Foreign Investments in Morocco Skyrocket in 2003
2004-11-12
Foreign investments in Morocco reached 2.35 billion euros in 2003, a 246 per cent increase compared to 680m euros in 2002, according to a Moroccan Department of Investments report. Foreign direct investments and loans reached a record 9.87 billion euros over the last five years. The report says the increased investment activity stems from government efforts to improve the country's investment climate. With some 91 per cent of the total foreign direct investment, EU countries remain the largest investors in Morocco. Industrial investments are the most active followed by real estate, services, and telecoms. (MAP)
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