Morocco retained its regional ranking in foreign investment despite global crisis- Benkirane

Rabat, June 30, 2012 (MAP)

The head of the government, Abdelilah Benkirane, said on Friday that Morocco has retained its ranking at the regional level in terms of foreign investment attraction despite the global financial crisis.

 Mr. Benkirane, who was speaking at the monthly session of oral questions in the House of Representatives devoted to public policy, said that Morocco has attracted 10% of the volume of investments bound for the Middle East and Africa North.

The tourism sector ranks first, followed by the banking sector, he said, adding that the European Union’s investments accounted for up to 76% of investments attracted by the Kingdom.

 In this regard, he said that the government programme of action pays special attention to investment and to the monitoring of investment contracts benefiting from government incentives, in addition to improving the business climate.

 M. Benkirane also said that the government is resolved to improve the business climate, develop good governance and continue the justice reform in collaboration with all stakeholders.

The opposition MPs deemed that the economic field is witnessing a wait-and-see attitude and that investment figures “have no effect on the level of development and employment”