Morocco received 6.3 billion dirhams (MMDH) or 578 million dollars of investments from the United States during the first 6 months of 2022.
Over the past decade, U.S. foreign direct investment (FDI) in Morocco has steadily increased from MAD 1.5 billion ($214 million based on the exchange rate at the time at the end of 2007 to 6.3 billion MAD ($578 million) in just the first half of 2022, according to the Moroccan Foreign Exchange Office data.
France was previously the first foreign investor in Morocco for more than a decade, it now ranks second since the United States took that status.
Sector wise, the industry attracted the largest volume of foreign investment with nearly 10 billion MAD ($917.4 million). The real estate sector came in second place, attracting an investment volume set at 3.1 billion MAD ($284.4 million).
For the record, Morocco is the only country on the African continent with a Free Trade Agreement (FTA) with the United States, eliminating tariffs on more than 95 percent of qualifying consumer.