2024-07-17 06:00:32
The net flow of Foreign Direct Investments (FDI) reached 2 billion euros in 2022, up 8.3% compared to 2021, said Mr. Alj who was speaking at a session dedicated to investment in Morocco initiated as part of the activities of the Africa CEO Forum summit which is being held in Abidjan on June 5 and 6.
A good part of these investments have helped to strengthen or even create ecosystems in sectors such as aeronautics, automobiles, agri-food, renewable energies and new technologies, he stressed.
According to him, Morocco’s achievements as an investment destination and the major advances made by the Kingdom, particularly on the macroeconomic level, in terms of business climate, infrastructure and opening up to other markets, are no longer in doubt.
“Our ambition, as the Moroccan private sector, is also to create complementary African ecosystems and value chains with our partners on the continent to meet food, logistics and climate challenges and strengthen continental economic integration, particularly in light of the implementation of the AfCFTA,” he continued.
Emphasizing the Royal Investment Charter project, Mr. Alj detailed that this new Charter brings exceptional incentives to project leaders of up to 30% of CAPEX and this with the aim of reversing the trend to have 1/3 of investments from the State and 2/3 from the private sector.
“This is an awareness and a real change of mindset,” he rejoiced, highlighting the growing place that innovation and R&D occupy today in the Moroccan economy.
He also stressed that Morocco, as a leader in renewable energies, is currently moving towards a decarbonization of its economy, especially since its potential and its resources in green energies allow it, but also with the upcoming opening to medium voltage.
Companies are fully aware of the need for the green transition and are committed to this process, which represents a great opportunity to boost their competitiveness and their presence on international markets, particularly in Europe, he assured.
He also specified that the Kingdom has several industrial zones, connected to logistics platforms and employment areas, where integrated productive ecosystems are installed, while others are being set up.
Another major issue is human capital, added Mr. Alj, who affirmed that the quality and competitiveness of Moroccan human resources are no longer in doubt.
He noted in this sense that to accelerate the growth of the sectors and guarantee a match between supply and demand in terms of training, Morocco has training institutes with delegated management run by professionals from the sectors themselves.
The Africa CEO Forum, this major annual meeting of the private sector in Africa, brought together this year more than 1,800 African and international business leaders and public decision-makers around the theme “Succeeding despite crises – From 300 to 3,000: how to accelerate the emergence of the next generation of African champions”.
2024-07-17 06:00:32