Investor Presentaiton

JICA Origin of FDI by country (III / III): Of the top 10 investors, Morocco is the largest grower in the last decade Greenfield FDI inflows by source country (2010 – 2019) ($M value rounded up) - From 4 projects to 7 17 projects 1,680 1,376 703 High FDI in 2010-14 were driven by 2 investments in the power sector 1,082 2010-14 2015-19 $445M investment by Olam International in 2010 & 2012 537 526 425 445 342 323 292 225 207 124 159 94 27 6 12 France Morocco United Switzerland Cayman Kingdom Islands Nigeria Belgium Singapore South Africa UAE Source: fDi Markets; BCG Analysis 23 23

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