Morocco 3rd in MENA for Strongest Investment Momentum in 2023

Morocco is carrying strong investment momentum into 2023 and was ranked third among MENA countries, according to FDI Standout Watchlist 2023 by Foreign Direct Investment Intelligence (FDII).
This achievement was attributed to the solid macroeconomic cycle, with the IMF putting 2023 gross domestic product growth at 3.1% and inflation at 4.1%, in addition to renewable energy potential that attracts investors who are looking to combine Morocco’s solar and wind potential to produce green hydrogen.
For instance, Luxembourg-based Eren has put together a green hydrogen project in the Guelmim-Oued Noun region (southern Morocco), and is potentially able to mobilize more than $10bn.
Qatar leads the top 10, followed by India and Morocco. Another four MENA countries feature in the top 10: Oman (fourth), Saudi Arabia (sixth), Egypt (seventh) and the UAE (tenth).
The study, which assesses the macroeconomic and foreign direct investment (FDI) trajectory of the world’s top 50 FDI destinations using data from the IMF and foreign investment monitor fDi Markets, singles out those countries that are bucking the trend as the global economy edges closer to a possible recession in 2023.