The investment projects approved by Morocco will create 500,000 jobs by 2026
Karim Zidane, Moroccan Minister of Investment, Convergence and Public Policy Evaluation, announced before the Chamber of Councillors that, since the adoption of the new Investment Charter in 2023, a total of 171 projects have been approved, of which 53 will be financed by foreign investment from 18 countries. The total of these investments represents a capital injection of more than 9.4 billion euros.
For the period 2023-2026 (the year in which the reform of the Investment Charter is planned), the objective is to mobilise more than 550 billion dirhams in private investment, which will lead to the creation of up to 500,000 new jobs.
‘In six sessions, the National Investment Commission approved 48 projects benefiting from this grant, 32% of which concern prefectures and provinces outside the Tangier-El Jadida axis, thus covering 44 prefectures and provinces across the country,’ said Zidane.
The minister recalled that these investments are part of the strategic roadmap aimed at improving the business climate. He also highlighted the government's action plan to promote investment, which focuses on mobilising private, national, foreign, and Moroccan investment throughout the world.
The Moroccan Agency for the Development of Investment and Exports (AMDIE) and the regional investment centres (CRI) will be mobilised to support and guide investors in all prefectures and provinces of Morocco.
New Investment Charter
Through a partial reform of the new Investment Charter, the state's investment policy, both domestic and foreign, will gain new benefits such as increased bureaucratic facilities, reduced tax rates and greater access to state funding. To achieve these objectives, the ministry confirmed that a specific platform is being developed.
The minister stressed the importance of strengthening the Regional Councils in this process, and the promotion of Moroccan investments worldwide. In addition, a unified and decentralised governance will be created for projects of less than 25 million euros, following the new rules. The aim is also to consolidate reception, guidance, and support structures at the national and regional levels.
Karim Zidane announced that the government will make it easier for Moroccan and foreign entrepreneurs to participate in international tours that will lead to better trade exchanges; greater investment opportunities that will raise awareness of the Moroccan offer; and create better economic ecosystems, especially in the market for sustainable and electric mobility.
International investment
With the participation of more than 18 countries, including China, the United States, France, India, Spain and France, Morocco is the African country with the largest number of investors, a success that, without the approval of the tax facilities that are part of the new Investment Charter, would not have been possible.
As a measure to support Moroccan investors abroad, the Ministry has developed a special monitoring unit to ensure that business leaders are accompanied by the state in their investments and business dealings. To enhance and promote the investment potential of all regions, the Ministry is also committed to creating appropriate channels and identifying promising sectors.
Based on the reports issued by his team, Karim Zidane said that 48 of the 171 initiatives were approved before the end of 2024. As an example of this, the minister, on his last trip, met with the vice-president of the Chinese BTR New Material Group, a world leader in the manufacture of materials for electric batteries. Following the meeting, it was agreed that more than 1,100 jobs and investments of more than 600 million euros would be created by 2026.
