Rabat - Moroccan investments in Côte d'Ivoire in 2016 reached USD 213 million, placing the kingdom at the head of the active countries in terms of FDI, according to a study carried out by Ecofin on foreign direct investment (FDI) flows in Côte d'Ivoire.
Rabat – Moroccan investments in Côte d’Ivoire in 2016 reached USD 213 million, placing the kingdom at the head of the active countries in terms of FDI, according to a study carried out by Ecofin on foreign direct investment (FDI) flows in Côte d’Ivoire.
Morocco is the top provider of funds in Côte d’Ivoire, ahead of France, traditionally a leader in terms of volume mobilized, with investments estimated at USD 112 million. Ecofin considers these results to be unsurprising, since Morocco and Côte d’Ivoire have jointly developed numerous multi-sectoral partnerships since 2013, making the country the first destination for Moroccan FDI.
The investments mobilized by the kingdom have a structuring scope, notes Ecofin, leading to the creation of added value and local jobs in various sectors such as construction, manufacturing, chemical and agri-food, training, housing, and economic and social infrastructure.
Moreover, the strategic rapprochement between Morocco and its partner has shown its relevance by multiplying the volume of trade by 4, with an advantage for Morocco amounting to more than MAD 1 billion in trade balance.
The signing of the Memorandum of Understanding on the strengthening of the advanced economic partnership, as well as the establishment of the Moroccan-Ivory Coast Economic Impulse Group (GIEMCI) on January 21, 2015, “contributed greatly to the development of the trade relations that bind the two countries,” notes Ecofin, adding that “it represents an inexhaustible potential for improvement.”
It should be noted that Morocco and France are not in competition with any of the other countries present in their investments, namely the United States with USD 22 million, the United Kingdom with 17 million, and China with 16 million.