The Moroccan government has approved nearly 200 investment projects, marking a significant turning point for the country’s economy.
The National Investment Commission (CNI) greenlit these initiatives, which are expected to require a total investment of 241 billion dirhams (approximately €22.32 billion).
Head of government Aziz Akhannouch hailed the decision as a testament to the effectiveness of the new investment charter.
This reformed framework has already facilitated the approval of 115 projects valued at MAD 173 billion, creating over 96,000 jobs.
The approved projects span a diverse range of crucial sectors, including industry, trade, transportation, logistics, renewable energy, mining, and telecommunications.
Social sectors like education, healthcare, and tourism are also poised to benefit from this investment surge.
The CNI plays a pivotal role in implementing the new investment charter’s priorities and fostering a competitive economic model.
The government is committed to empowering entrepreneurs and accelerating economic growth by creating stable, skilled jobs. Their strategic roadmap for 2023-2026 focuses on enhancing the business climate in three key areas.
Akhannouch outlined Morocco’s new Investment charter’s goals, highlighting the innovative support systems for both Moroccan and foreign enterprises.
These systems include comprehensive governance mechanisms and support for investment operations.
“This major royal initiative offers significant opportunities for companies, promoting investment across various sectors,” he said.
The head of government reported significant progress in implementing the regulatory frameworks governing investment operations.
“We have completed a substantial portion of the necessary regulations, which are essential for guiding and improving investments in our country,” Akhannouch noted.
To support these objectives, the government has launched several initiatives aimed at assisting investors nationwide and promoting Morocco as a prime investment destination.
The Prime Minister also highlighted the efforts of the investment committees, both the former Investment Committee and the current National Investment Committee.
Recent meetings of these committees have yielded impressive results, with 12 sessions approving 199 project agreements worth over 241 billion dirhams, projected to create around 140,000 direct and indirect jobs.
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