Morocco’s government has announced that the comprehensive reform of its investment system, initiated under the new Investment Charter, is poised to create more than 200,000 new jobs nationwide.
The Charter, adopted to boost private investment and accelerate economic transformation, is showing optimistic initial results one year after its implementation.
During an oral question session at the House of Representatives, Karim Zidane, Minister Delegate for Investment, Convergence, and Public Policy Evaluation, revealed the encouraging figures. He stated that the implementation of the new Investment Charter has already led to the approval of 250 major projects with a total value of MAD 414 billion, which are expected to generate approximately 179,000 jobs.
Furthermore, Minister Zidane noted that the Unified Regional Investment Commissions have approved an additional 179 projects, representing MAD 7 billion in investment and creating nearly 18,800 jobs. These figures collectively bring the total number of anticipated job creations to approximately 200,000.
The Minister also outlined a specific employment roadmap backed by a MAD 15 billion budget. This funding is dedicated to supporting integrated programs designed to boost investment, particularly for Very Small, Small, and Medium-sized Enterprises (VSEs and SMEs).
Zidane emphasized the central role of SMEs in national economic development, calling them “a real engine for creating added value and jobs in all regions.” He concluded that the new support system aims to strengthen job creation while consolidating the capacities of the Moroccan entrepreneurial network.
AK/Sf/fss/abj/APA