Significant increase of Arab investment in Morocco
Arab investments in Morocco have significantly risen from $12.8 million in 2002 to $672.1 million in 2003. According to the latest report of the Arab Institution for Investments Guarantee, this increase makes Morocco the second country that attracts Arab investments after Lebanon, that posted $850 million (compared to $650 million in 2002).
The kingdom is followed by Saudi Arabia ($562 million), Sudan ($391 million), Bahrain ($191.7 million) and Yemen ($126.4 million).
Investments among Arab countries were estimated at $3.72 billion by the end of 2003, say an increase of 27.8 percent compared to the previous year, MAP reported.
As for direct foreign investments in Arab countries, the reports indicated they reached $6.5 billion, compared to $4.2 billion in 2002 and $6.7 billion in 2001. (menareport.com)
© 2004 Mena Report (www.menareport.com)