Morocco’s Government Approves 26 Investment Projects for 2023

Rabat – Morocco’s government has approved 26 investment projects under a total budget of MAD 28.5 billion ($2.8 million). The projects are set to create more than 3,735 direct jobs and 23,182 indirect jobs.

The projects were approved during a meeting in Rabat today of a governmental investment commission chaired by Morocco’s Head of Government, Aziz Akhannouch.

During the meeting, the commission also examined 12 draft agreements and 14 amendments, according to an official statement.

The approved projects are largely clustered in the higher education sector, followed by the industrial sector, and tourism. Projects relating to higher education will see the creation of 1,560 direct jobs, followed by the trade and real estate sector, as well as the tourism sector.

Speaking at the meeting, Akhannouch stressed the importance of the undertaken regulatory reforms to promote investments as a lever for socio-economic development.

The head of government also welcomed the set of measures taken by the government to accelerate the reform projects aiming to facilitate the process of investing in Morocco.

Observers have maintained over the years that making life easier for investors in Morocco entails simplifying and digitizing investment procedures, investing in administrative deconcentration, improving access to land, and boosting urbanization.

According to Akhannouch, the reform projects will boost Morocco’s attractiveness and competitiveness as an investment destination.

The governmental investment commission has held seven meetings since the start of this legislative year. During these meetings, 84 draft agreements and amendments were approved under a total amount of MAD 67.6 billion ($6.6 billion), leading to the creation of 10,259 direct jobs and 33,418 indirect jobs.

The commission was attended by a number of ministers and high-ranking officials, including Mohamed Hajoui, Secretary General of the Government; Nadia Fettah, Minister of Economy and Finance; and Nizar Baraka, Minister of Equipment and Water, among others.