Morocco came 15th in the world for mining investment attractiveness in 2025, showing it has rich mineral resources but a slightly mixed policy environment that affects investor confidence, according to a Fraser Institute survey released in February.
The country scored 78.97 on the Investment Attractiveness Index, moving up in the rankings among 68 regions assessed. Morocco ranked higher than several well-established mining areas.
The report says Morocco’s main draw is its minerals. On the “Best Practices Mineral Potential Index,” which looks only at geological prospects, Morocco ranks among the top countries, showing strong confidence in its resources.
But when it comes to government policies, things are less smooth. On the Policy Perception Index, which looks at rules, taxes, infrastructure, and political risks, Morocco sits in the middle. These issues don’t stop investors but don’t fully match the country’s mineral potential, leaving a gap between what it could attract and what it actually does.
Globally, mining companies roughly weigh mineral potential at 60% and policy conditions at 40% when deciding where to invest. In Morocco’s case, strong geology keeps it competitive, but policy hiccups hold it back from the very top.
North American regions like Nevada, Ontario, and Saskatchewan lead the rankings because they combine rich minerals with stable, investor-friendly rules. Morocco, by contrast, suffers from what analysts call a “policy discount,” where investors factor in some regulatory uncertainty.
In Africa, Morocco stands out, beating many countries that score low because of political instability, safety issues, or difficult rules.
