Rabat - Morocco is experiencing a notable rise in foreign direct investment (FDI) in 2024, as evidenced by recent data from the Moroccan Foreign Exchange Office.
Net FDI inflows for the first seven months of the year exceeded 13.06 billion dirhams (approximately $1.34 billion), reflecting a substantial increase of 46.8% compared to the same period in 2023.
Accompanying this growth in inflows, revenues from these investments have also risen by 9.5%, reaching over 22.23 billion dirhams (about $2.27 billion). However, it is important to note that investment expenditures have decreased by 19.6%, totaling 9.16 billion dirhams (approximately $940 million).
This trend has contributed to the improved net investment inflows, positioning Morocco as an attractive destination for foreign capital.
The recent figures indicate a shift in Morocco’s economic landscape, supported by factors such as a stable economic climate and ongoing improvements in infrastructure.
Government initiatives aimed at enhancing the business environment, including the establishment of special economic zones and advancements in transport and telecommunications, have further contributed to this trend.
Outward direct investment from Morocco has also seen positive movement, with net outflows reaching 741 million dirhams (around $76 million) and a 6.2% increase in income from these investments, amounting to 9.77 billion dirhams (approximately $1 billion).
Despite a significant reduction in expenditure of 35.5% to 10.51 billion dirhams (about $1.07 billion), the overall economic balance remains a focus for the country.
Key sectors attracting foreign investment include aeronautics, automotive, and renewable energy, highlighting Morocco’s emerging role as an industrial and technological hub in Africa.
With a favorable regulatory framework and a skilled workforce, Morocco continues to position itself as a gateway to the African market, offering potential opportunities for businesses looking to expand in the region.