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.
The mining sector of Morocco is at an all-time high. At no time has it performed the way that it is currently performing. That has led to the flow of investors from different parts of the world. The locals are also benefit because of the increase in the number of jobs. That has caused the constant drop in unemployment rate.
Because of many citizens of Morocco being gainfully employed, there is a very high standard of living. Living under a dollar a day is longer the case in this beautiful North African nation. In fact, there are citizens who are living a lifestyle of pomp and pleasure. Every day, many luxury goods from different western countries usually enter Morocco.
The mining sector is not the only one that is developing. In an economy, all industries are connected. Thus, if one industry develops the others develop as well. That is also the case in Morocco. There have been developments in the service sector. There is the need for many service companies to support the booming mining industry of Morocco.
One sector that has been positively affected by the mining sector is the real estate market. In any country, this is the sector that benefits the most from other sectors. That is because for any business activity to take place, there has to be a property that houses all the business operations. Land is a vital factor of production.
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 not only about slums, war, and poverty. There is the good side of Africa and it is Morocco. This country is an African success story just like Nigeria, Kenya, South Africa and Egypt. The success of Morocco has been the subject of many studies. This country is prospering due to huge deposits of minerals like copper, phosphate, and steel among others.
The mining sector of Morocco is at an all-time high. At no time has it performed the way that it is currently performing. That has led to the flow of investors from different parts of the world. The locals are also benefit because of the increase in the number of jobs. That has caused the constant drop in unemployment rate.
Because of many citizens of Morocco being gainfully employed, there is a very high standard of living. Living under a dollar a day is longer the case in this beautiful North African nation. In fact, there are citizens who are living a lifestyle of pomp and pleasure. Every day, many luxury goods from different western countries usually enter Morocco.
The mining sector is not the only one that is developing. In an economy, all industries are connected. Thus, if one industry develops the others develop as well. That is also the case in Morocco. There have been developments in the service sector. There is the need for many service companies to support the booming mining industry of Morocco.
One sector that has been positively affected by the mining sector is the real estate market. In any country, this is the sector that benefits the most from other sectors. That is because for any business activity to take place, there has to be a property that houses all the business operations. Land is a vital factor of production.
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 not only about slums, war, and poverty. There is the good side of Africa and it is Morocco. This country is an African success story just like Nigeria, Kenya, South Africa and Egypt. The success of Morocco has been the subject of many studies. This country is prospering due to huge deposits of minerals like copper, phosphate, and steel among others.
About the Author:
Learn more about Moroccan minerals and fossils, today. You can also get more info about Maja Inc.at http://majainc.com right now.