Moroccan FDI up 46.8pc in 2024 --[Reported by Umva mag]

As Morocco continues to foster a stable economic climate and improve its regulatory framework, the country remains a promising destination for foreign direct investment (FDI-up 46.8 percent this year), offering numerous opportunities for growth and expansion in Africa’s emerging markets.

Morocco saw a significant increase in foreign direct investment (FDI) in 2024, as recent data from the Moroccan Foreign Exchange Office shows. However, net FDI inflows for the first seven months of the year exceeded 13.06 billion dirhams (around $1.34 billion), reflecting a substantial increase of 46.8 percent compared with the same period in 2023.

In parallel with this growth in inflows, revenues from these investments also rose by 9.5 percent, reaching more than 22.23 billion dirhams (around $2.27 billion). It should be noted, however, that investment expenditure fell by 19.6 percent, totalling MAD 9.16 billion (around $940 million).

This trend has contributed to the improvement in net investment flows, positioning Morocco as an attractive destination for foreign capital.

Recent figures indicate a change in Morocco’s economic landscape, underpinned by factors such as a stable economic climate and continued improvements in infrastructure.

Government initiatives to improve the business environment, including the creation of special economic zones and advances in transport and telecommunications, have further contributed to this trend.

Outward direct investment from Morocco also showed a positive trend, with net outflows reaching 741 million dirhams (around $76 million) and a 6.2 percent increase in income from such investment, amounting
to 9.77 billion dirhams (around $1 billion).

Despite a significant reduction in expenditure of 35.5 percent to 10.51 billion dirhams (around $1.07 billion), overall economic balance remains a priority for the country.

The main sectors attracting foreign investment include aerospace, automotive and renewable energies, underlining Morocco’s emerging role as an industrial and technological hub in Africa.

With a favourable regulatory framework and a skilled workforce, Morocco continues to position itself as a gateway to the African market, offering potential opportunities for companies wishing to expand in the region.

RT/Sf/ac/fss/as/APA

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