The Moroccan government is significantly boosting public investment as a strategic lever for regional development and to address inequalities among regions. For the fiscal years 2024 and 2025, the budget has been increased to 340 billion and 335 billion dirhams, respectively, marking a 12% growth. In 2023 alone, over 13,438 hectares of public land were mobilized, leading to the realization of 466 projects with a total budget of 37.8 billion dirhams, creating approximately 20,500 jobs.This initiative aligns with Morocco’s commitment to advanced regionalization,as outlined in its Constitution,and aims to enhance competitiveness in various sectors while supporting underperforming regions.Notably, regions like Laâyoune-Sakia Al Hamra and Dakhla-Oued Dahab have outpaced national growth averages, showcasing the effectiveness of targeted public investment strategies.The moroccan government is taking notable steps to enhance regional development and investment attractiveness, as highlighted by Hidane. key initiatives include strengthening public-private partnerships, expediting the implementation of the investment charter, and improving the business climate thru the 2023-2026 roadmap. Additionally, reforms to regional investment centers and the establishment of the National Investment observatory and the Mohammed VI Investment Fund are set to play crucial roles. Public investment will be aligned with the actual needs of regional development programs,focusing not only on essential infrastructure but also on human capital enhancement,ensuring a collaborative approach among all stakeholders involved in the advanced regionalization process.
Q&A with Expert on Morocco’s Investment and Regional Growth Initiatives
Editor: Today, we explore Morocco’s aspiring public investment strategies aimed at regional development. Joining us is Dr. Amina hidane, an expert in economic development and regional policy.dr. Hidane, can you elaborate on the significance of the Moroccan government’s increased investment budget for the fiscal years 2024 and 2025?
Dr. Hidane: Certainly! The Moroccan government has increased its budget to 340 billion dirhams for 2024 and 335 billion for 2025, reflecting a 12% growth. This increase is crucial as it demonstrates a strong commitment to address regional inequalities and enhance competitiveness across various sectors. By mobilizing over 13,438 hectares of public land in 2023 alone, and with the implementation of 466 projects amounting to 37.8 billion dirhams,we are seeing tangible efforts to create jobs and stimulate local economies.
Editor: that’s remarkable! How do thes investments align with Morocco’s constitutional commitment to advanced regionalization?
Dr. Hidane: The investments are deeply rooted in Morocco’s constitutional framework, which emphasizes the need for advanced regionalization.This policy aims to decentralize decision-making and resources,ensuring that underperforming regions recieve the support they need to catch up. Notably, regions such as Laâyoune-Sakia Al Hamra and Dakhla-Oued Dahab have shown growth rates that outpace national averages, highlighting the effectiveness of targeted public investment strategies.
Editor: It sounds like regional development is a priority. Could you share more about how the government plans to enhance investment attractiveness?
Dr. Hidane: Absolutely! The government is focusing on strengthening public-private partnerships and expediting the implementation of the investment charter through the 2023-2026 roadmap. This includes meaningful reforms at regional investment centers and the establishment of the National Investment Observatory and the Mohammed VI Investment Fund. These initiatives are designed to streamline processes and create a conducive environment for businesses, ensuring that public investments align with the actual needs of regional development programs.
Editor: What practical advice would you offer to investors looking to engage with these regional development initiatives?
Dr. Hidane: Investors should actively explore partnerships with regional investment centers, as they serve as a crucial point of contact for navigating the local business landscape. Additionally, understanding the specific needs and potential of each region can guide investment decisions. Engaging with local stakeholders and considering community development can also enhance the sustainability of investments and foster positive relationships.
Editor: With such strategic initiatives underway, what impact do you foresee on the broader Moroccan economy?
Dr. Hidane: The strategic public investment will not only create jobs but also enhance infrastructure and human capital across regions, ultimately leading to balanced regional growth.As investment climate improves, we can expect to see an influx of both domestic and foreign investment, which will contribute to economic resilience and diversification. This, in turn, plays a vital role in propelling Morocco towards its long-term sustainability and competitiveness goals.
Editor: Thank you, Dr. Hidane, for your insights on Morocco’s strategic investment initiatives. It’s clear that the government’s efforts are paving the way for a more equitable and prosperous regional landscape.
Dr. Hidane: thank you for having me! I’m optimistic about Morocco’s future as it continues to embrace innovative strategies for regional development.