CASABLANCA, Morocco--(BUSINESS WIRE)--Casablanca has made a noteworthy entry into the Global Financial Centres Index (GFCI) rankings, according to a press release issued today in London by Z/Yen Group, the institution in charge of publishing the index.
Casablanca is ranked 62nd in the global rankings and second in Africa, ahead of Mauritius in an index which ranks global financial centres.
The GFCI ranks global financial centres, the main criterion being their relative competitiveness. It draws on two separate sources of data – one external which aggregates and includes 103 competitiveness indices including those of the World Bank, the WEF, the United Nations and the OECD. The second results from assessments by international finance professionals who are invited to complete a questionnaire comparing financial centres.
The GFCI rankings are influential in so much as they are used by multinational corporations to assess the quality of financial centres for their regional operations. Casablanca’s entry into the GFCI can only reinforce its reputation and attractiveness as a global financial market place.
In response to the publication of these rankings and Casablanca’s entry into the GFCI, Mr Said Ibrahimi, Chief Executive Office of Casablanca Finance City Authority, stated that “Being part of the GFCI ranking gives due recognition to our efforts to position casablanca as an economic and financial hub dedicated to the African continent. Under the leadership of His Majesty King Mohammed VI, who has emphasised and intensified Morocco’s vocation within Africa, the Kingdom has undeniably become one of the leading countries in the African continent”.
Link to the report The Global Financial Centres Index 15
Casablanca Finance City Authority, formerly Moroccan Financial Board, is a public-private partnership dedicated to positioning Casablanca as an international financial center, and a premier gateway into African markets for financial institutions, regional headquarters of multinational corporations, and professional services firms. CFCA is empowered by law with the overall management and promotion of Casablanca Finance City.
Additional information about CFC can be found at www.casablancafinancecity.com|Twitter: @casafinancecity | LinkedIn: http://www.linkedin.com/company/casablanca-finance-city