"Istitmar" Program Helped Create 18,000 Jobs during Health Crisis (Minister)

"Istitmar" Program Helped Create 18,000 Jobs during Health Crisis (Minister)
Wednesday 21 October 2020 - 11:30

The “Istitmar” program has helped create 18,000 new jobs and invested 2 billion dirhams in small and medium-sized enterprises (SMEs) during the period of the health crisis linked to Covid-19, underlined, Tuesday in Rabat, Minister of Industry, Trade and Green and Digital Economy Moulay Hafid Elalamy.

In response to a question on the “Rehabilitation of SMEs” at the House of Advisors, Elalamy explained that the ministry has launched new programs which have yielded results mainly the “Istitmar” program which allowed to create 18,000 openings and invest 2 billion dirhams in SMEs, in addition to three other programs, namely “Mowakaba”, “Tatwir” and “Nawat”.

He said that the National Agency for the Promotion of SMEs (ANPME) works daily with these companies to find solutions to achieve the expected results, adding that during the health crisis, which affected all companies, new programs have been launched to provide them with the necessary technical support.

After highlighting the importance of the Agency in supporting these enterprises, the official explained that these companies have been affected, to different degrees, by the repercussions of the pandemic, noting that the tourism sector was the most affected, while that of the industry was the least affected, since exports grew compared to 2019, with the exception of the aeronautics sector.

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