Rabat – Stimulating investments is the lever to economic development, supporting Morocco to engage in emerging industries and boosting employment, King Mohammed VI said during his speech marking the opening of the new parliamentary session.
Highlighting the need to support Morocco’s economy to attract investments, King Mohammed VI pointed out that investments play an important role in stimulating socio-economic development and strengthening the state’s ability to fund various human development programs.
Sharing his vision for stimulating the flow of investment in Morocco, the monarch said that he “expects that the new Investment Pact – a state initiative aiming to attract investments – would steer Morocco in the right direction to become an attractive investment destination for the national as well as the international private sector.”
In his speech, the King stressed the need to lift restrictions and address challenges hindering growth in investments, calling on regional investment centers to “supervise investment operations in the country.”
To this end, the investment centers “should work to become more efficient, and provide quality services to support project holders and assist them in bringing their projects to life.”
In addition to recalling the important role of regional investment centers, the monarch gave equal weight to the need for the government’s intervention saying that “regional investment centers should receive the necessary support from all stakeholders on the regional and national levels”
Regarding the business climate, he reckoned that “the structural reforms Morocco has undertaken significantly improved Morocco’s image as a business destination,” but emphasized that results could still be improved to support the country to reach its full potential through encouraging private initiatives, and attracting more foreign investments.”
In the same vein, the monarch underscored the importance of accelerating the rate of adopting the advanced regionalization plan – a strategy aiming to create economically autonomous regions – and easing administrative processes.
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