Morocco Witnesses Surge in Net Foreign Investment

In a promising development for Morocco, the net flow of foreign direct investment (FDI) soared to 4.411 billion dirhams by the end of February 2024, marking a substantial 24.9% increase compared to the corresponding period in the previous year, as reported by the Foreign Exchange Office.

During the initial two months of 2024, FDI receipts recorded a notable uptick of 17.5%, amounting to 6.49 billion dirhams, while expenditure experienced a moderate increase of 4.4%. These findings were unveiled in the Office’s monthly foreign trade indicators for February.

On the flip side, the net flow of direct investment from Morocco abroad (IDME) stood at -606 million dirhams. Despite this, disposals of these investments surged to 3.047 MMDH, witnessing a substantial 39.3% increase compared to the same period in 2023.

The expenditure by IDMEs amounted to 2.441 billion dirhams by the end of February this year, indicating a decline of 25.3% compared to the corresponding period last year.

This surge in net foreign investment reflects Morocco’s growing attractiveness as an investment destination, highlighted by its stable economic environment and strategic positioning within the region.