Morocco has attracted a steady flow of foreign direct investment, unlike the rest of North Africa, which has seen a sharp decline in FDI, said the Financial Times in a story published Thursday. It cited the remarks of Mr. James Zhan, director of investment and enterprise at UNCTAD, who described Morocco’s performance as “quite impressive”. “The traditional big investment destinations in the region are Egypt and Tunisia, but Tunisia has been in trouble and Egypt is just regaining attractiveness,” he says in the 2018 World Investment Report. Investment from France is up 25 per cent from 2017, led by the renewable energy and automotive sectors. Chinese companies have been building the Noor 2 and Noor 3 solar parks near Ouarzazate, 100km south-east of Marrakesh.

Source: The North Africa Journal January 24, 2019 12:00 UTC