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Rabat- Morocco is the largest recipient of foreign direct investments (FDI) in the Maghreb region, registering a nine per cent increase, according to the United Nations.
Morocco came in top in terms of foreign direct investment in the Maghreb region with total investments of USD 3.6 billion in 2014, United Nations Conference on Trade and Development (UNCTAD) said in its World Investment Report of 2015 released last week.
Turkey remained the largest FDI recipient in the Middle East region with $12 billion, followed by the United Arab Emirates ($10 billion) and Saudi Arabia ($8 billion).
According to the report, FDI fell by 16 per cent to $1.23 trillion in 2014, mostly due to the fragility of the global economy, shaky investor confidence and elevated geopolitical risks.
But in 2015, FDI inflows are expected to grow by 11 per cent to $1.4 trillion and to $1.5 trillion in 2016 and to $1.7 trillion in 2017. Flows to developing countries reached their highest level ever at $681 billion—a two per cent rise, the World Investment Report 2015 said.
China, the world's second biggest economy, is the biggest recipient of overseas investment with a total of $129 billion of FDI in 2014. It was followed closely by Hong Kong at $103 billion, the United States at $92 billion, Britain, Singapore, Brazil, Canada, Australia, India and the Netherlands.
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