These approved projects will allow the creation of 5,728 direct jobs and 14,707 indirect jobs.
The head of the Moroccan government, Aziz Akhannouch, chaired the first National Investment Commission set up by the new Investment Charter on Wednesday 24 May in Rabat, marking a new stage in the Charter’s operationalisation.
This Commission examined 17 draft Conventions and 4 amendments to Conventions. The 21 projects examined were all approved for a total amount of almost 7 billion euros (76.7 billion DH), allowing the creation of 5,728 direct jobs and 14,707 indirect jobs.
The investment agreements and amendments approved during this commission are dominated by the industrial sector with 53.6 billion dirhams (1 euro = 11 DH), or almost 70% of the investments committed, followed by seawater desalination with 14% of the planned investments and renewable energies with 4%.
In terms of employment, the industrial sector is the main source of jobs. Projects in this sector are expected to create 4,213 direct jobs, i.e. more than 73% of the total number of jobs to be created, while projects in the tourism and health sectors are expected to create 8% of the total number of jobs.
In addition, in application of the new prerogatives of the National Investment Commission and the provisions of the implementing decree on the special aid scheme for projects of a strategic nature, 6 other investment projects were examined by the Commission, which considered them to be of a strategic nature.
These projects, which represent an investment potential of 54.8 billion dirhams and the creation of 13,260 direct jobs and 33,150 indirect jobs, will be examined by the Technical Committee for Strategic Investment Projects (CTPIS) before their final approval by the National Investment Commission.
At the sectoral level, 4 of the 6 projects granted strategic status relate to the electric vehicle ecosystem, particularly the battery sector.
HA/lb/abj/APA