Morocco has done well in terms of capturing Foreign Direct Investment (FDI) since the advent of the pandemic in 2019. Compared to other Arab countries, the kingdom has managed to maintain a stable level from 2019 to 2021.
This is highlighted by a recent note from the Arab Monetary Fund (AMF), in which the organization recalls in particular that Morocco’s FDI amounted to $1.7 billion in 2019 and $1.8 billion in 2020. It should be noted that these figures are much lower than those of 2018, where the total amount of FDI was $3.2B.
This is due, on the one hand, to the diversification of the portfolio of the kingdom’s economic partners and, on the other hand, to the presence of numerous foreign structures, specialized in the processing industry, in particular the automobile and the textile industry.
The Fund’s report indicates that the amount of FDI in the Arab world showed a regression of 5.3%, which is equivalent to $36.9B in 2020, compared to $39B a year earlier.
Morocco stays the course
At the national level, FDI has been relatively stable from 2019 to 2021, according to data from Bank Al-Maghrib. In 2019, FDI in Morocco was around 4.5 billion dollars. In 2020, this figure decreased slightly to $4.2 billion, likely due to the economic impact of the COVID-19 pandemic. However, in 2021, it rebounded to $4.7 billion.