UNCTAD : Foreign investments in Morocco reached $2.7 billion in 2017

Foreign direct investments (FDI) into Morocco reached $2.7 billion in 2017, up 23% compared with last year, according to the United Nations Conference on Trade and Development (UNCTAD).

«Strong diversified investment into Morocco contrasted with declines in FDI to the rest of North Africa (…). FDI flows to North Africa were down 4 per cent to $13 billion», notes the «World Investment Report 2018», published on Wednesday.

It also points out that Morocco still attracts considerable investments in the financial sector, especially in new car technologies (electrical, battery, cameras). «By the end of 2017, the Government had confirmed 26 auto industry investments worth $1.45 billion, including a deal with Renault (France) to increase local sourcing of components to 55%», adds the same source.

The boom of FDI in Morocco comes at a time when flows to Africa continued to slide, reaching $42 billion, down 21% from 2016, the report underlines.