Morocco Sees 61% Surge in Foreign Direct Investment

The net flow of foreign direct investment reached around 19.5 billion dirhams at the end of October 2024, an increase of 61.6% compared to the same period of the previous year, the Office of Exchange said in its monthly bulletin on foreign trade indicators. This boom is explained by a 23.7% increase in foreign direct investment income, reaching more than 33.3 billion dirhams, and a 7.1% decrease in expenditure related to these investments, standing at 13.8 billion dirhams.

This good performance reflects the efforts made to improve the business climate, in particular through the simplification of administrative procedures and the stimulation of investments in priority sectors such as industry, renewable energies and infrastructure, the report notes. Thanks to major projects such as the Nador West Med port and energy transition programs, the upswing in foreign direct investment in Morocco should continue. This will contribute to the realization of Morocco’s economic vision, which aims to consolidate its position as a leading investment destination at the regional and international levels.

The Office of Exchange report, however, notes a decline in Moroccan investments abroad. The net flow of Moroccan direct investments abroad fell by 10.6%, reaching 7.24 billion dirhams, the report said. This decline is justified by a 6.2% decrease in income (sales of these investments), standing at 12.69 billion dirhams, as well as a 7.8% reduction in expenditure, standing at 19.93 billion dirhams. How to reverse this trend? This will involve revising national strategies to strengthen the competitiveness of Moroccan companies on the international scene.