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Ryad Mezzour: strengthen industrial sovereignty, improve competitiveness and reduce the trade balance deficit

Ryad Mezzour: renforcer la souveraineté industrielle, améliorer la compétitivité et réduire le déficit de la balance commerciale
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This article was automatically translated from HIBAPRESS, the Arabic version:

Hibapress-Raba-Mic

The Minister of Industry and Trade, Ryad Mezzour, said, in the House of Representatives, that 1,839 projects of a total investment of 124.9 billion dirhams (MMDH) were selected until June 10, 2025, as part of the efforts made to strengthen national industrial sovereignty.

In an answer to an oral question, read on his behalf by the Secretary of State responsible for Foreign Trade, Omar Hejira, Mr. Mezzour indicated that these projects, which should generate 179,825 jobs, aim to strengthen the local production of goods and products that can be manufactured in Morocco, in substitute for imports.

In addition, he pointed out that under the enlightened leadership of SM The King Mohammed VI, the industrial sector has acquired a major added value, in particular thanks to the various industrial plans implemented over the past two decades, adding that this dynamic has been consolidated after the Covid pandemic, through the adoption of a new strategy aimed at positioning Morocco as a decarbon industrial platform, to strengthen its industrial sovereignty Its competitiveness and to reduce the deficit of its trade balance.

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