“FDI in Morocco: United States Overtakes France with 7.4 Billion DH Flow in 2022”

With a flow of 7.4 billion dirhams achieved in 2022

Reconfiguration  : The United States leads the FDI race at the national level. The second place is occupied by France. The net flow of French FDI reached 3.25 billion DH for the 2022 financial year against 7.35 billion DH a year earlier.

The mapping of foreign direct investment in Morocco will be reconfigured in 2022. This is evidenced by updated data from the Foreign Exchange Office. Overall, the country of Uncle Sam dethrones France on the podium of the first foreign investors in Morocco. Out of a net flow of 21.75 billion DH of foreign direct investment (FDI) generated at the end of 2022, the contribution of American investors amounts to 7.4 billion DH. It is a clear improvement compared to the previous year when it did not exceed 692 million DH. In this regard, the United States leads the FDI race at the national level. The second place is occupied by France. The net flow of French FDI reached 3.25 billion DH for the 2022 financial year against 7.35 billion DH a year earlier.

British FDI saw their flow reach 2.88 billion DH at the end of 2022, whereas it was around 2.29 billion DH a year earlier. The figures from the Foreign Exchange Office also show flows of 2.53 billion DH of FDI from the United Arab Emirates, slowing down compared to the volume reached in 2021 (3.11 billion DH). The provisional data available until now also show a slight recovery in FDI from the Netherlands maintaining the upward trend displayed since 2021 and this after a decline observed in 2020 (-44 million DH). These flows have thus increased from 1.42 billion DH in 2021 to 1.5 billion DH in 2022. Spain comes in sixth position with a flow of 705 million DH while it was around 1.29 billion DH in 2021.

FDI from Ireland stood at around 617 million DH against 214 million DH in 2021. Those from China saw their flow recover from 97 million DH in 2021 to 523 million DH in the first half. 2022. The flow of FDI from Luxembourg has remained almost stable compared to 2021, i.e. around 477 million DH. FDI flows from Canada are at the same level, around 471 million DH, thus ahead of Switzerland (411 million DH), Cyprus (399 million DH), Germany (396 million DH) and Belgium ( 349 million DH).

As a reminder, the net flow of FDI showed an increase of 8.3% compared to 2021. This increase is the result of a 20.5% increase in receipts. Indeed, FDI receipts increased by 6.53 billion DH to reach 38.44 billion DH in 2022. Expenditures for their part were consolidated by 4.91 billion DH, an increase of 39.2%. It should be noted that manufacturing industries capture a large part of the FDI injected into the Kingdom for the year 2022. The flow achieved in this sector stands at 9.46 billion DH, thus being at its highest level since 2014. The real estate activity comes in second place with a flow of around 5.46 billion DH, relatively stable compared to a year earlier. Transport and warehousing comes in third place with flows of around 2.43 billion DH, thus marking a clear recovery compared to a year earlier (491 million DH). The flow of FDI carried out in the information and communication sector increased from 723 million DH in 2021 to 1.45 billion DH in 2022. The sector of trade, repair of automobiles and motorcycles holds for its part 1 33 billion DH of the overall flow of FDI at the end of 2022. FDI injected into the agriculture, forestry and fishing sector fell to 135 million DH against 1.10 billion DH in 2021.

There is also 267 million DH of FDI in accommodation and catering. At the same time, FDI injected into financial and insurance activities showed a negative flow of 3.12 billion DH at the end of 2021, stemming from 2.91 billion DH from financial services activities, excluding insurance and pension funds. including the activities of holding companies and -297 million dirhams of insurance at a time when the auxiliary activities of financial services and insurance achieved a positive flow of 49 million dirhams.