Foreign direct investment in Morocco increased by 17.5 percent in February 2024, year-on-year.
According to the Moroccan Office des Changes, which is tasked with counting trade and economic exchanges abroad, foreign direct investment amounted to 6.5 billion dirhams ($650 million) in February 2024, up from 5.5 billion dirhams ($550 million) in the same period in 2023.
On the other hand, remittances from Moroccan expatriates increased by 1.5% in February 2024, compared to the same month in 2023. Those remittances amounted to about 17.7 billion dirhams ($177 million), up from 17.4 billion dirhams ($174 million) a year earlier.
Source (Al-Arabiya.net Website, Edited)
