Morocco is increasingly becoming a top destination for foreign direct investment (FDI) in Africa, with inflows rising by 46.8% in 2024 compared to the same period in 2023. The country attracted over 13.06 billion dirhams (approximately $1.34 billion) in FDI during the first seven months of the year, driven by its stable economic environment and improved regulatory framework. Key sectors like aerospace, automotive, and renewable energy are leading this growth, solidifying Morocco’s position as an industrial and technological hub in Africa.
Despite the surge in FDI, investment expenditures in Morocco saw a decline of 19.6%, totaling 9.16 billion dirhams (around $940 million). However, revenues from these investments increased by 9.5%, reaching over 22.23 billion dirhams (approximately $2.27 billion).
The Moroccan government has been actively enhancing its business environment through various initiatives, including the development of special economic zones and improvements in infrastructure, transport, and telecommunications. These efforts have significantly contributed to Morocco’s attractiveness as a gateway to Africa’s emerging markets, offering substantial opportunities for international companies looking to expand in the region.
In addition to inbound FDI, Morocco’s outward direct investment also showed positive trends, with net outflows reaching 741 million dirhams (around $76 million) and a 6.2% increase in income from such investments, totaling 9.77 billion dirhams (approximately $1 billion).
Morocco’s strategic focus on sectors like aerospace, automotive, and renewable energies underlines its ambition to become a key industrial and technological hub in Africa. With a favorable regulatory framework and a skilled workforce, the country continues to position itself as an attractive destination for foreign capital and a gateway for companies aiming to access the broader African market.
