France, UAE and Spain Biggest Investors in Morocco

Morocco-Third-Largest-Recipient-of-Foreign-Investment-in-AfricaA recent study released by the Moroccan government revealed the changing landscape of foreign direct investments (FDI) in Morocco in the years between 2000 and 2015.

An economic and financial report released alongside the latest finance law project 2017 (otherwise known as “projet de loi finances”) has examined the changes in the nature and quantity of investments coming from foreign countries.

It was reported that investments in telecommunications decreased from 28.6% in the period between 2000-2007 to a significantly lower 6.9% in the period 2008-2015. The tourism sector also experienced a decline, going from 15.5% to 9.9% in the same periods. Real estate, banking and energy and mines, however, have experienced an increase in foreign direct investment.

But where are these investments primarily coming from? An analysis of the source of these investments has revealed that France is the #1 foreign direct investor in Morocco, making up about 38% of all foreign investments. France is followed by the United Arab Emirates with a total of 13.4% of all investments.

Spain, which previously was the second biggest investor in Morocco, now holds third place with 5.4% of all FDIs coming from Spain. The United States shares third place with Spain, also making up 5.4% of all foreign investments.

In terms of investment from Arab countries, the UAE is followed by Saudi Arabia (4.7%), Kuwait (2.6%) and Qatar (1.2%).