Morocco has totaled 12.3 billion dirham ($1.26 billion) in foreign direct investments in the first half of 2016, thus 34.9% less than the previous year, over the same period. This was revealed in data published on August 16, by the foreign exchange office.

In opposition to FDIs, remittances from the Moroccan Diaspora grew by 2.3% to 34.9 billion dirham ($3.59 billion) ($3.59bn) over the first six months of 2016.

As for tourism revenues, they reached 32.6 billion dirham between January 1 and June 30, against 31.8 billion over the same period in 2015.

Moreover, the exchange office reported the widening of trade balance deficit during 2016’s first seven months, to 103.6 billion dirham, against 96.4 billion over the same period last year.

Preliminary results for foreign trade also revealed higher imports (+10.7 billion dirham) than exports (+3.5bn dirham), the office highlighted.