Morocco's FDI sees 33.1 pct decline in H1

RABAT, July 17 (Xinhua) -- The flows of foreign direct investment (FDI) in Morocco declined by 33.1 percent in the first half of 2018, the foreign exchange regulator said Tuesday.

Morocco attracted only 1 billion U.S. dollars between January and June, lower than 1.5 billion dollars a year earlier.

During the same period, tourism revenues in Morocco hiked 15.5 percent to 3.12 billion dollars year on year, while remittances from 4.5 million Moroccan expatriates rose 8.5 percent to nearly 3.2 billion dollars.

Tourism revenues and expatriates' remittances are the main sources of Morocco's foreign currency reserves. Enditem