Foreign investments in Morocco up
Foreign investments in Morocco amounted to DM 23.5 billion (2.35 billion Euro) in 2003, say a 246% increase compared to DM6.8 billion (680 million Euro) in 2002, a report by the Moroccan Investments Department, has indicated.
Foreign direct investments and loans amounted to a record level of DM98.7 billion during the last five years against DM31.5 billion in the 1994-1998 period, indicated the report.
European Union countries remain the largest investors in Morocco, with a share of 91%.
Investments in industrial projects come on top with DM18.87 million invested, followed by real estate (some DM2 billion), services (DM884 million) and telecoms (DM633.5 million).