Rabat – Morocco’s foreign direct investment (FDI) inflows went up by 50.7% in the first nine months of 2024, reaching over 16.34 billion dirhams ($1.6 billion), according to a report by the Office des Changes.
The report, detailing monthly foreign trade indicators, highlighted a 15.1% rise in revenue from these investments, which reached 28.7 billion dirhams ($2.8 billion) by the end of September.
At the same time, expenditure dropped by 12.4% to 12.35 billion dirhams ($1.2 billion), underscoring an improvement in the country’s investment balance.
Moroccan direct investment abroad meanwhile showed a modest net flow of 1.8 billion dirhams ($176 million) over the same period.
Revenues from these foreign investments decreased by 4.2%, reaching 11.62 billion dirhams ($1.14 billion), while expenditures plummeted by 30.4% to 13.42 billion dirhams ($1.3 billion), reflecting a conservative stance in international markets.
This recent uptick in FDI contrasts with Morocco’s performance in 2023, when net foreign investment flows declined by 51.7%, totaling just 11.1 billion dirhams ($1.1 billion) compared to 23 billion dirhams ($2.3 billion) in 2022.
The decline then was attributed to rising expenses, which increased by nearly 36% to 23.5 billion dirhams, alongside a 14.1% drop in FDI revenue. The decrease also reflected a steep drop in net debt instruments and equity flows, partially offset by stable reinvested earnings.
Morocco’s renewed FDI growth in 2024 signals stronger investor confidence and suggests a positive trend in foreign capital engagement.
