HIBAPRESS – Rabat
The Head of Government, Aziz Akhannouch, confirmed that the government he leads has been able, thanks to the high royal will, to broaden the horizons of the national approach towards investment, by conducting a deep review of the national investment system, which enabled the strengthening of its competitive capabilities and raising the attractiveness of the Moroccan economy.
Akhannouch explained, in his speech during the monthly question session held today, Monday, in the House of Representatives, and dedicated to the topic "Mechanisms for Promoting Small and Medium-Sized Entrepreneurial Fabric", that this workshop gave advanced momentum to investment issues, enabling them to play their pioneering role in wealth creation, and providing the conditions for sustainable and inclusive human development. The Head of Government added that this approach is based on establishing a responsible and effective partnership between the public and private sectors, making the Kingdom a reliable base for investment and a distinguished continental pole, and a rising destination for attracting foreign direct investments, which are capable of creating high added value and strengthening the national economic fabric. Akhannouch pointed out that the government was keen to enshrine the tangible effects of the new Investment Charter and embody its contents on the ground, highlighting that this charter, with its high operational capacity and unprecedented added value, formed a real tool to stimulate the entrances of social justice, and raise the challenge of reducing spatial disparities, in addition to strengthening territorial balance in the distribution of the benefits and fruits of investment. The Head of Government noted that these reforms have enabled the injection of strong dynamics and positive momentum in the path of investment recovery, revealing that the National Investment Committee held nine meetings since the charter came into effect in March 2023, during which 250 investment projects were approved, with a total value of 414 billion dirhams, which are expected to contribute to the creation of about 179 thousand direct and indirect job opportunities. Akhannouch added that this positive outcome concerned the various regions of the Kingdom, where it included 49 provinces and prefectures, and 34 diverse economic sectors, especially in the fields of tourism, food industry, automotive industry, textiles, energy, and pharmaceuticals, stressing that the government is continuing to strengthen the investment climate and make economic development a basic lever for employment and spatial justice.
