Morocco Strengthens Investment with New Strategic Projects

Prime Minister Aziz Akhannouch chaired the seventh session of the National Investment Committee on Wednesday, January 29, 2025, in Rabat. This committee was established under the new Investment Charter, which came into effect in March 2023 following directives from His Majesty King Mohammed VI.

Since the beginning of the current governmental term, the National Investment Committee has held 14 sessions, both in its previous and current versions. In this seventh session, the committee approved 15 project agreements, along with two annexes to existing agreements, as part of the basic investment support system outlined in the new charter.

The total value of the 17 approved projects is estimated at approximately 4.3 billion dirhams, expected to create over 5,500 jobs, including 3,900 direct and 1,600 indirect jobs. The approved projects span 14 provinces across seven regions of the kingdom, with a focus on areas such as Beni Mellal, Guelmim, and Tan-Tan.

These projects cover seven key sectors: tourism, renewable energy, agri-food industry, automotive industry, packaging industry, lighting products manufacturing, and business process outsourcing (BPO).

Tourism stands out as the leading sector in job creation, expected to generate 42% of the total employment opportunities, followed by the automotive sector (24%), agri-food industry (13%), and BPO (8%). Additionally, the committee approved three strategic investment projects in textiles and leather, metallurgy and mining, and transportation, primarily in the Tangier-Tetouan-Al Hoceima and Rabat-Salé-Kénitra regions. These projects, with an estimated investment value of 13 billion dirhams, aim to create around 21,500 direct and indirect jobs.

During the meeting, Prime Minister Akhannouch emphasized Morocco’s ongoing investment momentum across various sectors nationwide, thanks to the new Investment Charter inspired by the vision of King Mohammed VI. He highlighted the positive investment climate in the country and the impact of government programs, particularly in the tourism sector, which has seen significant growth due to the national tourism roadmap.

The meeting was attended by several key government officials, including Finance Minister Nadia Fettah, Infrastructure Minister Nizar Baraka, National Education Minister Mohamed Saad Berrada, and other cabinet members overseeing industry, agriculture, employment, and investment affairs.