The Regional Unified Investment Committee for the Tanger-Tétouan-Al Hoceima region reviewed 696 investment projects during the first nine months of this year. Of these, 618 projects were approved, representing an approval rate of 88%.
Data from the Regional Investment Center of Tanger-Tétouan-Al Hoceima reveals that the approved projects, processed in an average of 4.13 days, amount to a total investment of 69 billion dirhams. These projects are expected to create 60,000 long-term jobs, furthering the center’s commitment to economic and social development.
The Tanger-Tétouan-Al Hoceima region ranks second nationally in terms of new business creations, with a total of 9,881 new companies established between January and the end of August, averaging 1.55 days to complete company registration procedures, according to the Regional Investment Center.
The commercial sector leads in new business creation, holding a 41% share, followed by services (14.99%), construction and public works, as well as real estate activities (14.6%), transport (8.88%), industries (7.34%), hospitality and restaurants (5.43%), information technology (2%), financial activities (1.68%), and agriculture and fishing (0.6%).
Additionally, the Regional Investment Committee approved 75 projects under investment agreements, with a financial envelope of 10 billion dirhams by the end of September, which will create 12,000 permanent jobs and over 48 indirect jobs, while also aiding in resolving 148 reconciliation cases.
In terms of investment value, projects approved under investment agreements are distributed across industry (41.34%), tourism (26.67%), food industries (20%), various services (9.33%), and education, training, and public works (1.33% each).
The first nine months of the year also saw the organization of 108 training sessions as part of the « Tanger Investment Academy » program, benefiting 3,853 project holders throughout the region.
