Casablanca Finance City (CFC) (Arabic: القطب المالي للدار البيضاء) is an economic and financial center located in Casablanca, Morocco. 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 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, and in April 2016, it was ranked as the top African financial center and the 33rd international economic hub.[1]

References

  1. ↑ "GFCI ranking 2016". Archived from the original on 2016-04-08. Retrieved 2016-04-05.

33°33′25″N 7°39′38″W / 33.5569°N 7.6606°W / 33.5569; -7.6606

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