Unctad points out increase of investments in Morocco
According to the agency, the country adopted the majority of the measures recommended by the UN agency in a report about the topic released in 2008.
According to Unctad, wide-reaching reforms, political and economic stability and the creation of agencies specialized in the issue, allowed the country to attract a larger and more diversified flow of foreign direct investments (FDI) in the last few years.
The last edition of the World Investment Report , a yearly publication by Unctad, reports that Morocco attracted almost $3.6 billion in FDI in 2014, against an average of $2.3 billion from 2005 to 2007, the period prior to the global financial crisis and the 2008 survey.
The UN agency says that investments in Morocco have been directed to “high value-added industries”, such as the auto, aeronautical and processing of agricultural products industries. The production of olive oil for exports is an example of a sector that the country has been promoting recently.
According to Unctad, such investments “generated tangible economic and social benefits” in the country. Among the actions adopted by Morocco for the attraction of FDI, the organization mentions the creation of the National Committee of Business Environment (CNEA, in the French acronym) and the Moroccan Investment Development Agency (AMDI, in the French acronym).
The agency adds that the country has made “significant efforts” to simplify the starting of companies and begun to implement an Industrial Acceleration Plan, which has a goal of increasing efficiency of the production chain. ■