Morocco topped the countries of the Maghreb region in terms of attracting foreign direct investment (FDI) in 2016, according to a report established by the Arab Investment and Export Credit Guarantee Corporation.
The North African kingdom attracted $2.3 billion worth of FDI in 2016, followed by Algeria with 1.5 billion, Tunisia with 958 million, and Libya with 493 million.
At the Arab world’s level, Morocco came fifth preceded by the UAE, Egypt, Saudi Arabia and Lebanon.
In total, Arab countries attracted some $30.8 billion worth of FDI in 2016, a 25 percent increase compared to a year earlier.
The Corporation based its report on evaluating the investment climate in 109 countries, including 16 Arab countries, through attractive investment guarantee index.