2024-07-26 21:19:34
These sectoral or thematic funds are intended to offer Moroccan companies financing solutions to strengthen their equity and enhance their capacity to invest, create sustainable jobs and develop in new geographic markets, indicates a press release from the Mohammed VI Investment Fund.
These funds will be financed by the Mohammed VI Fund and through the mobilization of national and international, public and private financing. They will focus in particular on the areas of industry, innovation and activities with high growth potential, the promotion of small and medium-sized enterprises, agriculture and tourism.
The management companies of these funds will be selected on the basis of several criteria including the quality of their teams, the robustness of the performances achieved in the management of similar funds and their capacity to mobilize funds from local or foreign investors.
They will be called upon to adopt the best standards of responsible investment, particularly in environmental and social matters, and to contribute to improving the rules of good governance within the companies invested in and to the establishment of transparent, rigorous and efficient management, underlines the same source.
And to recall that the objective of the Mohammed VI Fund is to catalyze investment, an essential vector of economic recovery. Its interventions cover in particular the contribution to the financing of structuring investment projects, the strengthening of companies’ equity and the establishment of any structured financing mechanism intended to provide them with financing solutions, as well as support for production activities.
With an initial share capital of 15 billion dirhams, it plans to raise an additional 30 billion in order to generate an investment envelope of 120 to 150 billion.
The terms of withdrawal of the specifications, governing the selection process of management companies for sectoral or thematic funds, are specified on the website of the Mohammed VI Investment Fund: “www.fm6i.ma”, notes the press release, specifying that the deadline for submission of application files by bidders in response to the specifications is set for July 13, 2023.
2024-07-26 21:19:34