Casablanca Finance City (CFC) () is an economic and financial center located in
Casablanca, Morocco
Casablanca, also known in Arabic as Dar al-Bayda ( ar, الدَّار الْبَيْضَاء, al-Dār al-Bayḍāʾ, ; ber, ⴹⴹⴰⵕⵍⴱⵉⴹⴰ, ḍḍaṛlbiḍa, : "White House") is the largest city in Morocco and the country's econom ...
. Its goal is to act as a bridge between north and south by attracting international institutions and investors to invest and operate in North, West, and Central Africa, with Casablanca serving as the gateway to the region. The center focuses on three business categories: financial companies, professional services providers, and regional or international headquarters of multinationals.
CFC was established by law No. 44-10 in December 2010, which created the "CFC Status." The Casablanca Finance City Authority is responsible for managing and promoting CFC. Companies with this status are eligible for tax incentives, exchange control facilitation measures, and other benefits. They can also relocate to the CFC
real estate development
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw Real Estate, land and the sale of developed land or parcels ...
compound, located at the former
Anfa Airport. As of the end of 2015, a hundred groups had obtained CFC status.
In 2014, Casablanca Finance City joined the
Global Financial Centres Index
The Global Financial Centres Index (GFCI) is a ranking of the competitiveness of financial centres based on over 29,000 financial centre assessments from an online questionnaire together with over 100 indices from organisations such as the World ...
, and in April 2016, it was ranked as the top African financial center and the 33rd international economic hub.
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External links
CasablancaFinanceCity.com
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2010 establishments in Morocco
Law of Morocco
Casablanca