Foreign investment in films drops by 50% in Morocco

Morocco’s film center has announced that it is ending 2020 business year with a 50% loss in foreign investment compared to the previous one. The Centre Cinématographique Marocain (CCM – Moroccan Centre for Cinematography) blamed the decrease on the coronavirus health crisis.

Since the start of the pandemic, Morocco has become empty of active film sets, ANSA reported. The health crisis and the restrictive measures adopted to avoid the spread of the virus, major Hollywood producers have been unable to travel to the Kingdom and shoot productions there.

According to CCM chief Sarim Fassi Fihri the center is «ending 2020 with about 400 million dirhams off foreign investment (just over 36 millions euros), compared with 800 million last year».

«Five large American production have pledged to film here in Morocco in 2021», he reassured. For the record, all cinemas in Morocco are still closed due to the pandemic.