Foreign direct investment in Morocco increases by 19.6% in 2015

Foreign direct investment in Morocco has increased by 19.6 per cent during the first half of 2015, the country’s Exchange Office has revealed. Investment totalled $1.32 billion compared with $1.1 billion during the same period last year.

The Exchange Office’s monthly report said on Wednesday that Moroccan expatriates’ remittances reached $2.95 billion up to the end of June, an increase of 5 per cent on the same period in 2014, which saw a total of $2.81 billion sent back to the country.

According to the report, the country’s exports were valued at $11.22 billion during the first half of this year, an increase of 6.4 per cent, compared with the same period last year when the figure was $10.54 billion.

Imports, meanwhile, amounted to $19.06 billion up to the end of June, a decrease of 8.6 per cent on last year’s figure of $20.84 billion.