An analysis of the Foreign Exchange Direct Investment (FDI) figures for 2019 from the Exchange Office reveals the following observations:
– The industrial sector is the main beneficiary of the revenue generated by FDI for the year 2019, with an amount of 11.1 billion dirhams, an increase of 27.2% compared to 2018. The industrial sector represents 26.5% of FDI, followed by the real estate sector with 24.5% (7.2 billion dirhams) and financial and insurance activities with a rate of 13% (3.3 billion dirhams).
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– Almost 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%.
– The food and pharmaceutical industry also benefited from FDI in the industrial sector with respective amounts of 1.8 billion dirhams, up 131%, and 1.4 billion dirhams, up 39 %.
– The chemical industry attracted 3.4% of FDI from the industrial sector, which represents revenues of around 372.3 million dirhams. Industries specializing in the manufacture of electrical equipment, meanwhile, 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. It marks the continuation of an ascending curve over the last five years. For the 2015-2019 period, industrial FDI grew on average 6.3% annually, mainly driven by the automobile, whose revenues (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.
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