Morocco’s Foreign Direct Investment Surges 12% Despite Pandemic Challenges

The net FDI flow reached the end of April 2021, a total of 6,452 MDH against 5,763 MDH a year earlier, an increase of 689 MDH (12%). The stability of Morocco’s economic growth has helped attract investments in several sectors of the manufacturing industry, particularly the automotive, aerospace and textile sectors.

In 2020, the foreign direct investments (FDI) received by Morocco remained practically at the same level as in 2019, amounting to $1.8 billion, according to the investment report, which also notes that the 2021 performance is approaching that achieved for the 2018-2019 period.

This feat was made possible thanks to the multiple reforms undertaken by Morocco in order to improve its investment climate and develop its attractiveness for foreign direct investment, explains Driss Effina on the Le360 website, university professor and chairman of the board of the Independent Center for Strategic Analysis.

"The Kingdom has thus put in place attractive incentives for any investment project. It has also signed free trade agreements with several major economic powers and ratified international conventions relating to the guarantee and protection of investment," continued the university professor, who notes that all these reforms combined with an active policy in terms of FDI-oriented promotion, explain this remarkable dynamic.