Morocco increased its holdings of US Treasury securities to $4.1 billion in December 2025, up from $3.2 billion a year earlier, Forbes Middle East reported.
The country’s portfolio saw only mild fluctuations over the year, briefly bottoming out at $3.3 billion in January before gradually recovering.
This evolution reflects what Forbes Middle East describes as a cautious investment posture, focused on maintaining limited exposure to high-quality, liquid US assets.
Hassan Fawaz, president and founder of GivTrade, told the outlet that Morocco’s increase aligns with the kingdom’s approach to managing precautionary reserves and supporting import coverage, at a time when both foreign direct investment and tourism have strengthened.
While Morocco expanded its holdings, Gulf states continued to dominate Arab exposure to US Treasuries in 2025, according to Forbes Middle East. Saudi Arabia held $149.5 billion, the United Arab Emirates $95.6 billion and Kuwait $66.1 billion, together accounting for the bulk of the region’s total of $315.3 billion. All three registered significant annual increases.
