Moroccan expatriates prefer to invest in real estate sector

Published July 4th, 2005 - 08:51 GMT

According to a research carried out by the Hassan II Foundation for Moroccan expatriates regarding their investments in the kingdom during 2004, the Moroccan immigrants have injected into the Moroccan economy DM10-12 billion (US$0.8 – 1 billion) throughout that year. The Foundation researchers explained that this sum represents only about 30% of the funds which the expatriates actually transfer to Morocco each year and that "no one can determine the exact volume of investments carried out by expatriates".

 

Bladi.Net reports that according to this survey, real-estate remains the principal objective of about 65% to 70% of the expatriates' investments. The remainder is distributed between other sectors, including the services, the agriculture and the industry sectors.