Morocco 5th Most Attractive in Arab World for Foreign Investment: SAGIC

2017-07-19 08:55:13

(MENAFN- Morocco World News) Rabat – Morocco ranks first in the Maghreb region and fifth in the Arab world in terms of FDI flows in 2016, worth a total of USD 2.5 billion, representing 7.5 percent of the total foreign investments received in the Arab countries, .

In a study run by the corporation which analyzed 109 country annually, Morocco ranked ahead of Algeria (6th), Tunisia (9th) and Libya (11th).

The study entitled "Investment Climate in Arab Countries", based on 58 indices and factors providing an overview of foreign investment in 109 Arab countries, ranked the United Arab Emirates first in the list with USD 9 billion worth of FDI in 2016, followed by Egypt, Saudi Arabia, and Lebanon.

France topped the list of the most important countries investing in Morocco between January 2012 and December 2016, with a total amount of USD 3.5 billion and 83 projects supervised by 77 companies. China came second with USD 2.8 billion, followed by the UAE in third place with USD 2.7 billion.

The United States is the fourth largest foreign investor in Morocco with USD 1.8 billion, followed by Spain with 1.6 billion and Italy with USD 1.5 billion.

According to the study, investments in Morocco were mainly concentrated on 10 sectors, including renewable energies, real estate, and the automobile industry.

Shanghai Chinese Electronic is one of the top five investment companies in the kingdom between 2012 and 2016, followed by Italian Enel, PSA Group and Middle East Development from France, and the Emirati company Ap Mollet Maersk.

In terms of new FDI projects, Morocco is ranked 5th on the list with a backlog of USD 6.5 billion, or 7.1 percent, in the Arab world. During the period 2003-2016, Morocco received 888 new projects, creating 241,772 jobs in 698 companies. In first place, Egypt recorded USD 40.9 billion, with more than 44 percent of new projects in the MENA region.

The study also showed that Morocco mainly exports electronic appliances, railway products, clothing, fertilizers, and fish.

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