Morocco expects to receive more investments

Morocco expects that it will receive $1 billion more of foreign investment funds during the remaining months of the current year. Finance Ministry statistics show that external foreign investments during the past six months were worth 6 billion dirham compared to 1.5 billion dirham during the same period last year.

Morocco reached an agreement with the South Korean Group "Daewoo" to set up two investment projects worth $400 million to develop a hotel, and the industrial and car manufacturing sectors.The Japanese Works Bank "Eumida" contributed to the capital of the Moroccan Bank for External Trade.

Morocco hopes to attract more Asian investments in order match the European Union that is the number one investor.