Posted by: Devdiscourse

Morocco has attracted around USD 2.7 billion of Foreign Direct Investment (FDI) in 2017, running past Maghreb region.

Morocco has attracted around USD 2.7 billion of Foreign Direct Investment (FDI) in 2017, running past Maghreb region.

According to the report from United Nations Conference on Trade and Development(UNCTAD), Foreign Direct Investment has increased 23 percent in Morocco.

The World Investment Report 2018 depicts that Morocco overtook its neighboring Maghreb nations such as Algeria with USD 1.2 billion and Tunisia with USD 0.9 billion worth of FDI in 2017.

The rise in FDI in North African kingdom went up due to investment in new car technologies, according to the UN report.

The sudden surge of FDI comes at e when flows to North Africa continued to slide, reaching USD 13 billion, down 4 percent from 2016.