Government Approves New Projects Set to Create 54,000 Jobs

Rabat – Morocco’s National Investment Commission has approved 171 projects for over MAD 94 billion ($ 9.3 billion), 43 of which are financed by foreign investment coming from 18 countries.

The news was announced by Karim Zidane, Minister Delegate in charge of Investment, Convergence and Public Policy Evaluation, during a session at the House of Councilors in Rabat on Tuesday.

These projects, he noted, will contribute to the creation of more than 54,000 jobs, and have been approved since the new Investment Charter took effect.

The minister also spoke to the House about the government’s action plan to promote investment, particularly on mobilizing private expenditures – whether domestic, foreign, or from Moroccan expatriates.

This should take place through a reform of the State’s investment policy and the adoption of an incentive charter for all types of investment, both domestic and foreign.

He also pointed out that a strategic roadmap has been put jointly with stakeholders to improve the business climate in the country. The roadmap, which defines projects to be implemented during the period 2023-2026, includes 46 initiatives aimed at facilitating investment and overcoming obstacles investors face.

Zidane noted that 83% of these initiatives had been launched by the end of 2024.

Meanwhile, international promotional tours to support Morocco’s investment and engage with leading companies have taken place. The minister added that the aim is to attract strategic projects capable of creating promising economic ecosystems in the country, one example being with the electric mobility sector.

The minister also said that boosting investments from Moroccans living abroad requires enhanced communication with this community. He expressed the importance of capitalizing on all available channels to inform them about investment opportunities and organizing dedicated meetings during promotional tours.

Additionally, he talked about the need to strengthen the reception, guidance, and support structures for this community at both national and regional levels to facilitate their engagement.

Talking of the ministry’s efforts to leverage advanced technologies to boost investments from Moroccans living abroad, Zidane revealed the development of a specialized platform that integrates AI to provide comprehensive investment-related information that is translated into the languages of countries where Moroccan expatriates reside.

In November 2024, Morocco’s head of government, Aziz Akhannouch, said that the new Investment Charter has greatly enhanced the performance of the National Investment Commission, driving formidable progress in the country’s investment landscape.

These efforts are in line with Morocco’s strategic plan to boost investment as the cornerstone to economic development.