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Foreign direct investment in Morocco up 14.6 pct in 11 months

Xinhua,December 20, 2017 Adjust font size:

RABAT, Dec. 20 (Xinhua) -- Morocco attracted nearly 2.35 billion U.S. dollars of foreign direct investment (FDI) in the first 11 months of 2017, up 14.6 percent from last year, the foreign exchange regulator said Wednesday.

In 2016, FDI in Morocco declined 29 percent to 2.3 billion dollars after reaching 3.2 billion dollars in 2015, according to the United Nations Conference for Trade and Investment (UNCTAD).

Still, Morocco overtook its neighboring Maghreb nations including Algeria (1.5 billion dollars), Tunisia (958 million dollars) and Libya (493 million dollars), UNCTAD statistics show.

In addition, tourism revenues in Libya increased 6.5 percent to 6.8 billion dollars in the same period, while remittances from 4.5 million Moroccan expatriates rose 3 percent to 6.3 billion dollars. Enditem