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HomeTop NewsFrance, Ireland, United Arab Emirates lead in first quarter – Morocco today

France, Ireland, United Arab Emirates lead in first quarter – Morocco today

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Net inflows of FDI reached AED 6.11 billion in the first quarter of 2024 compared to AED 11 billion at the end of 2023.

Deposit: The FDI map reveals the dominance of investments from France and Ireland. Both destinations contributed Dh3 billion in FDI in the first quarter.

After a marked rebound in FDI in the first quarter of the year, the Foreign Exchange Office reveals the origins of these investments, with inflows more than doubling compared to the same period last year. Total inflows of FDI in the first quarter of 2024 reached AED 6.11 billion compared to AED 11 billion at the end of 2023.

This improvement is driven by a double-digit increase in revenue during the period under consideration. The FDI map reveals the dominance of FDI from France and Ireland. Both destinations contributed Dh3 billion in FDI in the first quarter. Thus, France maintains its position at the head of the countries of origin. According to provisional data from the Foreign Exchange Office, FDI inflows from France totaled Dh1.8 billion in the first three months of the year, slightly ahead of Ireland. A total of 1.23 billion dirhams, FDI i

A total of 561 million dirhams flowed from Great Britain, 346 million dirhams from Hong Kong, 321 million dirhams from Germany and 247 million dirhams from the Netherlands. Investment inflows from Turkey went from a negative balance of -2 million dirhams at the end of 2023 to a positive balance of 232 million dirhams in the first quarter of 2024. Morocco also captured in the first three months of the year, FDI of 229 million dirhams from Saudi Arabia, 207 million dirhams from the United States, as well as 200 million dirhams from Spain and 100 million dirhams from Italy. At the same time, the distribution of FDI established by the Foreign Exchange Office by sector of activity reflects the enthusiasm for economic activities, thus capturing 1.83 billion dirhams of the total FDI.

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In detail, 1.1 billion dirhams to the insurance sector, 471 million dirhams to auxiliary financial services and 243 million dirhams to insurance activities excluding insurance and pension funds. Real estate activities saw FDI inflows of Dh1.42 billion in the third quarter. Manufacturing industries attracted 901 million FDI in the first three months, followed by information and communication (361 million dirhams), transport and storage (250 million dirhams), accommodation and catering (197 million dirhams), trade, and automobile and motorcycle repair (170 million dirhams).

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