Morocco's foreign investment surges in early 2025

Foreign investments in Morocco skyrocketed during the first quarter of 2025, continuing the strong performance the country has experienced over the past few years.

According to Karim Zidan, Morocco’s Minister Delegate for Investment, the first three months of 2025 showcased remarkable growth in foreign direct investment (FDI). By March 2025, Morocco had attracted over MAD 9.15 billion ($992 million) in net FDI flows, marking a dramatic 63.6% increase compared to the same period in 2024.

FDI revenues reached approximately MAD 12.97 billion ($1.2 billion), reflecting a 24.6% rise from the previous year’s first-quarter figures. This exceptional start to 2025 follows an already impressive 2024, which Zidan described as “the second-best year in Morocco’s history” for foreign investment.

Morocco recorded MAD 43.80 billion ($4.3 billion) in FDI revenues in 2024, a 10% increase over 2023. Net FDI flows for that year totaled MAD 16.29 billion ($1.6 billion), representing a 52% rise compared to 2023 levels. Such consistent growth over three consecutive years underscores Morocco’s increasing appeal to international investors.

In his address to the House of Councillors, Zidan emphasized the government’s strategic focus on attracting foreign capital as a cornerstone of its economic development plan. “These investments serve as essential levers for economic growth, enhanced competitiveness, and job creation,” he stated, highlighting sustained year-over-year increases as evidence of successful government policies.

If the current trajectory holds, 2025 may surpass 2024’s near-record performance, establishing a three-year trend of escalating foreign investment in the North African country.

Morocco has intensified its efforts to attract foreign investment, showcasing robust growth across several sectors. The automotive industry, led by manufacturers like Renault and Stellantis, stands out as a key driver of exports, supported by over 250 international companies. Other priority sectors include aeronautics, electronics, agribusiness, pharmaceuticals, textiles, and offshoring, while renewable energy has gained strategic importance, constituting over 40% of the national energy mix.

The nation has enhanced its investment climate through structural reforms, notably the 2022 Investment Charter, which established a modern regulatory framework for investors. The Moroccan government offers attractive incentives for foreign investments, including subsidies of up to 30% of total investment costs based on project characteristics, location, and sector, as well as tax exemptions for new companies and those operating in designated zones. These measures aim to solidify Morocco’s position as a premier investment destination.