The United States became the top investor in Morocco in 2022 with a net flow of investments (FDI) reaching MAD 7.4 billion ($761 million), up from MAD 692 million ($71 billion) in 2021.
According to an annual publication from Morocco’s foreign trade watchdog Office d’Echange (OE), the US has overtaken France as the top foreign investor in the North African country, pushing the European country to second place.
Investments from the US represented over 30% of the overall influx of foreign investments in Morocco.
Meanwhile, the FDI inflow from France settled at MAD 3.3 billion ($339 million) in 2022, a sharp drop from the MAD 7.4 billion ($761 million) recorded the previous year.
The OE report further shows that the UK, UAE, and Netherlands are the third, fourth, and fifth largest inventors respectively in Morocco in 2022.
At the end of 2022, the FDI inflow from the UK reached MAD 2.9 billion ($298 million), up from MAD 2.3 billion ($236 million). The United Arab Emirates followed closely behind with MAD 2.5 billion ($257 million), and the Netherlands with MAD 1.5 billion ($154 million).
The five countries account for 80.8% of the total net FDI inflow into Morocco in 2022.
Detailing the distribution of FDI inflow, the report shows that Morocco’s manufacturing sector takes the lead in 2022, claiming MAD 9.5 billion ($977 million), a staggering 43% of the total net FDI inflow.
Real estate came in second place, attracting MAD 5.5 billion ($566 billion), amounting to 25% of the total foreign investments in Morocco, followed closely by financial and insurance sector, with MAD 2.4 billion ($247 million), making up 11% of the total net FDI inflow.
