Morocco Approves $5 Billion Investment Boost Across Key Sectors
Morocco's National Investment Commission has approved 22 strategic projects totaling approximately $5 billion (50 billion Moroccan dirhams) in investment, a move poised to stimulate significant economic growth and create tens of thousands of jobs across diverse sectors.
By the Numbers
$5 Billion: Total value of the 22 approved investment projects (50 billion MAD).
14,600: Projected direct jobs to be created.
31,000: Projected indirect jobs to be created.
A Strategic Push Across Diverse Sectors
The approvals were granted during a recent meeting of the National Investment Commission, which was chaired by Prime Minister Aziz Akhannouch. The 22 projects span a wide range of critical industries, including tourism, infrastructure, general industry, commerce, energy, mining, water, and health. This multi-sector approach is a key component of Morocco's new Investment Charter, which aims to attract substantial private sector investment, both foreign and domestic.
Fueling Economic Growth and Job Creation
The approved investments are expected to have a significant impact on employment in the Kingdom. Official projections estimate the creation of 14,600 direct jobs and an additional 31,000 indirect jobs, providing a major boost to the national economy and local communities.
About the National Investment Commission
The National Investment Commission in Morocco is a key governmental body chaired by the Prime Minister. It is responsible for reviewing and approving major investment projects that fall under the scope of the new Investment Charter, facilitating a coordinated approach to attracting and streamlining significant investments that align with the country's strategic economic goals.
Looking Ahead
With the approvals now granted, the focus will shift to the successful implementation of these 22 projects. Their execution will be crucial in realizing the projected economic impacts and will further enhance Morocco's attractiveness as a premier investment destination within the MENA region and globally.