FDI: A record level of 16.1 billion dirhams at the end of May

Hibapress

The volume of foreign direct investments (FDI) reached a record of 16.1 billion dirhams (MMDH) at the end of last May, an increase of almost 20% compared to the same period a year earlier, indicated, Thursday in Rabat, the Minister Delegate in charge of Relations with Parliament, government spokesperson, Mustapha Baitas.

This record increase, considered the second highest level of FDI in the history of the national economy, is mainly attributable to the reforms undertaken by the government in terms of the investment charter and the business climate, Mr. Baitas said during a press briefing following the Government Council.

In addition, the Minister stressed that the growth in the volume of investment was reflected in the creation of jobs. In this regard, he recalled that the volume of investments approved by the National Investment Commission (CNI) was multiplied by 4.5 and the number of jobs planned by 6.5.

Mr. Baitas also noted that since the entry into force of the new investment charter in March 2023, the CNI has held five sessions which saw the approval of 115 projects totaling 173 billion dirhams and allowing the creation of 96,000 jobs. He specified that 82% of these projects, whose agreements have been signed, “have actually started and will have a significant impact on FDI, as well as on national private investment.”