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Foreign direct investment in Morocco: 2021 figures

Five countries monopolize 78.4% of the total net flow of FDI in Morocco in 2021.

Three sectors monopolize 55.6% of the flow of foreign direct investment in Morocco, which appreciated by 43.6% in 2021 to 19.4 billion DH. These are real estate, manufacturing industries and financial and insurance activities. France has been the main investor in the Kingdom and Africa remains the preferred destination for Moroccan direct investment abroad. These notably target financial and insurance activities, manufacturing industries and extractive industries.

More than half of foreign direct investment in Morocco, which appreciated by 43.6% in 2021 to 19.4 billion DH, was concentrated in three sectors. These are real estate activities (27% of total FDI in Morocco), manufacturing industries (17.3%) and financial and insurance activities (11.3%). Between them, they represent 55.6% of the total net flow, against 61.5% a year earlier. This is what emerges from the 2021 annual report on Morocco’s balance of payments and international investment position published by the Foreign Exchange Office. By country, France is the leading investor in Morocco in 2021 with a net flow of 6 billion DH, up 2.1 billion in one year. For its part, the net flow of FDI from the United Arab Emirates amounts to 4 billion DH, followed by Great Britain (2.8 billion), the Netherlands (1.7 billion) and the States with 0.7 billion. These five countries monopolize 78.4% of the total net flow of FDI in Morocco in 2021.

Africa represents 58.5% of Moroccan direct investment abroad

For their part, Moroccan direct investment abroad (IDME) reached 18.2 billion dirhams, an increase of 10.6 billion over one year. At the same time, the disposals of these investments recorded an increase of 10.4 billion DH, according to the Foreign Exchange Office, to reach 13.6 billion. Thus, the net flow of IDME records an increase of 4.5%. IDMEs are carried out mainly in financial and insurance activities (2.6 billion DH). The latter are followed by manufacturing industries (2.1 billion) and extractive industries (0.2 billion). The main countries of destination are France (1.4 billion DH), Côte d’Ivoire (1.2 billion), the United States (0.5 billion), Egypt (0.5 billion) and Nigeria (0.5 billion). “These five countries represent 89.5% of the total net flow of IDMEs in 2021”, notes the Office. Africa is the main destination for Moroccan direct investment abroad with a share of 58.1%, compared to 58.5% in 2020 and 57.7% in 2019.