The National Investment Commission approves several projects covering the 12 regions of the Kingdom (Mr. Zidane)
Rabat – The 6th National Investment Commission, established by the new Investment Charter, approved on tuesday in Rabat, several projects covering the 12 regions of the Kingdom, indicated the Minister Delegate, in charge of Investment, Convergence and of Public Policy Evaluation, Karim Zidane.
The commission approved 56 investment projects for a total amount of 134 billion dirhams (billion dirhams),including 45 billion dirhams of private investment,allowing the creation of nearly 28,000 jobs,the minister told the press. the outcome of the meeting chaired by the Head of Government, aziz Akhannouch.
Among these projects, 52 were adopted as part of the main mechanism of the new investment Charter for nearly 113 billion dirhams, allowing the creation of nearly 18,000 direct and indirect jobs, while 4 projects generating nearly 10,000 direct and indirect jobs were adopted as part of the strategic projects system for 21 billion dirhams, he added.
The Commission also granted a strategic character to 3 additional investment projects in vital sectors, he said, noting that the investments approved within the framework of the main system concern 32 provinces and prefectures in the 12 regions of the Kingdom.
these indicators confirm that the new investment charter contributes to the consolidation of spatial justice and offers investment and employment opportunities across the Kingdom, he said, stressing that the government, all sectors combined , will support these projects until they come to fruition on the ground.
What are the expected economic impacts of the recent National Investment Commission approvals on job creation in Morocco?
Interview with Investment Expert: Understanding the Recent National Investment Commission Approvals and Their Implications
Time.news Editor: Thank you for joining us today. We are excited too discuss the recent approvals by the National investment Commission, as highlighted by Minister Karim Zidane. Can you provide us with an overview of what projects were approved and their significance?
Expert: Certainly! The 6th National Investment Commission meeting recently approved 56 investment projects, totaling 134 billion dirhams. This includes a substantial 45 billion dirhams from private investments, which is crucial for creating nearly 28,000 jobs across the Kingdom’s 12 regions. These approvals are a critically important step forward in driving regional development and economic growth.
Time.news Editor: That’s remarkable! What are some specific projects that stand out from the recent approvals?
Expert: Among the approved projects, 52 were aligned with the main mechanism of the new investment charter, amounting to roughly 113 billion dirhams, which alone is expected to create about 18,000 jobs. Furthermore, there are four strategic projects that will generate around 10,000 jobs through a combined investment of 21 billion dirhams. ItS noteworthy that these projects span across 32 provinces and prefectures, indicating a commitment to spatial equity in development.
Time.news Editor: the concept of spatial justice is interesting. How does this investment approach support that principle?
Expert: The new investment charter is pivotal in promoting spatial justice by ensuring that investments and employment opportunities are distributed equitably across the Kingdom. This helps mitigate regional disparities in economic development. By spreading opportunities across all 12 regions, the government fosters inclusiveness in growth.
Time.news Editor: What does the approval of a strategic character for three additional investment projects in vital sectors suggest about the government’s priorities?
Expert: Granting a strategic character to these projects highlights the government’s focus on critical sectors that can positively impact the economy, such as renewable energy, technology, and infrastructure. These targeted investments can stimulate innovation and long-term sustainability, ensuring that the country remains competitive in the global market.
Time.news Editor: How will the government support these projects to ensure thay are realized on the ground?
Expert: The government, through various sectors, is committed to monitoring and supporting these initiatives until completion. This support may involve facilitating regulatory approvals,providing financial incentives,and ensuring that necessary infrastructure is in place. Continuous engagement with stakeholders will also be crucial to address any challenges that arise during project implementation.
Time.news Editor: For our readers who may be considering investing or starting businesses in Morocco, what practical advice would you offer?
Expert: Entrepreneurs and investors should closely follow the developments related to the investment charter and seek alignment with the national priorities outlined in it. Engaging with local governments and understanding regional needs can also provide valuable insights. Additionally,leveraging incentives provided by the government can enhance the feasibility and profitability of their ventures.
Time.news Editor: Thank you for sharing these insights. the recent approvals by the National investment Commission are a transformative step for economic development across Morocco.We appreciate your expertise and look forward to seeing these projects come to life.
Expert: Thank you for having me! It’s an exciting time for investment in Morocco, and I am hopeful these projects will create positive impacts across the Kingdom.