In Africa, Casablanca alone beats consequences of COVID-19 

Casablanca ranked 54th out of 119 countries in the Financial Leadership Index, published by the British “Z/YEN” institution specialized in trade and consulting, and the China Development Institute.

The Kingdom’s economic capital scored 674 points in this year’s global financial centers index, 42 points ahead of the previous classification, outperforming cities like Moscow, Bangkok, Istanbul, and Doha.

In the Middle East and North Africa region, Casablanca came in fourth place in the MENA region, behind Dubai (17th globally), Abu Dhabi (32nd globally), and Tel Aviv (53rd globally).

In Africa, Casablanca alone was able to liberate itself from the consequences of the COVID-19  pandemic after its success in improving its international ranking, while all African countries competing with it declined this year, especially Johannesburg and Cape Town.

The international index measures the competitiveness of financial centers based on several sub-indicators, most notably business environment, human capital, infrastructure, financial sector development, economic reputation, and the adopted technological and innovative systems.

New York topped the world rankings related to financial centers, with 760 points, followed by London with 731 points, Singapore with 726 points, Hong Kong with 725 points, San Francisco with 724 points, and Shanghai with 723 points.