5th National Investment Commission: 27 projects approved for nearly MAD 7.7 billion

Hibapress

The 5th National Investment Commission (CNI), meeting Tuesday in Rabat under the chairmanship of Head of Government Aziz Akhannouch, approved 22 draft agreements and 5 amendments to agreements for a total amount of nearly 7.7 billion dirhams (MMDH), as part of the main system established by the new Investment Charter.

The 27 approved projects will allow the creation of nearly 7,000 jobs, including 5,300 direct and 1,700 indirect, specifies a press release from the Department of the Head of Government.

Commission No. 5 also approved the investment agreement for a strategic project in the electric mobility sector, in the Rabat-Salé-Kénitra region, for an amount of MAD 12.8 billion and allowing the creation 17,600 direct and indirect jobs.

Regarding the main system, the investment amount approved during this commission is increased to 89% by Moroccan companies. In addition, 19 provinces and prefectures are affected by these projects, in 7 regions of the Kingdom. The main sector concerned is chemicals/parachemistry with 56% of the total amount approved, followed by tourism with 22% as well as the automotive sectors with 7% and construction materials with 6%. The other sectors concerned are agri-food with 4% and health, aquaculture, textiles, aeronautics and biotechnology with 1% each.

Furthermore, the automobile sector is the main provider of jobs for the projects approved during this CNI as part of the main system with 30% of the total, followed by tourism at 21% and textiles at 16%. %.

During the meeting, the Head of Government, quoted by the press release, recalled that “support for private investment and job creation constitute a priority of the government”, stressing that “all the actors concerned remain mobilized to perpetuate the dynamic initiated since the establishment of the new investment charter, in accordance with high royal directives. This 5th commission, the third to be held during the year 2024, confirms the dynamics of private investment in the Kingdom and demonstrates the positive impacts of the new Charter.

This meeting was attended by the Minister of Equipment and Water, Nizar Baraka, the Minister of National Territorial Planning, Urban Planning, Housing and Urban Policy, Fatima Ezzahra. El Mansouri, the Minister of Economic Inclusion, Small Business, Employment and Skills, Younes Sekkouri, the Minister of Industry and Trade, Ryad Mezzour, the Minister of Tourism, Crafts and of the Social and Solidarity Economy, Fatim-Zahra Ammor, the Minister of Higher Education, Scientific Research and Innovation, Abdellatif Miraoui, the Minister of Energy Transition and Sustainable Development, Leila Benali, the Minister delegate to the Head of Government in charge of Investment, Convergence and Evaluation of public policies, Mohcine Jazouli, the Minister Delegate to the Minister of Economy and Finance, in charge of the Budget, Fouzi Lekjaa and the Director General of the Moroccan Agency for Investment and Export Development (AMDIE), Ali Seddiki.

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