Casablanca Finance City (CFC) Attracts Interest From Arabian Gulf

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• Publié par: casablanca-finance-city
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• Langue: English

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Casablanca Finance City (CFC) Attracts

Interest From Arabian Gulf

PR Newswire

DUBAI, June 15, 2012

DUBAI

,

June 15, 2012

/PRNewswire/ --

Casablanca Finance City, a financial centre designed to act as a catalyst for

growth in north and west

Africa

, is attracting growing interest from companies

in the GCC region. Amongst those realising the potential is

Abu Dhabi

-based

asset manager Invest A.D. who recently obtained a license.

The Moroccan Financial Board, which is responsible for running Casablanca

Finance City, held a seminar in

Dubai

this week that attracted senior executives

from UAE-based insurance companies, asset managers, banks and other

finance firms.

Casablanca Finance City will offer specific advantages to businesses operating

in financial services, professional services and insurance, and to regional

headquarters of multinational firms. With over 2,500 international businesses

already setting up shop in

Morocco

and creating a live ecosystem that takes

advantage of the country's strategic location,

Morocco

is well-placed as a

regional hub.

Said Ibrahimi, Chief Executive of the Moroccan Financial Board, and keynote

speaker at the seminar, said:

"It has been encouraging to see strong interest from companies in the Arabian

Gulf. North and west

Africa

has a prosperous future and Casablanca Finance

City is well placed to help investors to access opportunities in the region and

beyond by acting as a hub city. In investment terms much of this region is

uncharted territory and, by providing a gateway, Casablanca Finance City can

help investors to participate in

Africa's

exciting transformation."

Casablanca Finance City is pioneering a more collaborative way African

countries can work together to grow sustainably. The financial centre is

designed to aggregate opportunity, remove traditional barriers to investment

and give investors the economies of scale they need to take full advantage of

growth potential in "

Greater North West Africa

" (GNWA) region.

Through an ecosystem of international business, financial institutions and

professional services, Casablanca Finance City will keep dealings with diverse

African markets as simple and economical as possible, supporting the

ambitions of investors and GNWA countries.

Invest A.D., which manages funds investing in the

Middle East

and

Africa

, is

establishing an office in

Casablanca

to improve access to key markets in the

region, including

Nigeria

,

Morocco

, and

Tunisia

.

Nazem Fawwaz Al Kudsi, Chief Executive Officer at Invest A.D., said:

"Global institutional investors are looking to deploy more capital in

Africa

, and

want asset managers with on-the-ground expertise. We believe

Casablanca

is

an excellent base in

Africa

because of its geographical position, stability and its

fast developing ecosystem of international financial institutions."

Notes to editors

About the Moroccan Financial Board

The Moroccan Financial Board, a company made up of a public-private

partnership between significant figures of the financial sector, is responsible

under the law 44-10 relative to 'CFC Status' for the global running and

institutional promotion of Casablanca Finance City. Casablanca Finance City

aims to make

Casablanca

a regional hub of the financial profession and a

preferential gateway to African countries, in particular to the countries of

North, West and

Central Africa

.

http://www.mfboard.com

Press Contact

Casablanca Finance City

Fatim-zahra Saadani

Tel. : [phone]

[e-mail]