Morocco’s FDI Reach Record MAD 16.1 Bln in Jan-May

Foreign direct investment (FDI) reached a record 16.1 billion dirhams (MAD) at the end of May, up almost 20% compared to the same period a year earlier, Government Spokesperson, Mustapha Baitas said on Thursday.This record increase, considered to be the second highest level of FDI in the history of the national economy, is essentially driven by the reforms undertaken by the government, notably the investment charter and the business climate, Baitas underlined during a press briefing at the end of the Government Council.The Minister noted since the implementation of the New Investment Charter in March 2023, the National Investment Committee held five sessions during which 115 projects with a value of 173 billion dirhams were approved, enabling the creation of 96,000 new jobs.The Minister added that 82% of these projects "have started and will have a significant impact on FDI, as well as on national private investment."Source: Agence Marocaine De Presse