Morocco Launches Initiative to Attract Diaspora Investment

The minister delivered this information on Friday, on the sidelines of the first edition of the Economic Forum for Moroccans of the World, organized by the MDM Trophy Foundation in Marrakech. "We are about to set up a unit that will serve as a liaison between Moroccan investors from around the world and the Regional Investment Centers (CRI)," said Karim Zidane, adding that a multilingual digital platform will be established by his department to provide all necessary information to MREs.

The official highlighted the significant economic contribution of MREs to the kingdom’s development, with transfers reaching 117.7 billion dirhams (MMDH) in 2024, representing more than 7% of the national GDP. "The creation of the Ministry of Investment and the rise of AMDIE have allowed for the establishment of a more effective ecosystem. The new Investment Charter constitutes a strategic asset with more advanced support mechanisms," he indicated.

Echoing the same sentiment, Moulay Ismaïl Lamghari, Secretary General of the MRE department at the Ministry of Foreign Affairs, African Cooperation and Moroccans Residing Abroad, emphasized the crucial role of Moroccans of the world in the economic development of their country of origin. He did not fail to encourage MREs to invest in Morocco and actively participate in the realization of projects in preparation for CAN 2025 and the 2030 World Cup. "It’s not funding that’s lacking. What’s lacking are ideas and a culture of risk-taking," he insisted.

Despite the conditions created by the government to attract investors, the volume of national private investment is at 10%. The reason? Some projects would not be "bankable" by credit institutions because they are not viable. This is at least the opinion of some speakers during a panel dedicated to the theme of financing, which emphasized the need to simplify administrative procedures and improve collaboration between MREs, banks, and public institutions.