Morocco: Investment Committee approves 35 investment projects worth 19.4 billion dirhams
The interministerial commission on investments, met on Monday under the chairmanship of the Head of Government, Mr. Abdelilah Benkirane and examined and approved 35 investment projects amounting to 19.4 billion dirhams a statement by the head of government , MAP reports.
Source : https://www.marocafrik.com/english/Morocco-Investm...
There are 16 new investment agreements and amending Annexes for 19 conventions, the statement said, adding that these projects will create 4,700 direct jobs and stable employment.
Projects submitted to the commission concern the sectors of industry, energy, telecommunications, tourism, distribution, and real estate and trade.
They will be performed primarily in the areas of Laayoune-Sakia El Hamra, Rabat-Salé-Zemmour-Zaer, Grand Casablanca and Tangier-Tetouan.
At the beginning of the meeting, Mr. Abdelilah Benkirane reviewed the government's priorities to facilitate entrepreneurial activity and encourage investment.
He recalled in this context, the action plan adopted last week by the national commission's business climate, which includes a battery of measures aimed at improving the business climate, through institutional and legal reforms and the establishment of an interministerial commission to examine the investment projects that meet certain difficulties.
For his part, the Minister of Industry, Trade and New Technologies, Abdelkader Amara, said that the sectoral distribution of investments shows a predominance of the energy sector with an investment of 5.35 billion dirhams, up 29 pc , followed by tourism with 4.18 billion dirhams (22 pc).
In terms of job positions provided, tourism ranks first, with 2,500 job positions (52 pc), followed by industry
(1,400 jobs, 31 pc). The volume of investments made in partnership between the national and foreigners investors reached 10 billion dirhams, or 51 pc of total planned investments, subject to the commission, while domestic investments only come second with 4 billion dirhams (39 pc).
Projects submitted to the commission concern the sectors of industry, energy, telecommunications, tourism, distribution, and real estate and trade.
They will be performed primarily in the areas of Laayoune-Sakia El Hamra, Rabat-Salé-Zemmour-Zaer, Grand Casablanca and Tangier-Tetouan.
At the beginning of the meeting, Mr. Abdelilah Benkirane reviewed the government's priorities to facilitate entrepreneurial activity and encourage investment.
He recalled in this context, the action plan adopted last week by the national commission's business climate, which includes a battery of measures aimed at improving the business climate, through institutional and legal reforms and the establishment of an interministerial commission to examine the investment projects that meet certain difficulties.
For his part, the Minister of Industry, Trade and New Technologies, Abdelkader Amara, said that the sectoral distribution of investments shows a predominance of the energy sector with an investment of 5.35 billion dirhams, up 29 pc , followed by tourism with 4.18 billion dirhams (22 pc).
In terms of job positions provided, tourism ranks first, with 2,500 job positions (52 pc), followed by industry
(1,400 jobs, 31 pc). The volume of investments made in partnership between the national and foreigners investors reached 10 billion dirhams, or 51 pc of total planned investments, subject to the commission, while domestic investments only come second with 4 billion dirhams (39 pc).
Source : https://www.marocafrik.com/english/Morocco-Investm...