A report issued by the Exchange Office of the Moroccan Ministry of Finance and Economy showed that foreign direct investment flows to Morocco maintained their growth rate, although slightly, despite the precautionary measures taken by the government to confront the outbreak of the pandemic.
The net foreign capital inflow remained almost stable during the past year, reaching 16.7 billion dirhams ($1.87 billion) compared to 16.5 billion dirhams ($1.85 billion) in 2019.
According to the annual report for the year 2020 on the status of international investment in Morocco, participation shares rose by 14 percent to 11.4 billion dirhams ($1.28 billion), and it constitutes the main component of net foreign direct investment flows in Morocco with a share of 68.2 percent.
In recent years, Morocco has turned into a vast global magnet for investments across the country, ranging from port, airport and road development projects to cultural and tourism projects, up to the most ambitious renewable energy projects in the world. The Moroccan Agency for the Development of Investments and Exports contributes significantly to the country's openness to local and international markets, and to presenting Morocco as a competitive destination characterized by a stable business climate.
Source (London-based Al-Arab Newspaper, Edited)
