Home / Banking / Foreign Direct Investment in Morocco up 28.6% in 2018

Foreign Direct Investment in Morocco up 28.6% in 2018

The foreign direct investment (FDI) in Morocco hiked by 28.6 percent in 2018, the foreign exchange regulator said Wednesday.

Morocco attracted FDI worth 3.5 billion U.S. dollars last year, up from 2.72 billion dollars in 2017.

In 2018, remittances from some 5 million Moroccan expatriates decreased by 1.7 percent to 6.8 billion dollars, while Morocco’s tourism revenues increased by 1.4 percent to 7.5 billion dollars.

Tourism revenues and expatriates’ remittances are the main sources of Morocco’s foreign currency reserves.

Check Also

Collins Aerospace strengthens its presence in Morocco

The American company Collins Aerospace, which specializes in the manufacture of aeronautical equipment, will develop …

Leave a Reply