Casablanca Climbs the Global Financial Ranks

Casablanca continues to assert itself as a rising force in the global financial landscape, advancing steadily in international rankings despite a challenging environment. According to the 39th edition of the Global Financial Centres Index (GFCI), published by Z/Yen in collaboration with the China Development Institute, Morocco’s economic capital has moved up seven places to secure the 49th position worldwide.

Although its overall score dipped slightly by three points to 700, this performance stands out in a broader context where the average score across all financial centers declined by 1.82%.

Maintaining its status as Africa’s leading financial hub, Casablanca outperforms several prominent regional competitors. It ranks ahead of Mauritius, Johannesburg, and Cape Town, reinforcing its dominance on the continent.

Within the Middle East and Africa region, Casablanca holds fourth place, trailing only Dubai, Abu Dhabi, and Doha, the latter having recorded the most significant regional improvement.

Casablanca, Morocco’s Economic Hub, Strengthens Its Position Amid Global Challenges

One of Casablanca’s most impressive achievements lies in the fintech sector. Among 116 evaluated financial centers, the city surged twenty places to reach 50th globally, marking one of the strongest gains in this category. This leap highlights the effectiveness of ongoing efforts to cultivate a dynamic ecosystem that supports innovation, digital transformation, and financial technology development.

The report also points to Casablanca’s growing future potential. It is listed among the fifteen financial centers most likely to gain prominence over the next two to three years, receiving twenty-three mentions from industry experts. Additionally, the city enjoys a notable reputational advantage. The significant gap between its expert assessment score of 806 and its final rating of 700 suggests that professionals view Casablanca more favorably than current quantitative indicators might reflect.

Furthermore, Casablanca has been classified among the “Global Leaders,” a distinguished group that includes major financial hubs characterized by diversified services, sector specialization, and strong international connectivity. This recognition underscores the city’s expanding global relevance.

In a period marked by declining scores across many financial centers, Casablanca’s upward trajectory reinforces the strategic vision of Casablanca Finance City as a vital bridge linking Africa, Europe, and the Middle East.

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(Featured image by Maria Krasnova via Unsplash)

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First published in LES ECO.ma. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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