These projects, all led by private companies, should enable the creation of more than 16,200 jobs, including 5,900 direct and 10,300 indirect jobs, says a press release from the Department of the Head of Government, recalling that this Commission was set up by the new Investment Charter, which confirms the dynamic of private investment in the Kingdom and demonstrates the positive impact of this charter, operational since March 2023, in accordance with the High Guidelines of His Majesty King Mohammed VI.
Nearly 60% of the investment approved by this commission was made by Moroccan companies, confirming that the new investment charter mainly benefits national companies, according to the same source.
The main sectors concerned are agri-food and tourism, which account for 35% and 25% respectively of the total amount approved, followed by waste processing (9%) and logistics (6%). Other sectors include medical devices, pharmaceuticals, energy, aquaculture, chemicals/para-chemicals, electronics, automotive industry, and textiles.
In terms of jobs created, the agri-food sector is the main provider of jobs in the projects approved at the level of this Commission, with the creation of more than 9,000 direct and indirect jobs, i.e. more than 56% of the total, followed by tourism (13%) and the pharmaceutical industry (8%).
During the meeting, the Head of Government stressed that supporting national private investment and creating jobs is a priority for the government, in accordance with the High Guidelines of HM King Mohammed VI. Akhannouch also pointed out that all the players involved remain mobilized to maintain the momentum observed, which is necessary for our country’s economic recovery.
