Home / Finance & Economy / Morocco, 3rd best destination in the world for foreign direct investment

Morocco, 3rd best destination in the world for foreign direct investment

Morocco is one of the countries that receive the most foreign direct investment (FDI) in the world, positioning itself in third place in a ranking dominated by Qatar and India, according to the IMF.

In a report on FDI for the year 2023 published by the Times, the kingdom is cited among the most attractive countries in the world. This is a document that takes into account the data of the 50 main destinations of FDI in the world, provided by the International Monetary Fund (IMF) and the Foreign Investment Monitor.

According to the ranking, Morocco ranks third in the world, benefiting from a strong investment dynamic. According to the IMF, the country’s GDP will increase by 3.1% in 2023 and inflation by 4.1%. Several investments will be devoted to renewable energies, it is specified.

Moreover, this ranking of the world’s best destinations for FDI is dominated by Qatar, due to the strong economic and investment dynamics it enjoys until 2023, according to the “fDi Intelligence” watchlist, followed by India. According to IMF forecasts, the Middle East and Central Asia will record growth of 3.6% in 2023 compared to 3.7% for sub-Saharan Africa.

Check Also

Morocco’s automotive exports up 34.9% at the end of September 2022

Automotive sector exports amounted to 77.68 billion dirhams for the first nine months of this …

Leave a Reply