3rd National Investment Commission: 42 projects approved for MAD 7.4 billion

by times news cr

2024-05-05 15:25:06

These projects, all carried out by private companies, should enable the creation of more than 16,200 jobs, including 5,900 direct and 10,300 indirect, indicates a press release from the Department of the Head of Government, recalling that this Commission is established by the new Morocco reiterates its commitment to a fair and open multilateral trading system”>Investment Charter which confirms the dynamic of private investment in the Kingdom and demonstrates the positive impacts of this charter, operational since March 2023, in accordance with the High Guidelines of His Majesty King Mohammed VI.

The amount of investment approved during this commission is increased to nearly 60% by Moroccan companies, thus confirming that the new investment charter mainly benefits national companies, specifies the same source.

The main sectors concerned are agri-food and tourism, which respectively represent 35% and 25% of the total amount approved, followed by waste treatment at 9% and logistics which represents 6%. Other sectors concerned include medical devices, the pharmaceutical industry, energy, aquaculture, chemicals/parachemistry, electronics, automobiles and textiles.

Concerning the jobs created, the agri-food sector is the main provider of jobs for the projects approved during this CNI with the creation of more than 9,000 direct and indirect jobs, or more than 56% of the total, followed by tourism, up to 13% and the pharmaceutical industry up to 8%.

During the meeting, the Head of Government assured that supporting national private investment and job creation constitute a priority of the government, in accordance with the High Guidelines of HM King Mohammed VI. Mr. Akhannouch also recalled that all the stakeholders concerned remain mobilized to perpetuate the observed dynamic, which is necessary for the economic recovery of our country.

This 3rd CNI was attended by the Secretary General of the Government, Mohamed El Hajoui, the Minister of Economy and Finance, Nadia Fettah, the Minister of Health and Social Protection, Khalid Ait Taleb, the Minister of National Territorial Planning, Urban Planning, Housing and City Policy, Fatima Zahra El Mansouri, the Minister of Agriculture, Maritime Fisheries, Rural Development and Water and Forests, Mohamed Sadiki , the Minister of Economic Inclusion, Small Business, Labor and Skills, Younes Sekkouri, the Minister of Industry and Commerce, Ryad Mezzour, the Minister of Tourism, Crafts, Economy Social and Solidarity, Fatima Zahra Ammor, the Minister of Higher Education, Scientific Research and Innovation, Abdellatif Miraoui, the Minister of Transport and Logistics, Mohamed Abdeljalil, the Minister Delegate in charge of Investment, of Convergence and Evaluation of Public Policies, Mohcine Jazouli, the Minister Delegate in charge of the Budget, Fouzi Lekjaa, the Minister Delegate in charge of the Digital Transition and Reform and Administration Ghita Mezzour and the Director General of the Moroccan Agency for Investment and Export Development, Ali Seddiki.

2024-05-05 15:25:06

You may also like

Leave a Comment