Foreign Direct Investment (FDI) in Morocco rose by 55% in 2024, reaching $1.64 billion compared to $1.05 billion the previous year, according to UN Trade and Development (UNCTAD).
In its latest World Investment Report 2025, published Thursday, the UN agency also reported Morocco’s FDI stock at $61.5 billion, up from $59.5 billion in 2023.
As for outbound FDI, Morocco invested $694 million abroad in 2024, down from $1.2 billion the previous year.
At the continental level, UNCTAD’s report notes a 75% increase in FDI flows into Africa, reaching a record level of $97 billion in 2024, driven by liberalization and facilitation efforts across the continent.
The report, which welcomes a significant recovery in FDI flows to Africa, highlights that this amount represented 6% of global FDI inflows, compared to 4% the previous year, and 11% of total FDI to developing economies, up from just 6% in 2023.
This surge is largely attributed to an international financing agreement for urban development projects in Egypt. Excluding that increase, FDI in Africa still rose by 12% to about $62 billion, representing 4% of global flows, according to UNCTAD.
Investment facilitation efforts continued to play a key role in Africa, accounting for 36% of investor-friendly policy measures.
Liberalization also remained a central feature of investment policymaking in both Africa and Asia, making up one-fifth of the measures adopted in 2024.
The report shows that European investors hold the largest stock of FDI in Africa, followed by the United States and China.
Chinese investments, valued at $42 billion, are diversifying into sectors such as pharmaceuticals and agribusiness.
Across the continent, the value of international project finance (IPF) deals increased by 15%, driven by major projects in energy and transport infrastructure. In Egypt, IPF commitments more than doubled.
However, the number of projects declined by 3%. Renewable energy was the only sector to see notable growth, with seven major contracts worth around $17 billion, mainly in offshore cable systems and wind and solar power plants in Egypt.
Additional renewable energy projects have emerged in countries such as Morocco and Namibia.
Conversely, investments in new projects declined in Africa, with a 5% drop in announcements and a 37% decrease in their value, which stood at $113 billion compared to $178 billion in 2023.
Most countries saw a decline in the number of new projects, except in North Africa, where investment in new projects rose by 12% to $76 billion, representing two-thirds of the continent’s total investment spending.
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