Ouarzazate — Foreign investments in Morocco skyrocketed during the first quarter of 2025, building on the strong performance the country has seen in much of the past few years.
According to Karim Zidan, Morocco’s Minister Delegate for Investment, the first three months of 2025 showed remarkable growth in foreign direct investment (FDI).
Morocco had already attracted over MAD 9.15 billion ($992 million) in net FDI flows by March 2025, marking a dramatic 63.6% increase compared to the same period in 2024.
FDI revenues reached approximately MAD 12.97 billion ($1.2 billion), jumping 24.6% from last 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 last year MAD 43.80 billion ($4.3 billion) in FDI revenues, representing a 10% increase over 2023.
Net FDI flows in 2024 totaled MAD 16.29 billion ($1.6 billion) — 52% higher than 2023 levels.
Such consistent growth across three consecutive years reflects Morocco’s increasing appeal to international investors.
In his speech to the House of Councillors, the upper chamber of the Moroccan parliament, Zidan spoke of 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 explained, pointing to the sustained year-over-year increases as evidence of successful government policies.
If the current trajectory holds, 2025 could potentially surpass 2024’s near-record performance, establishing a three-year pattern of accelerating foreign investment in the North African country.
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Morocco has been fortifying its efforts to attract foreign investment.
The country’s investment landscape shows robust growth across several sectors, with the automotive sector leading exports thanks to manufacturers like Renault and Stellantis, alongside 250 international companies.
Other priority investment sectors include aeronautics, electronics, agribusiness, pharmaceuticals, textiles, and offshoring, while renewable energy has gained strategic importance with over 40% of the national energy mix.
The nation has significantly improved its investment climate through structural reforms, most notably the 2022 Investment Charter that created a modern regulatory framework for investors.
Morocco’s 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 in designated zones.
These measures aim to enhance the country’s position as a premier investment destination.
