Rabat – Moroccan minister of industry, trade, Investment and digital economy, Moulay Hafid Elalamy, said that China is poised to become an important source of Foreign Direct Investment (FDI) in Morocco.
China is poised to become an important source of FDI in Morocco. The strategic partnership between our two countries, established during the last royal visit to China, is called upon to boost bilateral relations, Elalamy stressed in an interview published in the latest issue of the weekly “Financial News”.
Chinese FDI rose by 195 per cent between 2011 and 2015 and multiplied by 5 in the 2013-2014 period, said the minister, adding that in 2015, the FDI increased by 94 pc, rising from 203 to 393 million dirhams.
He added that within the space of 2 years, China gained 15 places in the ranking of countries investing in Morocco (from the 32th position in 2013 to the 17th in 2015.)