of Moroccan minerals and fossils. These have facilitated the great leap of this nation that was decades ago a backwater with very little potential. Mineral wealth is evident in different parts of the country. The capital city, Rabat, is changing with every passing day because of the construction of new skyscrapers. Changes are also being witnessed in the countryside.
A lot of jobs are being created in the mining sector. There are many engineering jobs to the extent that the supply of jobs exceeds the number of available job seekers. That has made companies in Morocco to import workers from other African countries. Therefore, Morocco is not the only country benefiting. Other African nations are also benefiting from Morocco minerals.
There is a higher standard of living because of the high GDP of Morocco. Some people in this part of the world live just like people in the UK, France, Germany and the USA. That is due to high disposable income. Citizens of mineral rich countries usually earn a lot of money and there are many state incentives for citizens.
The development of mining sector has led to the development of supporting industries. In the national and international economy, no industry exists alone. Therefore, when one industry develops, the others develop as well. When there is failure in one sector, there will be a domino effect all across the board. That is how economics works in the world.
The real estate market of Morocco is constantly rising. The expatriates who are coming to work in the mines need high quality housing. That has led to a high demand of suburban housing. Mine workers also require accommodation. Most of them choose to live in apartments. Some people like to purchase houses while others prefer the option of renting housing.
The banks and the insurance companies have also benefited from the mineral wealth. The process of exploring and extracting minerals is capital intensive. It requires investments worth millions of dollars. No company can afford to raise capital all by itself. There will be the need to list shares on the stock exchange or to take a loan from a bank.
Morocco does not only have minerals. It also has one of the largest fossil deposits. Early humans made Africa their home. Some of them lived in Morocco. That is why very old human fossils have been found in this corner of Africa. There are also plenty of animal fossils. Remains of prehistoric animals have been found in Moroccan cities.
Africa is rising. The next big thing is Africa. It is not only about Nigeria, Egypt and South Africa. Morocco is also on top of the list due to its mineral wealth. This nation has a good business climate. It is also politically stable. These two conditions create the perfect environment for mining. It is very easy and safe to invest in Moroccan companies.
A lot of jobs are being created in the mining sector. There are many engineering jobs to the extent that the supply of jobs exceeds the number of available job seekers. That has made companies in Morocco to import workers from other African countries. Therefore, Morocco is not the only country benefiting. Other African nations are also benefiting from Morocco minerals.
There is a higher standard of living because of the high GDP of Morocco. Some people in this part of the world live just like people in the UK, France, Germany and the USA. That is due to high disposable income. Citizens of mineral rich countries usually earn a lot of money and there are many state incentives for citizens.
The development of mining sector has led to the development of supporting industries. In the national and international economy, no industry exists alone. Therefore, when one industry develops, the others develop as well. When there is failure in one sector, there will be a domino effect all across the board. That is how economics works in the world.
The real estate market of Morocco is constantly rising. The expatriates who are coming to work in the mines need high quality housing. That has led to a high demand of suburban housing. Mine workers also require accommodation. Most of them choose to live in apartments. Some people like to purchase houses while others prefer the option of renting housing.
The banks and the insurance companies have also benefited from the mineral wealth. The process of exploring and extracting minerals is capital intensive. It requires investments worth millions of dollars. No company can afford to raise capital all by itself. There will be the need to list shares on the stock exchange or to take a loan from a bank.
Morocco does not only have minerals. It also has one of the largest fossil deposits. Early humans made Africa their home. Some of them lived in Morocco. That is why very old human fossils have been found in this corner of Africa. There are also plenty of animal fossils. Remains of prehistoric animals have been found in Moroccan cities.
Africa is rising. The next big thing is Africa. It is not only about Nigeria, Egypt and South Africa. Morocco is also on top of the list due to its mineral wealth. This nation has a good business climate. It is also politically stable. These two conditions create the perfect environment for mining. It is very easy and safe to invest in Moroccan companies.
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