Assahafa.com
The Arab electricity and renewable energy market reached a total trade value of MAD 363 billion ($39.2 billion) in 2024, according to a new report by the Arab Investment & Export Credit Guarantee Corporation (Dhaman).
Only five countries—UAE, Saudi Arabia, Iraq, Qatar, and Morocco—accounted for 81% of this trade, highlighting the concentration of energy exports in the region.
Morocco emerged as a significant player, with electricity and related equipment exports valued at around MAD 3.3 billion ($360 million), securing the fourth position among Arab nations and representing 4.7% of total regional exports. The data reflects the kingdom’s transition from being a major energy consumer to a key exporter in the regional energy system.
The report, titled “Electricity and Renewable Energy in Arab Countries,” highlights Morocco’s progress under its ambitious energy strategy, which has boosted foreign direct investment (FDI) and strengthened the country’s position in the regional energy market.
Morocco attracted more than MAD 352 billion ($38.1 billion) in renewable energy investments between 2003 and 2024, representing 11% of total Arab investments in the sector.
Fifty-five major projects contributed to creating over 12,000 jobs, accounting for 15% of newly generated employment in the region. Alongside Egypt, the UAE, Mauritania, and Jordan, Morocco now accounts for 69% of renewable energy projects and 83% of invested capital in the Arab world.
The report also emphasized Morocco’s strategic role as an “energy bridge” connecting the Maghreb with Sub-Saharan Africa, reinforcing its status as a hub for renewable energy and sustainable development. Large-scale initiatives such as the Noor Solar Complex and other green energy projects showcase the success of Morocco’s clean energy investments.
Looking ahead, Arab electricity generation is projected to grow by 4.2% annually, placing countries like Morocco at the forefront of infrastructure development to ensure stable supply and meet rising domestic and international demand.
By enhancing renewable energy production, exports, and regional electricity interconnections, Morocco is positioning itself as a central player in the Arab energy transition and a model for sustainable investment in the region.
Source: Morocco word news
