Morocco’s New Investment Charter Draft Aims to Boost Strategic Projects

Rabat – King Mohammed VI chaired a working session devoted to the new investment charter on February 16 at the royal residence in Bouznika.

During the session, Delegate-Ministry to the Head of Government in charge of Investment, Convergence, and the Evaluation of Public Policies Mohcine Jazouli,, presented the main points of the new investment charter draft, according to a statement from the Royal Cabinet.

The project aims to increase the share of private investment to two-thirds of total investment by 2035, as private investment accounts for only about one-third of total investment, with public investment accounting for two-thirds.

The project is part of Morocco’s New Development Model (NDM) with a focus on creating more jobs, promoting equitable development of territories, and prioritizing promising sectors to boost the country’s economy.

The draft of the new charter also aims to support the NDM’s objectives and other projects set by the government, as well as the common premiums, in support of investments in line with the High Royal Guidelines, the same source noted.

It also aims to support an additional territorial premium to boost investment in the least promoted provinces, in addition to providing support to an additional sectoral premium, granting incentives to boost promising sectors.

The charter project provides exclusive support for strategic projects such as the defense and the pharmaceutical industry, within the framework of the National Investment Commission, as well as a specific support scheme for small and medium-sized enterprises (SMEs).

The project has a scheme for the development of Moroccan investments abroad. The Royal Cabinet statement stressed that the king gave his instructions to prepare for the implementation of the new investment charter.

King Mohammed VI invited the government “to actively involve private operators in the process of implementing the charter, including the General Confederation of Moroccan Enterprises (CGEM) and the Professional Group of Banks of Morocco (GPBM).”

Present at the working session was Head of Government Aziz Akhannouch, the King’s Advisor Fouad Ali El Himma, Minister of the Interior Abdelouafi Laftit, Minister of Economy and Finance Nadia Fettah Alaoui, and Minister of Industry and Trade Ryad Mezzour.