Moroccan Investments Abroad Surge Again in 2026
Moroccan Foreign Direct Investment Rises After Two Years of Decline
After two years of stagnation, Morocco’s foreign direct investments (FDI) are experiencing a remarkable comeback. Recent data released by the Office of Foreign Exchange indicates that by the end of May 2026, investment flows grew by 40.3% compared to the same period last year, totaling nearly 11.7 billion dirhams. This trend underscores the return of Moroccan companies’ expansion strategy in international markets.
A Growth Consistent with Long-Term Trends
Beyond this year’s rebound, the figures illustrate sustained growth in Moroccan investments abroad over the past decade. Between 2016 and 2025, their overall volume nearly tripled, rising from around 7.9 billion to nearly 22 billion dirhams.
This shift reflects the growing determination of Moroccan groups to strengthen their presence beyond national borders, particularly in Europe, Africa, and the Middle East, to diversify their activities and conquer new markets.
France Remains the Top Destination for Moroccan Capital
France continues to hold its position as the primary host country for Moroccan investments. Over the last decade, it has accounted for nearly 39% of cumulative flows, reaffirming the robustness of economic ties between Rabat and Paris.
Following France, Ivory Coast, the United Arab Emirates, Egypt, and Senegal are notable destinations. Together, these five countries attract nearly two-thirds of Morocco’s foreign direct investments, showcasing the importance of European and African markets in the international strategy of Moroccan businesses.
Europe and Africa at the Heart of Moroccan Companies’ Strategy
When investments are categorized by region, Europe tops the list, accounting for over half of the capital invested abroad. Africa ranks second, highlighting its role as a strategic economic partner for Morocco.
This orientation illustrates the desire of national companies to consolidate their presence in nearby markets that benefit from favorable historical, commercial, and financial links, facilitating the development of new activities.
Industry Becomes the Main Driver of Investments
The sectoral structure of Moroccan investments has undergone significant transformation in recent years. While the banking and telecommunications sectors once dominated, industry has now emerged as the leading area of investment.
Driven by the growth of industrial activities internationally, Moroccan companies have significantly increased their commitments in this area since 2021. By 2025, the industrial sector alone will account for more than half of Morocco’s foreign direct investments.
The banking sector remains important, while telecommunications and real estate have seen notable declines. At the same time, sectors such as energy, mining, agriculture, trade, and insurance are gradually gaining traction, even though their overall weight is still limited.
Renewed Confidence Among Moroccan Investors
The recovery observed since the beginning of 2026 confirms the renewed confidence of Moroccan companies in their international development. Despite global economic uncertainties, national groups are continuing their expansion strategy, focusing on industrial sectors and markets with strong growth potential.
This dynamic also reflects the increasing maturity of Moroccan companies, now capable of investing more abroad while consolidating their positions within regional and international value chains.
