By Morocco is on the cusp of attracting significant foreign investments in its automotive and green hydrogen sectors. The latest economic and financial report for the 2025 draft finance law forecasts a surge in new foreign direct investments (FDI). With ambitious projects lined up, the country is positioning itself as a key player in sustainable industries.
Chinese Giant Gotion Commits $6.4 Billion to Moroccan EV Battery Plant
Big moves are happening in the electric vehicle space.
Chinese tech company Gotion plans to set up a massive battery factory for electric vehicles in Morocco, investing a hefty $6.4 billion.
This development brings:
- Enhanced local production of EV batteries.
- Strengthened economic ties between Morocco and China.
- New job opportunities and tech advancements in the region.
Announced last June, this project is set to elevate Morocco’s role in the global EV market.
Green Hydrogen Projects Flourish Under L’Offre Maroc Initiative
Morocco isn’t stopping at electric vehicles.
The L’Offre Maroc initiative has sparked numerous projects aiming to produce over 3 million tonnes of green hydrogen.
Key highlights include:
- Development of sustainable energy solutions.
- Attraction of international investors in renewable energy.
- Contribution to global efforts to reduce carbon emissions.
These ventures showcase Morocco’s commitment to renewable energy and its potential to lead in green hydrogen production.
Shifting Trends in Foreign Investments and Sector Growth
Who’s investing where?
Data from the Bureau de Change shows:
| Country | Share of Total FDI in 2023 |
|---|---|
| France | 33% |
| United Arab Emirates | 10% |
| Britain | 8% |
| Spain | 7% |
In 2023, industry and real estate were the most attractive sectors, capturing 38% and 22% of total FDI respectively. Transport, energy and mining, and tourism followed suit.