The industrial sector represents 26.5% of FDI, followed by the real estate sector with 24.5% (7.2 MMDH) and the financial and insurance activities with a rate of 13% (3.3 billion dirhams ), indicates the Ministry of Industry, Trade and the Green and Digital Economy in a note which analyzes the figures of the Exchange Office relating to FDI in 2019.
Nearly half of FDI in the industrial sector, or 47.5%, estimated at 5.3 billion dirhams, is monopolized by the automotive sector where FDI increased by 32.5%, adds the note, pointing out that the food industry and the pharmaceutical industry also benefited from FDI from the industrial sector with respective amounts of 1.8 MMDH (+ 131%), and 1.4 MMDH (+ 39%).
The chemical industry attracted 3.4% of FDI from the industrial sector, which represents revenues of around 372.3 million dirhams, while the industries specializing in the manufacture of electrical equipment totaled 263.2 million dirhams of FDI.
The dynamics recorded by FDI in the industry sector in Morocco is not limited to the year 2019, notes the note, adding that it marks the continuation of an ascending curve over the last five years.
Over the 2015-2019 period, industrial FDI increased on average by 6.3% per year, mainly driven by the automobile, whose revenues (from FDI) doubled, with an average growth rate of 22% ( during this period), going from 2.4 billion dirhams in 2015 to 5.3 billion dirhams in 2019.
FDI receipts from the industrial sector are characterized by their regularity over the entire period concerned and register an annual average of 9 billion dirhams between 2015 and 2019, concludes the note.
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