Rabat – 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…
