The National Investments Committee approves 42 projects with a total value estimated at 7.4 billion DH.. (Communication from the Presidency of the Government)✍️👇👇👇

These projects will create 16,200 jobs in the private sector

The National Investment Committee, at its third session, today, Thursday in Rabat, approved 42 projects (34 draft agreements and 8 agreement annexes), to be completed by the private sector, with a total value estimated at 7.4 billion dirhams.

A statement from the Prime Minister stated that these projects, which were approved during the work of this session, which was chaired by the Prime Minister, Aziz Akhannouch, via visual analogue technology, will enable the creation of 16,200 jobs, including 5,900 direct jobs and 10,300 jobs. Indirect employment.

The same source highlighted that the national private sector's investment of 60 percent of the value of the approved investment projects clearly reflects that the new investment charter fundamentally stimulates national enterprises. ‏

He added that the food industry and tourism sectors top the approved investment projects, which respectively represent 35 percent and 25 percent of the total amount, followed by waste treatment with 9 percent, then logistics, which represents 6 percent. Other sectors concerned include: hardware. Medical, pharmaceutical industry, energy, mariculture, chemicals and semi-chemicals, electronics, automobile and textile.

Regarding job opportunities, the communication confirmed that the industrial sector is considered the main sector in terms of the number of job positions that will be created thanks to the projects approved during the National Investment Committee, as this sector will create more than 9 thousand direct and indirect jobs, meaning more than 56 per cent. percent of total job opportunities, followed by the tourism sector with approximately 13 percent, and the pharmaceutical industry with 8 percent.

Akhannouch stressed, during this meeting, that supporting private national investment and creating jobs are among the government’s priorities, in implementation of the royal directives, explaining that all concerned parties are mobilized in order to ensure the sustainability of the recorded dynamism necessary to contribute to creating Morocco’s economic recovery.

The third session of the National Investment Committee was attended by Messrs. Mohamed Hajjaoui, Secretary-General of the Government, Nadia Fattah, Minister of Economy and Finance, Khaled Ait Taleb, Minister of Health and Social Protection, Fatima Zahraa Al-Mansouri, Minister of National Territorial Preparation, Construction, Housing and City Policy, and Mohamed Seddiqi, Minister of Agriculture, Marine Fisheries and Rural Development. Water and Forests, and Younes Skouri, Minister of Economic Inclusion, Small Enterprises, Employment and Skills.

This session was also attended by Riad Mazour, Minister of Industry and Trade, Fatima Zahraa Amour, Minister of Tourism, Handicrafts, Social and Solidarity Economy, Abdellatif Meraoui, Minister of Higher Education, Scientific Research and Innovation, Mohamed Abdeljalil, Minister of Transport and Logistics, and Mohsen Jazouli, Minister Delegate to the Prime Minister in charge of Investment, Concretion and Evaluation. Public Policies, Fawzi Lakjaa, Minister Delegate to the Minister of Economy and Finance in charge of the Budget, and Ghaitha Mazour, Minister Delegate to the Prime Minister in charge of Digital Transition and Administrative Reform, in addition to Ali Seddiqi, Director General of the Moroccan Agency for the Development of Investments and Exports.

It is noteworthy that the National Investment Committee was created under the new Investment Charter, which enhances the dynamism of private investment in the Kingdom, since its entry into force in March 2023, in implementation of the high directives of His Majesty King Mohammed VI.