Morocco first among African countries attracting FDI

Published August 3rd, 2005 - 08:43 GMT

According a recent report on global investments, Morocco is classified as first among African states attracting Foreign Direct Investment (FDI) with a clear increase in recent years. Yabiladi reports that the total amount of the foreign direct investment recorded in 2003 rose to 24 billion dirham thanks to enhanced incentives for foreign investors and to the developments in the basic infrastructures.

 

According the report, Morocco attracts a great deal of foreign direct investments from the Mediterranean countries, 41% of which comes from France and 27 % comes from Spain.