This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from HIBAPRESS, the Arabic version:
Heba Press – Ahmed Al-Musaed
During the thirteenth meeting of the Administrative Council of the Eastern Region Regional Investment Center at the State Headquarters, Governor of the Eastern Region Al-Khatib Al-Habil gave data on the reality of the region’s attractiveness in terms of investments and its impact. on reducing unemployment rates and the constraints faced by investors using statistics.
During his speech, he stressed that the Kingdom’s overall reform vision, aimed at accelerating economic recovery, strengthening the efficiency of institutions and building a competitive economy that supports investment and private initiatives, requires efforts combined efforts of all stakeholders to achieve development and create jobs. opportunities.
The governor of the region added that during the year 2024, 179 projects were approved, with an estimated investment cost of 22.45 billion dirhams, which will lead to the creation of 21,475 jobs, which represents 48 % of the total project files that were submitted during the year. this period via the CRI-INVEST digital platform, which has a total of 372 files; In other words, 52% of these files did not meet the necessary conditions to obtain approval.
He also added that this is explained by several reasons, most of which are due to the lack of knowledge by project leaders of all the procedures and documents necessary for the preparation and submission of their investment files. This requires taking, in coordination with architects and design offices, all necessary measures to simplify and facilitate the task of investors in order to enable them to prepare investment files with the required accuracy and preparation, and to deposit them correctly.
Furthermore, adds Al-Khatib Al-Habil, the number of projects that have been completed and started effective operation did not exceed 58 projects, or 33% of the total projects. Here, it was necessary to call for global mobilization and unconditional commitment from all. the stakeholders concerned, in order to combine their efforts to find solutions to overcome the constraints that limit… Complete the approved projects and start their effective operation.
The governor of the eastern region stressed that the volume of investments remains below the level of capacities capable of creating a sufficient number of jobs to meet the growing demand for employment opportunities, especially for graduates in this region.
Further efforts must also be made to promote and introduce the qualifications and investment opportunities offered by the region, in order to attract foreign investment, which continues to play a major role in providing employment opportunities, bringing capital and technology and transferring knowledge. in addition to helping local businesses integrate into global value chains and advancing regional economic growth in general.
On this occasion, the governor of the region calls on the acting director general of the Regional Investment Center of the Eastern region to ensure coordination and harmony between the provisional program of works of the Regional Investment Center for the year 2025 and the regional plan. development programs, taking into account the objectives of the new investment charter. These trends must be translated into clear development objectives that include all the necessary projects and measures at the short, medium and long term levels, so as to help stimulate investment and crystallize an integrated territorial offer that meets the needs and needs of requirements of the territory. region, in line with the strategic objectives of the advanced regionalization path.
He also called on Council members to intensify their efforts to ensure the success of this important phase of development in the eastern region. I emphasize the importance of involving the Regional Investment Center in the development and implementation of economic plans, particularly those related to financial aid and incentives intended to support investors and businesses and encourage initiatives of young entrepreneurs.
Thus, the Eastern Regional Investment Center has limited the forecast budget for the year 2025 to 33 million dirhams, distributed as follows:
– Operating expenses: 23 million dirhams (69.69%)
– Investment expenditure: 10 million dirhams (30.30%)
Concerning the work program planned for the year 2025.
The Regional Investment Center has also developed an action plan based on several axes linked to a set of measures, aimed in particular at strengthening the structures of the center, stimulating entrepreneurship, sustainably supporting the pace of VSEs, small and medium-sized enterprises , manage support funds, improve the business climate and digitize the services provided to investors and entrepreneurs, in addition to the revitalization, promotion, territorial intelligence and development of the regional territorial offer.
