Morocco : good harvest in foreign direct investment

Morocco's Industry Minister Moulay Hafid Elalamy. Photo : FORBES

Casablanca, Morocco (ADV) – The flows of foreign direct investment (FDI) in Morocco hiked 36.7 percent between January and November in 2018, the foreign exchange regulator said Tuesday.

Morocco attracted 3.3 billion U.S. dollars in the first 11 months of 2018, up from 2.4 billion dollars a year earlier.

During the same period, Morocco’s tourism revenues increased by 0.7 percent to 7 billion lars.

Tourism revenues and expatriates’ remittances are the main sources of Morocco’s foreign currency reserves.

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