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Join on Telegram Rabat – Morocco’s new government plan includes the implementation of “immediate” and “concrete” measures to boost the economy and enhance youth employability for the 2021-2026 period.
Akhannouch’s government economic recovery initiative includes innovative employment programs aimed at supporting initiatives and financing local businesses.
In its program, the government is committed to creating at least 250,000 new employment opportunities in Morocco within two years.
The action plan also pledges to bolster several sectors, including agriculture, fishing, industry, and tourism, while investing heavily in vital sectors such as education and healthcare.
Regarding the agricultural sector, the government plans to create over 350,000 job opportunities in rural areas through the “Generation Green” strategy, while also ensuring social protection conditions to limit migration.
The implementation of the new agricultural strategy “Green Generation 2020-2030” seeks to encourage young people to invest in 1 million hectares of arable lands, and increase agricultural exports to MAD 60 billion ($6.6 billion) by 2030.
On the fisheries side, the executive intends to accelerate efforts to consolidate the achievements of the last decade, through the development of professionals’ skills and enhancing living and working conditions for employees
The government will also aim to preserve and promote Morocco’s position as an international hub for marine chains by preserving fisheries resources for future generations. The proposed measures will contribute to the creation of over 100,000 new employment opportunities in Morocco’s fisheries sector.
Since heavy industries require a significant investment in labor, the government plans to rely heavily on capital investment for the next five years in order to promote local integration.
The recovery plan foresees the creation of over 400,000 jobs in the period between 2022 and 2026, driven by growth in capital-intensive industries.
Pharmaceutical, automotive and related industries will contribute significantly to the creation of these jobs.
As Morocco’s automotive industry relatively grows each year, becoming Africa’s auto manufacturing hub, the government is set to increase the integration rate from 60% to 80% through locally producing industrial products instead of importing them from abroad.
The government also aims to strengthen the budget for the healthcare sector and enhance the teaching profession to create at least 50,000 jobs per year. Morocco will see a significant impact on its employment rate and economic growth if such investments are made in the health and education sectors.
