The Inter-ministerial Investment Commission, convened on Wednesday in Rabat under the chairmanship of head of government, Saad Dine El Otmani, approved 45 draft agreements and amendments for a global sum estimated at 23.38 billion dirhams.
These investments are likely to generate 3,194 direct jobs and 5,406 indirect jobs, the head of government’s department said in a statement.
This meeting is taking place in a “difficult economic and financial situation due to the repercussions of the pandemic of the novel coronavirus and is part of a new stage in our country’s fight against this epidemic”, which consists in restoring economic dynamics, after having succeeded in ensuring objective conditions for a gradual and safe exit from confinement thanks to the efforts and cohesion of all components of the country under the far-sighted leadership of HM King Mohammed VI, said the head of government in a speech on this occasion.
He also highlighted the importance of the investments which are the subject of this meeting and that concern several vital sectors such as energy infrastructure, renewable energies, telecommunications, industry and commerce, tourism and leisure.
These investments are considered, with regard to their budget, “very encouraging, given the economic situation we are experiencing and compared to the results of last year”, during which the volume of investments reached 28 billion dirhams, he noted.
The distribution of investments by sector shows that energy infrastructure and renewable energies come first with MAD 7.72 bln of investments, i.e. more than 33% of the total investments approved by the Commission, followed by the telecommunications sector, then industry and commerce, according to the statement.
The tourism and leisure sector ranks first in terms of employment with a total of 1,534 jobs, i.e. more than 48% of the total number of jobs to be created, followed by the industry and commerce sector with 1,410 jobs, then the telecommunications sector, the same source stressed.
Joint ventures represent the majority of approved projects, with investments amounting to 14.91 billion dirhams, i.e. 61%, due to large-scale projects planned in the sectors of telecommunications, transport, energy, tourism and leisure.
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