Morocco held onto its spot among Africa’s top investment destinations last year, landing in sixth place across the Middle East and Africa for the number of new foreign direct investment (FDI) projects.
According to the “FDI 2025” report from FT Locations, part of the Financial Times group, Morocco attracted 96 announced projects in 2024, a slight 1.1% increase from 2023.
While that kept the country in the regional top tier, the overall value of capital flowing into the region dropped sharply.
Across the Middle East and Africa, investors announced 2,687 projects in 2024, down slightly from 2,699 a year earlier.
But the real hit came in the money invested. Capital commitments fell 40.7% to $158.3 billion.
Africa felt the pinch the most, with a nearly 49% drop, while the Middle East saw a smaller 36.7% decline.
Egypt emerged as the region’s biggest magnet for capital, pulling in $54.5 billion across 139 projects, including a $1.65 billion steel complex by China’s Hebei Xin’feng Steel.
Real estate was also a hot sector, with $27.4 billion in deals led by a planned $24 billion city in Ras El Hekma, Egypt, backed by the UAE’s ADQ.
The UAE dominated the rankings by project count with 1,325 new ventures, followed by Saudi Arabia (364), South Africa (149), Egypt (139), and Qatar (122). Morocco’s 96 projects placed it ahead of Oman (39) and Bahrain (31).
Globally, more than 17,000 FDI projects worth $1.29 trillion were announced in 2024, creating over 2.43 million jobs.
While project numbers ticked up by less than 1% compared to 2023, the total investment value fell 6.1% from the previous year’s record.
Asia-Pacific took the largest share of global investment dollars, attracting $394 billion, while North America saw strong gains in both project numbers and value.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.