Morocco was able to drain net foreign direct investment (FDI) inflows by $ 3.6 billion in 2018, an increase of 36% over 2017, according to the economic and financial report accompanying the project of Finance law (PLF 2020).
Thanks to this result, Morocco has improved its regional position ranking fourth in Africa in terms of hosting FDI, just behind Egypt (6.8 billion dollars), South Africa (5, 3 billion) and Congo (4.3 billion), the report says.
In 2018, the country structure of Morocco’s FDI inflows points to a sharp rebound in investment from Ireland, which became the largest investor in Morocco, with 20% of the total, after 10% in 2017, made observe the same source.
Ireland is ahead of France, which comes second with 17% of FDI inflows received by Morocco against 23% in 2017, adds the publication, which notes that the United Arab Emirates (8.2%), the Denmark (7%) and Spain (6%) respectively make up the list of the top five investor countries in the Kingdom.
In addition, the report points out that from a sectoral point of view, insurance and industry are the most attractive sectors of the national economy in 2018, accounting for 21% and 18.2% respectively of the total FDI received by the Morocco, they are followed by real estate (16%), trade (10%), energy and mining (9%) transport (8%) and tourism (5%).