Moroccan Expat Investments Surge 80% in 2019, Boosting Foreign Direct Investment

From January to July 2019, direct investment expenditure abroad (FDI) recorded an increase of 80.4% to 6.64 billion dirhams, while receipts fell slightly by 1.3%.

As for the remittances made by Moroccans residing abroad (MRE), they recorded a 1% decrease to 37.38 billion dirhams, at the end of July 2019.

On the other hand, travel receipts reached 40.95 billion dirhams at the end of July 2019 compared to 38.7 billion dirhams in the same period of the previous year, while travel expenses increased from 10.71 billion dirhams in 2018 to 11.43 billion dirhams in 2019, an increase of 6.7%.

At the level of FDI flows to Morocco, they reached nearly 10.54 billion dirhams (MMDH) at the end of July 2019, compared to 12.72 MMDH a year earlier, a decrease of 17.2%, according to the Office des Changes.

This result can be justified by the 16% increase in FDI expenditure to 8.86 MMDH, combined with a 4.7% decrease in receipts, recalls the Office des Changes, in a note on the indicators of foreign trade for the month of July.