Morocco sees 55% surge in Foreign Direct Investment in 2024 says UNCTAD
Morocco saw a significant rise in foreign direct investment (FDI) inflows in 2024, according to the United Nations Conference on Trade and Development's (UNCTAD) World Investment Report 2025. The report highlighted North Africa as the main driver of FDI growth on the continent, with Morocco's FDI increasing by 55% to $1.6 billion. Tunisia also experienced a 21% rise, reaching $936 million, alongside strong gains in Egypt.
The construction sector remains a key area of investment across Africa, driven by infrastructure gaps and growing urban development needs. Morocco, together with Ghana and Kenya, attracted medium-sized projects with notable impact, while countries like Egypt, South Africa, and Angola secured larger-scale investments.
Although the total value of announced new Greenfield investment projects in Africa dropped to $113 billion in 2024 from $178 billion in 2023, North Africa was a notable exception. The region saw a 12% increase in project value, reaching $76 billion, accounting for two-thirds of the continent's total capital expenditures on new projects.
The report also highlighted seven major energy transition deals in Africa worth around $17 billion. Egypt was a prominent destination, hosting four of these projects. These include green hydrogen initiatives in Egypt and Tunisia, large solar and wind projects in Namibia, and a Moroccan project focused on producing green ammonia and industrial fuel.
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