Morocco tops Maghreb region in attracting FDI

0 Comment(s)Print E-mail Xinhua, June 8, 2018
Adjust font size:

Morocco has attracted some 2.7 billion U.S. dollars of Foreign Direct Investment (FDI) in 2017, topping the Maghreb region, local media reported on Thursday.

Citing a report from the United Nations Conference on Trade and Development (UNCTAD), Le360.ma news site said FDI flows in Morocco increased by 23 percent in 2017.

Acording to the "World Investment Report 2018," Morocco overtook its neighboring Maghreb nations such as Algeria with 1.2 billion U.S. dollars and Tunisia with 0.9 billion U.S. dollars worth of FDI in 2017.

The FDI injected in the North African kingdom went up thanks to considerable investment into new car technologies (electrical, battery, cameras), the UN report said.

The boom of FDI in Morocco comes at a time when flows to North Africa continued to slide, reaching 13 billion U.S. dollars, down 4 percent from 2016. 


Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter