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FDI to return to 2008 levels in Morocco next year
15 Nov 2009
Morocco's economy and finance minister Salaheddine Mezouar told Reuters that the government expects FDI to reach the $4 billion mark again next year.
In 2008, FDI in the north African country reached record levels of about $4.5 billion for the year.
However, during the first nine months of 2009, FDI fell to 17.4 billion Moroccan dirham ($2.27 billion).
"For 2010, we believe FDI will come back to the same level as 2008, at around $4 billion," Mr Mezouar stated.
However, the government also stated that the growth rate of the economy is expected to slow in 2010 to 3.5 per cent after two years in which the economy expanded by more than five per cent annually.
In the third quarter of 2009, the economy grew by 6.3 per cent in Morocco, according to government figures.
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