Morocco continues to strengthen its appeal to international investors. According to the latest figures released by the Office des Changes (Foreign Exchange Office), net Foreign Direct Investment (FDI) inflows reached MAD 23.32 billion at the end of May 2026, representing a remarkable 41.8% increase compared with the same period in 2025. This strong performance reflects renewed investor confidence in the fundamentals of the Moroccan economy and in the opportunities created by the Kingdom’s large-scale industrial and infrastructure projects.
This significant increase is primarily driven by sustained growth in investment receipts. During the first five months of the year, FDI receipts totaled MAD 29.84 billion, representing a 20% year-on-year increase. At the same time, expenditures related to disinvestment and capital repatriation declined significantly, contributing to the improvement in net foreign investment inflows.
These results further confirm Morocco’s position as one of Africa’s most attractive destinations for international investment. Political stability, a sound macroeconomic framework, controlled inflation, world-class infrastructure, a network of more than 50 free trade agreements providing preferential access to over one billion consumers, and a proactive investment promotion policy continue to strengthen the Kingdom’s competitiveness.
The industrial sector remains the primary beneficiary of this positive momentum. Morocco’s automotive industry, now the country’s leading export sector, continues to attract substantial investments, particularly in vehicle manufacturing, electronic components, and batteries for electric vehicles. The aerospace industry is also expanding with the establishment of new international suppliers, while sectors such as renewable energy, green hydrogen, chemicals, agribusiness, logistics, healthcare, and digital technologies are witnessing a significant increase in investment projects.
The development of major infrastructure projects is also serving as a powerful driver of investment attractiveness. Investments surrounding Tanger Med Port, the future Nador West Med port complex, the expansion of the high-speed rail network, integrated industrial zones, and infrastructure projects linked to preparations for the 2030 FIFA World Cup are further strengthening Morocco’s position as an industrial, logistics, and commercial hub connecting Europe, Africa, and the Middle East.
The rise in FDI also comes amid the ongoing implementation of Morocco’s new Investment Charter, which provides enhanced incentives for projects that generate employment, increase local value added, and facilitate technology transfer. The new investment support framework specifically targets industrial investments, decarbonization projects, strategic sectors, and initiatives that promote regional development.
The improvement in net FDI inflows is particularly significant because it reflects the actual volume of foreign capital retained within the national economy after deducting capital withdrawals and profit repatriation. With MAD 23.32 billion recorded by the end of May, Morocco has achieved one of its strongest performances in recent years, demonstrating sustained international confidence in the Kingdom’s long-term growth potential.
The outlook for the second half of 2026 remains highly favorable. Accelerating investments in electric vehicles, battery manufacturing, semiconductors, renewable energy, green hydrogen, the pharmaceutical industry, and infrastructure are expected to further sustain this positive momentum. Major projects associated with preparations for the 2030 FIFA World Cup are also expected to generate additional inflows of foreign capital.
Should this trend continue, Morocco could record one of the highest levels of Foreign Direct Investment in its recent history during 2026. This momentum would support economic growth, accelerate the creation of highly skilled jobs, strengthen industrial exports, and further consolidate the Kingdom’s position as one of Africa’s leading investment and manufacturing hubs.
