Investments: Government Approves 42 Billion MAD for New Projects Creating Nearly 9,800 Jobs
Morocco continues to drive its investment attraction strategy. Convened in Rabat under the presidency of Prime Minister Aziz Akhannouch, the 11th National Investment Commission (CNI) has approved new investment projects totaling nearly 42 billion dirhams.
In total, 29 investment agreements and 9 amendments have been validated as part of the new Investment Charter’s main framework, leading to the creation of approximately 9,800 jobs, including 2,400 direct jobs and 7,400 indirect jobs.
Projects Spread Across Multiple Regions of the Kingdom
The approved investments concern 16 provinces and prefectures spread across six regions of the Kingdom. Among the benefiting territories are Al Haouz, El Jadida, Moulay Yacoub, Nador, Rehamna, and Taroudant.
This distribution confirms the government’s commitment to promoting a more balanced economic development across the various regions of the country.
Thirteen Economic Sectors Involved
The approved projects cover 13 strategic sectors, illustrating the diversification of the Moroccan economy.
The primary areas of focus include:
- Tourism and leisure;
- Agri-food industry;
- Chemicals and para-chemicals;
- Aerospace;
- Port infrastructure;
- Logistics;
- Trade and distribution;
- Telecommunications;
- Waste transformation and recovery;
- Renewable energies.
The agri-food industry stands out as the leading job creator among the selected projects, ahead of chemicals, para-chemicals, and aerospace.
Three Additional Strategic Projects Approved
As part of the strategic framework of the Investment Charter, the Commission has also greenlit three major projects representing 8.4 billion dirhams in investments, which will create over 2,700 direct jobs, alongside an amendment to an existing agreement.
These investments involve three high-potential sectors:
- Electric vehicle industry;
- Aerospace;
- Textiles.
The projects will be implemented in the regions of Casablanca-Settat, Rabat-Salé-Kénitra, Fès-Meknès, and Tanger-Tétouan-Al Hoceïma.
Three New Projects Granted Strategic Status
The Commission has also conferred strategic status on three investment projects amounting to nearly 29 billion dirhams.
These initiatives are expected to generate over 1,100 direct jobs and contribute to the development of high-value industrial sectors.
Over 520 Billion Dirhams in Investments Since the New Charter
At the opening of this 11th meeting, Aziz Akhannouch presented a positive assessment of the implementation of the new Investment Charter, which came into effect three years ago.
Since its launch, 391 investment agreements have been signed, mobilizing a total of 520 billion dirhams.
The Prime Minister emphasized that this reform promotes better territorial balance, encourages the creation of sustainable jobs, supports gender equality, reinforces sustainable development, and nurtures the emergence of new strategic industrial sectors.
He also highlighted Morocco’s ability to attract significant projects that bolster the competitiveness of the national economy and enhance the Kingdom’s industrial sovereignty.
