Morocco's FDI declines 25.6 pct in Jan.-July period

RABAT, Aug. 16 (Xinhua) -- The flows of foreign direct investment (FDI) in Morocco declined by 25.6 percent in first seven months of 2018, the foreign exchange regulator said Thursday.

Morocco attracted only 1.26 billion U.S. dollars between January and July, down from 1.69 billion dollars a year earlier.

During the same period, Morocco's tourism revenues hiked by 9.3 pct to 3.82 dollars year-on-year, while remittances from some 5 million Moroccan expatriates rose 5.3 percent to 3.76 billion.

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