Despite Reduced Expenditure, Morocco’s Stable Climate and Strategic Sectors Attract Foreign Capital
Rabat – Morocco is witnessing a remarkable surge in foreign direct investment (FDI) in 2024, marking a 46.8% increase in net inflows compared to the same period in 2023. Data from the Moroccan Foreign Exchange Office reveal that FDI inflows for the first seven months surpassed 13.06 billion dirhams (about $1.34 billion). This comes despite a significant reduction in investment expenditures, down by 35.5% to 10.51 billion dirhams ($1.07 billion).
The growth in FDI is driven by several key sectors, including aeronautics, automotive, and renewable energy, positioning Morocco as a rising industrial and technological hub in Africa. Revenues from these investments have also climbed by 9.5%, reaching over 22.23 billion dirhams ($2.27 billion), while investment expenditures decreased by 19.6%, now totaling 9.16 billion dirhams ($940 million).
This uptick in foreign capital inflows reflects Morocco’s improved economic environment, bolstered by government initiatives such as the establishment of special economic zones, and enhancements in infrastructure, transport, and telecommunications. These developments are key to maintaining the country’s appeal as a gateway to the African market, attracting businesses looking to expand in the region.
Moreover, Morocco’s outward direct investment has seen positive growth, with net outflows at 741 million dirhams ($76 million) and a 6.2% increase in income from these ventures, reaching 9.77 billion dirhams ($1 billion).
As Morocco continues to foster a stable economic climate and enhance its regulatory framework, the country remains a promising destination for foreign investors, offering ample opportunities for growth and expansion in Africa’s emerging markets.
