The net flow of foreign direct investment (FDI) in Morocco fell by 7.2% and stood at around 8.34 billion dirhams (MMDH) at the end of June 2020, according to the Foreign Exchange Office. This is also the case for remittances from Moroccans living abroad .
The Four Seasons Hotel in Marrakech has been sold to the English fund Actis and the Ugandan Moez Mangajli.
Morocco intends to give a new impetus to public investment during the post-Covid-19 period. In total, a significant sum of around 40 billion DH will be injected each year.
China’s influence in the MENA (Middle East-North Africa) region is no longer to be demonstrated. The survey conducted by Arab Barometer reveals that 49% of Moroccans believe that there should be more Chinese investments in their country.
Very active in the distribution of veterinary products, mainly in France, as well as in other European countries and West Africa, the French Neftys Pharma is now settling in Morocco. It has acquired Pharmavet, one of the leading Moroccan veterinary laboratories.
Morocco plans to invest 40 billion dirhams per year to support the transport sector. It is a question of strengthening the development of infrastructure.
Morocco wants to set up a new component called the "Covid-19 Emergency Plan" within the Innov Invest Fund (FII). It aims to support and support the actors of the startup ecosystem to cope with this crisis.
Except for the ministries of the Interior, Education, and Health, no other department is allowed to create budgetary positions in 2021. In conveying this information to the ministers, the head of government explained that the repercussions of the pandemic have required the programming of a three-year austerity budget.
Morocco has put in place an emergency plan to secure the water supply for the populations of Tangier and Targuist. This plan is estimated at 360 million DH.
The "Providence Holding" group, in which Prince Moulay Rachid is the majority shareholder, will open a new industrial unit in the Rabat region. The factory will specialize in the production of crackers (dry biscuits, chips...)
Morocco continues to attract investors despite the health crisis related to the coronavirus. The overall investment volume is evidence of this.
The Ministry of Spatial Planning has just generalized the pre-instruction procedure and the re-examination of pending authorization application files.