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Join on Telegram Laayoune – France received the largest amount of Moroccan Foreign Direct Investment (FDI) in 2021.
According to the Moroccan Exchange Office’s latest report, Morocco invested over MAD 1.44 billion ($140 million) in France, making up 31.7% of total Moroccan FDI in 2021.
This is a significant increase of MAD 980 million ($95 million) worth of Moroccan FDI in France from 2020, when it was only MAD 461 million ($45 million) comprising 10.6% of the total FDI sum.
The Ivory Coast came in second as the most popular African country for Moroccan investors in 2021. The Ivory coast welcomed over MAD 1.24 billion ($120 million) of Moroccan investment, which is 27.2% of Morocco’s total FDI in 2021.
Following the West African country, the United States, Egypt, and Nigeria, drew slightly over MAD 450 million ($44 million) in Moroccan investment. The three countries’ total FDI percentage amounted to 30.5%.
Read also: Foreign Investment in Morocco Rises by 52% In 2021
Out of the total, 89.5% of the FDI net flow during the course of the previous year was distributed among these five countries. With a share of 58.1% in 2021 compared to 58.5% in 2020 and 57.7% in 2019.
Africa remains the top region for Moroccan investment, with seven African nations holding spots in the top 10 countries that garnered Moroccan FDI in 2021.
The Moroccan Exchange Office was created on January 22, 1958. It is a public institution that is financially independent. The exchange office is subject to the Ministry of Finance, which sets the guidelines of its management and control, and determines its annual budget.
