Morocco’s FDI Reach MAD 11.1 Billion Net Flow in 2023 (Exchange Office)

Rabat - The net flow of foreign direct investments (FDI) in Morocco reached 11.1 billion Moroccan dirhams (MAD) in 2023, compared to MAD 23 billion in 2022, a decrease of 51.7%, according to the Foreign Exchange Office.According to the Office's 2023 annual report on Morocco's balance of payments and international investment position, this decline wasdue to a rise in expenditure, from MAD 17.3 billion in 2022 to MAD 23.5 billion in 2023 (+35,8%), and a decrease in revenue, which fell to MAD 34.6 billion in 2023 compared to MAD 40.3 billion in 2022 (-14.1%).This situation is explained by the combined decline in net inflows of debt instruments by 70.6% (+MAD 2.5 billion in 2023 compared to +MAD 8.5 billion in 2022) and net inflows of equity securities by 48.9% (+MAD 6.1 billion in 2023 compared to +MAD 11.9 billion in 2022), while reinvested earnings remain almost stable at MAD 2.5 billion.By sector, in terms of net flows, the real estate sector ranked first in 2023 (MAD +5.9 billion with a 53% share of to tal net FDI flows to Morocco), followed by the transport and warehousing sector (MAD +2 billion with an 18.3% share of total net FDI flows), and then financial and insurance activities (+MAD 1.5 bln with a 13.4% share of total net FDI flows).The share of these three sectors in the total net FDI flows amounted to 84.7% in 2023.Source: Agence Marocaine De Presse