Morocco ranked 3rd most attractive country in the world

Morocco has made a leap forward in terms of foreign direct investment (FDI), positioning itself in third place in a ranking of the most attractive countries in the world, ahead of Qatar, which tops the ranking, and India. who comes in 2nd place. This ranking took place in the latest report on foreign direct investment for the year 2023.

The report, which is overseen by The Times, is based on foreign direct investment information and analyzes the macroeconomic and FDI trajectory for the world’s top 50 FDI destinations, using data from the International Monetary Fund (IMF). and the Foreign Investment Monitor.

In details, Qatar ranked first among the world’s best destinations for FDI, due to the strong economic and investment momentum it enjoys until 2023, according to the watchlist “ fDi Intelligence“, followed by India and Morocco.

Morocco, which ranks third according to the same report, is benefiting from strong investment momentum until 2023 thanks to the macroeconomic cycle, while the IMF has set GDP growth for 2023 at 3.1% and l inflation at 4.1%, and the interest aroused by its potential in the field of renewable energies among investors, in particular.

According to the experts who prepared the report, many foreign investors are eager to combine the potential of solar and wind energy in Morocco to produce green hydrogen. Among them, the Luxembourg company Eren, which has developed a green hydrogen project in the Guelmim-Oued Noun region, potentially capable of raising more than $10 billion. Experts also point out that the country remains the largest recipient of industrial FDI in the MENA region after Saudi Arabia and Egypt.

The report revealed that four countries in sub-Saharan Africa, namely Senegal, Democratic Republic of Congo, Rwanda and Niger, will be among the ten fastest growing countries in the world in 2023.

The International Monetary Fund expects the Middle East and Central Asia to grow by 3.6% in 2023 compared to 3.7% for sub-Saharan Africa. Asia will also remain at the center of a significant reallocation of capital investments.

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