The 6th National Investment Commission approved 52 projects, including 48 agreements and 4 amendments, under the new Investment Charter, which has been operational since March 2023.
These projects represent nearly 113 billion MAD, with 24 billion MAD in private investments, and are expected to create around 18,000 jobs, including 10,000 direct jobs and 8,000 indirect jobs.
Among the approved projects, 4 strategic initiatives were approved in electric mobility, renewable energy, and seawater desalination.
These projects, totaling 21 billion MAD, will generate approximately 10,000 direct and indirect jobs in Guelmim-Oued Noun, Tangier-Tétouan-Al Hoceima, and Casablanca-Settat regions.
Additionally, 3 more projects, worth 14 billion MAD, were reviewed for strategic designation, which will create nearly 38,000 jobs in the textile, electric mobility, and telecommunications sectors.
These investments will benefit 32 provinces and prefectures across all 12 regions of Morocco, including Fès, Meknès, Ifrane, M’diq-Fnideq, Larache, Boujdour, Khouribga, Essaouira, Safi, Taroudant, Errachidia, Nador, Oued Ed-Dahab, and El Haouz.
The projects span 19 sectors, including telecommunications, renewable energy, tourism, construction materials, electrical industry, railways, healthcare, agribusiness, logistics, chemicals, textiles, automotive, plastics, and outsourcing.
Tourism is the leading sector for job creation, accounting for 19% of the total jobs, followed by construction materials (18%), healthcare (15%), and agribusiness (8%).
The government also announced plans to launch a new roadmap for employment, focused on implementing short- and medium-term measures to further accelerate job creation.
The Head of Government reaffirmed that private investment and job creation are top priorities for the government, and all stakeholders are committed to maintaining the momentum set by the new Investment Charter, in line with the High Directives of King Mohammed VI.
This 6th session of 2024, the fourth of the year, sets new records for investment and job creation, confirming the positive impact of the new Investment Charter on Morocco’s private investment landscape.
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