Morocco Ranks 4th in MENA Region for Foreign Investment Attraction
The major efforts undertaken by Morocco to boost the country’s development have paid off. Indeed, the Kingdom has just been ranked 4th among the countries that attract the most foreign investment in the Middle East and North Africa (MENA) region.
According to the Report of the Arab Investment and Export Credit Guarantee Corporation (Dhaman) for the year 2019, cited by the InfoMédiaire website, Morocco has managed to attract 71 new projects in 2018. These performances position it in 4th place among the countries that attract the most foreign investment in the Middle East and North Africa (MENA) region.
According to the same source, the projects resulting from Foreign Direct Investment (FDI) within the Kingdom totaled $4.48 billion, contributing to the creation of 15,351 jobs, through 66 of these investments.
Furthermore, out of the $361.7 billion in Arab investments, Morocco captured a share of 4.5%, while Egypt came in first with a share of 25.2%, followed by Saudi Arabia (9.6%) and the Sultanate of Oman (8.3%), concludes the same source.
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