Morocco-China: The effectiveness of the investment promotion policy in Morocco.

HIBAPRESS-RABAT

To better manage its economic strategy that could convince foreign investors and highlight Moroccan creativity, even sometimes in the face of large nations such as China, it is essential for the Kingdom to define at its fair value the effectiveness of the investment promotion policy.

Therefore, and in order to align its position with China, the strengths and limitations of Morocco’s existing investment institutions are analyzed, and a review of the status of the Investment Directorate and its activities is conducted. Following these analyses, an investment promotion strategy adapted to the country’s context is proposed.

The creation of an investment promotion agency (API) is also proposed, for which an organizational model is recommended. This new API should benefit from private funds, but be placed under the authority of the minister responsible for investment: on the one hand, this would guarantee operational autonomy for the Agency and, on the other hand, it would provide security for investors whose needs will attract attention at the highest political level, i.e. the Moroccan State.

An action plan for innovation and the development of FDI is proposed. It then analyses the links between the different actors of the Moroccan national innovation system. Finally, it identifies and evaluates the impact of FDI on the development of R&D activities in Morocco.

The four major objectives that the Moroccan Government is aiming for:

Continue the modernization of the regulatory framework Strengthen the institutional framework Develop a proactive investment strategy Strengthen the national innovation system