Moroccan Industrial Sector Records Record Growth in Investment
The Moroccan industrial sector achieved exceptional performance in investment during 2024, with total investments reaching 89.7 billion dirhams, marking a 30% increase compared to 2023, according to the National Industry Barometer report issued by the Ministry of Industry and Trade.
This record growth reflects a renewed confidence in the national production fabric and the effectiveness of public policies aimed at enhancing industrial attractiveness and stimulating productive financing.
The report indicates that the investment growth was primarily driven by capital-intensive sectors, with the chemicals and para-chemicals sector leading, accounting for 53.2% of industrial investments, equivalent to 47.7 billion dirhams, and recording an annual growth rate exceeding 53%.
The automotive sector came in second with investments totaling 15.7 billion dirhams, followed by the food industry, which surpassed 10 billion dirhams, while the pharmaceutical sector invested 4.3 billion dirhams in production development and research and development projects.
Geographically, the Casablanca-Settat region maintained its leadership, attracting 65.8% of total investments, amounting to 59 billion dirhams, with an annual growth of 35%.
The regions of Marrakech-Safi and Tangier-Tetouan-Al Hoceima also demonstrated strong dynamics, with investments reaching 9.5 and 8.6 billion dirhams respectively, followed by the Rabat-Salé-Kénitra region with 6.4 billion dirhams.
The national industrial investment rate reached 37.4% of value added compared to 31.8% in 2023, reflecting a rapid pace of technological renewal of equipment and production structures. Certain regions recorded exceptional rates such as Drâa-Tafilalet (116.9%), Marrakech-Safi (57.7%), and Casablanca-Settat (51%).
The National Industry Barometer confirms that this investment momentum represents a key pillar for strengthening Morocco’s industrial sovereignty, repositioning it as an advanced industrial platform capable of attracting quality investments, creating sustainable job opportunities, and enhancing the competitiveness of the national economy within global value chains.
