Hibapress
The Minister Delegate to the Head of Government, in charge of Investment, Convergence and Evaluation of Public Policies, Mohcine Jazouli, announced Monday to the House of Representatives that nearly 200 billion dirhams (MMDH) of private investments have been mobilized during the years 2022 and 2023.
Responding to an oral question from the National Rally of Independents group on “the assessment of private investments mobilized during the period 2022-2024”, Mr. Jazouli explained that these estimates are based on the monthly reports of the Ministry of Economy and Finance, as well as on official data published each year in June by the High Commission for Planning concerning gross fixed capital formation.
And to continue that the ministry relied on these figures, while waiting for the development of the “National Investment Observatory”, in partnership with organizations and institutions producing statistics on investment and the business climate, as a mechanism to provide indicators allowing the monitoring of the national strategy for the development of private investments.
In this regard, he stressed that achieving the clear objectives set by King Mohammed VI in terms of investment during the period from 2022 to 2026 constitutes a “priority for the government”.
The minister noted that these estimates mean that “we are in line with the objectives set in terms of investment, especially since the indicators for the year 2024 and the years to come are very positive.” Thanks to the new investment charter, the National Investment Commission approved, during 5 meetings, projects worth 173 billion dirhams, which will create around 100,000 jobs, he said, adding that 82% of these projects have started construction work, and that “the situation of foreign direct investments improved at the beginning of 2024, reaching record levels.”
In his response to another question from the Progress and Socialism group on “achieving complementarity between public and private investment,” the minister indicated that Morocco is banking on productive investment to strengthen the role of the private sector, in order to build a strong economy. He noted that public investments are necessary to stimulate private investments, particularly in the areas of infrastructure and energy, in order to improve the competitiveness and attractiveness of all regions in terms of investments.
In the same vein, he pointed out that the ministry has developed a national strategy for the development of private investments by 2026, taking into account the regional and sectoral dimensions, based on a collaborative approach involving all stakeholders in the public and private sectors, both at the central and regional levels, in order to mobilize them around common objectives in the field of private investment and to ensure consistency with planned public investments.
