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The Guardian - UK
The Guardian - UK
World
Eromo Egbejule in Abidjan

High-rise, high expectations: is Casablanca’s finance hub a model for African development?

High-rise and buildings under construction with two women in foreground
The Casablanca Finance City’s high-rise buildings stand as a symbol of the city’s dream of being the gateway for international investment in Africa. Photograph: Martin Bertrand/Alamy

For centuries, Casablanca was a significant trading hub for merchants from across the breadth of the Atlantic coast, given its geographical position between Africa, the Middle East and Europe.

These days, Morocco’s economic capital is merging those historical roots with a strong modern commercial identity. One such manifestation is the Casablanca Finance City (CFC) district, whose high-rise buildings stand as a symbol of the city’s dream of being a main gateway for international investment into Africa.

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