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Rabat – Morocco’s Exchange Office has released new statistics on Foreign Direct Investment (FDI) to the north African country. The data from the end of November 2019 shows a drop in investment of 46.1%. FDI to According to the statistics, Morocco rested at MAD 17.7 billion compared to MAD 32.82 billion at the end of November 2018.
In a statement, the Exchange Office explained that the significant drop in foreign investment is due to the 30.9% fall in FDI receipts and a 12.9% increase in expenses.
However, direct investment from Moroccan living abroad saw a significant increase by the same date, increasing from MAD 2.89 billion to MAD and remittances sent by Moroccans living abroad remained stable. Remittances reached MAD 59.687 billion at the end of November 2019 compared to MAD 59.887 billion the previous year.
Meanwhile, Moroccan investment abroad saw a 35% increase, reaching MAD 10.049 billion during the same period. However, the transfer of the investments saw a 15.5% decrease.
