During a press conference, initiated by the regional economic service of the French Embassy in Morocco, on Thursday in Rabat, the Director of Invest activity of Business France, for the Maghreb and Sub-Saharan Africa zone, Stéphane Lecoq, revealed that the Cherifian kingdom is the second African investor in France with 6 projects and the creation of 40 jobs in 2020. Tunisia has thus become the first African investor in France, with 8 projects and has created or maintained 194 jobs.
During his presentation of the 2020 assessment of international investments in France, Stéphane Lecoq indicated that three African countries are among the top 25 international investors in France. Overall, among African investors, Tunisia was the 20th investor in France, ahead of Morocco (22nd) and Côte d’Ivoire (25th). However, Tunisia saw its number of projects decrease from 9 to 8 compared to 2019, according to the Business France annual report cited by Morocco World News (MWN).
« We have recorded 20 successful projects of Moroccan origin in France, an average of 4 projects per year, » said Lecoq, noting that the goal for 2021 is to reach ten successful Moroccan projects. On the other hand, for the 1st quarter of 2021, the Invest activity of Business France has accompanied 6 new projects, Stéphane Lecoq noted, while specifying that more than 66 projects have been accompanied between 2015 and 2020, which corresponds to a dozen projects per year.
« We have recorded a good dynamic of projects not only in Africa but in particular in Morocco with 18 to 20 projects per year, » he said, recalling that Business France for the Invest activity, which is based in Casablanca since September 2018, accompanies Moroccan companies wishing to establish themselves in France.
According to the annual report, in 2020, « France was the leading European recipient of job-creating investments from North African countries, attracting 60% of North African projects in Europe, ahead of the UK (20%) and Romania (20%). «
In a broader sense, France was able to attract 1,215 investment opportunities in 2020, which created or maintained 34,567 jobs. Despite these promising figures, the number of projects is still down by 17% compared to 2019.
Compared to 2019, even though the number of projects has decreased from 7 to 6, Morocco has moved from 27th to 22nd in terms of foreign investors. Moroccan investment was responsible for 113 jobs in 2019, but in 2020, marked by the Covid-19 pandemic, this number decreased by 73 jobs to 40.