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Morocco has averaged USD 3.5 billion in FDI annually across all sectors, UN Tourism said recently, noting that USD 2.2 billion was allocated to the sector between 2014 and 2023. Reports also stressed how Morocco is outpacing Egypt to become a regional leader in the industry.
Morocco welcomed 17.4 million tourists, with arrivals representing a 20% increase compared to 2023. The data is unprecedented in Morocco and has exceeded the target set by the country for 2026. The number of arrivals also made Morocco the most-visited country in all of Africa.
Morocco has averaged USD 3.5 billion in FDI annually across all sectors, UN Tourism said recently, noting that USD 2.2 billion was allocated to the sector between 2014 and 2023. Reports also stressed how Morocco is outpacing Egypt to become a regional leader in the industry.
Recalling the country’s assets, alongside the upcoming international competition it is hosting, like the AFCON in 2025 and the FIFA World Cup 2030. David Damiba, Kasada’s managing partner and co-chief executive officer, Granet remarked, stressed the enormous business opportunities Morocco presented.
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Beyond its interest in Morocco, Kasada is ambitious to grow its business and presence across luxury hospitality in different areas in sub-Saharan Africa, Bloomberg added.
