(Ecofin Agency) – The Moroccan Foreign Exchange Office underlines that the upward trend in the flow of FDI to the kingdom should continue in the months to come, as the numerous investment agreements signed in recent months materialize.
Morocco attracted 5.8 billion dirhams (around $580 million) in foreign direct investment (FDI) in the first quarter of 2024, an amount up 56.2% compared to the same period of 2023, announced the Moroccan Foreign Exchange Office in a report published on Friday May 3, 2024.
The upward trend in the flow of FDI to the kingdom is expected to continue in the coming months, as the numerous investment agreements signed in recent months materialize, the same Source added.
The Moroccan Foreign Exchange Office also revealed that travel revenues reached 23.7 billion dirhams ($2.36 billion) between 1er January and March 31, 2024 compared to 24.9 billion during the same period in 2023, a decline of 5.1%.
Fund transfers from Moroccans living abroad (MRE) stood at 27.4 billion dirhams (2.73 billion dollars) during the first three months of the current year, a amount almost identical to that recorded during the same period the previous year.
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