Africa Business Communities
[Morocco] France, Spain leading sources of foreign direct investment

[Morocco] France, Spain leading sources of foreign direct investment

France, United Arabs Emirates and Spain are the largest sources of foreign direct investment in Morocco depicting a changing landscape in recent years according to a recent study released by the Moroccan government.

An economic and financial report released alongside the latest finance law project 2017 (otherwise known as “projet de loi finances”) has examined the changes in the nature and quantity of investments coming from foreign countries.

It was reported that investments in telecommunications decreased from 28.6 per cent in the period between 2000-2007 to a significantly lower 6.9 per cent in the period 2008-2015. The tourism sector also experienced a decline, going from 15.5 per cent to 9.9 per cent in the same periods. Real estate, banking and energy and mines, however, have experienced an increase in foreign direct investment.

But where are these investments primarily coming from? An analysis of the source of these investments has revealed that France is the #1 foreign direct investor in Morocco, making up about 38 per cent of all foreign investments. France is followed by the United Arab Emirates with a total of 13.4 per cent of all investments. 

Spain, which previously was the second biggest investor in Morocco, now holds third place with 5.4 per cent of all FDIs coming from Spain. The United States shares third place with Spain, also making up 5.4 per cent of all foreign investments.

In terms of investment from Arab countries, the UAE is followed by Saudi Arabia, 4.7 per cent, Kuwait, 2.6 per cent and Qatar, 1.2 per cent.

www.invest.gov.ma

 

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