Over the last 10 years, the Moroccan government has sped up its reforms of the private sector in order to improve the country’s investment landscape. It is predicted that the current political stability and structural reforms will continue in the medium term. Both Fitch and Standard & Poor's current credit ratings for Morocco stand at BBB-, outlook stable.
Morocco has jumped from the 14th largest recipient of FDI in Africa in 2006, to the 3rd in 2014. A total of $3.6 billion in FDI entered Morocco in 2014. While financial services, IT & telecommunications, and media receive the highest share in terms of investments, the real estate, industry and tourism sectors are also of high interest for foreign investors. The five countries with the highest net investments in Morocco are France, Spain, the United Arab Emirates, the Kingdom of Saudi Arabia, and the United States, followed by Kuwait, Switzerland, Italy, Turkey, and the United Kingdom.
Renewables are one of the key sectors that have been prioritized for foreign investment. Morocco is currently one of the fastest growing renewable energy markets in Africa. The Moroccan Agency for Solar Energy is seeking to attain $9 billion in investment by 2020. By 2030, Morocco aims to be generating 52% of its electricity from renewable energy, mainly solar, wind and hydroelectric power.
Morocco's Top 10 Foreign Investors
Morocco Top FDI Sectors
- Financial Services
- IT & Telecom
- Real Estate