750 French companies established in Morocco and 90 billion DH invested
6 July 2010
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250 new establishments since 2006.
Casablanca, Rabat and then Tangier are the top destinations.
Engineering and concessions attract 23% of investments.
Morocco is the leading destination for French direct investment in Africa and the North Africa Middle East zone. This was revealed by the economic department of the French embassy in Rabat, which published the results of a survey conducted between December 2009 and spring 2010. In 2009, 750 subsidiaries and companies with French participation were counted in the Kingdom, compared to 529 three years earlier, an increase of 40%, compared to an average increase of 15% worldwide over the same period. Worldwide, Morocco ranks second among emerging destinations for French FDI, equal with India and behind China, which has 2,195 establishments from France.
In value, the Kingdom ranks first with a stock of 8.1 billion euros in 2008 (nearly 90 billion DH), ahead of China (excluding Hong Kong) which recorded 6.9 billion (76 billion DH) and India 1.9 billion (21 billion DH). Compared to 2004, when it amounted to 2.4 billion euros (26.4 billion DH), the stock of French FDI in Morocco more than tripled in 2008.
It is however important to remember that between 2008 and 2009, FDI flows fell by 29% to 7.5 billion DH, due to the crisis.
A quarter of investments go to concessions and engineering
As expected, the French invest more in Casablanca, which hosts 513 subsidiaries and participations compared to 356 in 2006. In Rabat, there are 87, or 47.5% more. Remarkably, Tangier has gone from 26 establishments to 76.
Dominique Bocquet, who heads the regional economic department at the French embassy in Morocco, talks about the Renault effect, which, by choosing the Tangier Med zone, has attracted, in its wake, a significant number of equipment manufacturers, some of which have settled in the Tangier free zone (TFZ). Other investments are scattered between Marrakech (23 companies), Agadir (10), El Jadida (8).
At the sector level, about fifteen branches of activity are mainly targeted. Engineering and concessions account for 23% of investments. This share is explained by the presence of Suez (through Lydec and Sita among others) and Veolia, both in water and electricity distribution and waste collection, and the arrival of other large operators in public transport and major infrastructure projects. The mechanical industry, steel industry and defense account for 14% of the investment, while electronics and information and communication technologies (ICT) only receive 12.4%.
Published on July 5, 2010
Posted online on July 5, 2010
lavieeco
Casablanca, Rabat and then Tangier are the top destinations.
Engineering and concessions attract 23% of investments.
Morocco is the leading destination for French direct investment in Africa and the North Africa Middle East zone. This was revealed by the economic department of the French embassy in Rabat, which published the results of a survey conducted between December 2009 and spring 2010. In 2009, 750 subsidiaries and companies with French participation were counted in the Kingdom, compared to 529 three years earlier, an increase of 40%, compared to an average increase of 15% worldwide over the same period. Worldwide, Morocco ranks second among emerging destinations for French FDI, equal with India and behind China, which has 2,195 establishments from France.
In value, the Kingdom ranks first with a stock of 8.1 billion euros in 2008 (nearly 90 billion DH), ahead of China (excluding Hong Kong) which recorded 6.9 billion (76 billion DH) and India 1.9 billion (21 billion DH). Compared to 2004, when it amounted to 2.4 billion euros (26.4 billion DH), the stock of French FDI in Morocco more than tripled in 2008.
It is however important to remember that between 2008 and 2009, FDI flows fell by 29% to 7.5 billion DH, due to the crisis.
A quarter of investments go to concessions and engineering
As expected, the French invest more in Casablanca, which hosts 513 subsidiaries and participations compared to 356 in 2006. In Rabat, there are 87, or 47.5% more. Remarkably, Tangier has gone from 26 establishments to 76.
Dominique Bocquet, who heads the regional economic department at the French embassy in Morocco, talks about the Renault effect, which, by choosing the Tangier Med zone, has attracted, in its wake, a significant number of equipment manufacturers, some of which have settled in the Tangier free zone (TFZ). Other investments are scattered between Marrakech (23 companies), Agadir (10), El Jadida (8).
At the sector level, about fifteen branches of activity are mainly targeted. Engineering and concessions account for 23% of investments. This share is explained by the presence of Suez (through Lydec and Sita among others) and Veolia, both in water and electricity distribution and waste collection, and the arrival of other large operators in public transport and major infrastructure projects. The mechanical industry, steel industry and defense account for 14% of the investment, while electronics and information and communication technologies (ICT) only receive 12.4%.
Published on July 5, 2010
Posted online on July 5, 2010
lavieeco
