MOROCCAN GOVERNMENT TAPS BABSON GLOBAL TO ADVISE ON DEVELOPMENT OF AN 'ENTERPRISE CITY'

Babson Global to collaborate with Moroccan Ministry of Industry, Trade, Investment, and Digital Economy

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The Moroccan government announced it has selected Babson Global to advise on the development of an ‘Enterprise City.’ An Enterprise City is a zone with a new pro-competitive legal, economic, and governance framework that creates prosperity, jobs, and incentivizes entrepreneurial activity.

The official announcement was made at a signing event on November 20 during the U.S. State Department’s fifth annual Global Entrepreneurship Summit in Marrakech, Morocco. His Excellency, Minister of Commerce Moulay Hafid Elalamy, of Morocco, joined Babson Global’s Shanker Singham, Managing Director of the Babson Global Competitiveness and Enterprise Development Project, to sign a Memorandum of Understanding, to officially launch a Joint Feasibility Exercise with Babson Global regarding an Enterprise City in Morocco. 
 
"Through the signing of this memorandum, we hope to benefit from the expertise and experience of Babson Global as we collaborate on a feasibility study that will help us assess the advisability of setting up an ‘Enterprise City’ project in Morocco,” said Elalamy.  “This initiative, part of the efforts deployed by Morocco through all the reforms undertaken in recent years under the high Royal directives, is intended to further develop entrepreneurship and the creation of jobs such as the industrial Acceleration Plan 2014-2020 whose operationalization is undergoing.”
 
The initial phase of this project will involve Babson Global’s diagnostic of economic and regulatory barriers to economic activity in Morocco and the region, the identification and quantification of solutions to spur socially inclusive growth, and the development of a regulatory framework to translate the goals of the Moroccan government, stakeholders and developers into a binding set of rules for the zone.
 
“We look forward to working closely with the Moroccan Ministry of Industry, Trade, Investment and Digital Economy and the other stakeholders  to provide the soft infrastructure – the diagnostic, solutions and ultimately the regulatory framework which will support investment, foreign and domestic, domestic entrepreneurial activity and job creation,” said Singham.

About the Global Entrepreneurship Summit

The 2014 Global Entrepreneurship Summit marks the fifth year of continued U.S. commitment to promoting entrepreneurs through this forum and the first time it is being held in Africa. The original Summit was hosted in 2010 in Washington to identify ways to deepen ties between business leaders, foundations, universities, and entrepreneurs in the United States and Muslim communities around the world. In s​​ubsequent years, the Summit has expanded to be a global event, hosted by the governments of Turkey, the United Arab Emirates, and Malaysia. This year, the Government of Morocco has graciously opened its doors as the host, showing its shared commitment to promoting entrepreneurship in Africa and around the world.

About the Accelerated Industrial Plan 2014-2020

The Accelerated Industrial Plan, presented to His Majesty, April 2, 2014, has as purpose to strengthen the role of the industry as a provider of employment and growth driver aims. The program should, by 2020, generate half a million jobs in the sector with the added bonus of a significant increase in the share of industry in GDP which is expected to grow from 14 percent to 23 percent.

About Babson Global

Babson Global is a wholly owned subsidiary of Babson College designed to increase the college’s global reach. The mission of Babson Global is to put the power of entrepreneurship as the greatest force for social and economic value creation, in the hands of as many people in the world as we can. Babson Global delivers programs that extend Babson’s unique pedagogy based on Entrepreneurial Thought and Action™ to new populations beyond the audience for our current undergraduate, graduate, and executive education programs. The Babson Global Competitiveness and Enterprise Development Project works with developing countries to put in place the necessary regulatory environment and infrastructure that will spur economic growth and set the pre-conditions required for entrepreneurship.

About Babson College

Babson College is the educator, convener, and thought leader for Entrepreneurship of All Kinds™. The College is a dynamic living and learning laboratory, where students, faculty, and staff work together to address the real-world problems of business and society—while at the same time evolving our methods and advancing our programs. We shape the leaders our world needs most: those with strong functional knowledge and the skills and vision to navigate change, accommodate ambiguity, surmoun​​t complexity, and motivate teams in a common purpose to create economic and social value. As we have for nearly a half-century, Babson continues to advance Entrepreneurial Thought and Action® as the most positive force on the planet for generating sustainable economic and social value.​​​​​​​​​​​​​​

By Barbara Spies Blair, blairb@babson.edu, 781-239-4621 | 12/03/2014 10:50