Marruecos quiere fomentar la economía a través de proyectos del sector privado y público

The Moroccan government continues its efforts to improve the country's economy after the various ravages brought by the coronavirus pandemic and the current global situation. The Ministerial Commission met in an event where 15 investment projects have been approved, so the Executive has decided to inject 10.8 billion dirhams to these plans as a way to stimulate the economy. 

Initially, 17 investment-related projects were under review, but in the end, the committee decided to approve 15 of them. These are a series of ideas that have been carried out by both the private and public sectors. According to data from the Moroccan government, thanks to this stimulation of the economy, around 2,907 direct and indirect jobs could be created in the Kingdom, which would improve the unemployment situation in the area.

The sectors have presented these projects, most of which are in the telecommunications industry. The government therefore decided to allocate 5.7 billion dirhams to those related to this sector, which is almost 53% of the total planned amount of the entire grant. In second place, the projects behind telecommunications are those developed for the industry sector. These, in total, amount to nearly 3.2 billion dirhams. 

For its part, the Moroccan state news agency, MAP News, claims that the projects are of a national and mixed capital nature. They will represent the largest part of the planned investments of national money, with almost 9.2 billion dirhams. 

This ministerial commission was attended by 13 ministers from the Moroccan executive, in addition to Aziz Akhannouch, Morocco's Prime Minister. After the meeting, the leader made it clear to the press that investment in the Kingdom is very important and stressed that it must be promoted as the main axis of the Alawi kingdom's economic recovery, as well as the job creation that can be generated by the attraction of international investment.

In a communiqué, Akhannouch also said that his government is committed to implementing the structural reforms necessary to continue boosting the national economy. Part of his plan is to encourage foreign and domestic investment in all regions of the country in order to create jobs to solve the problem of unemployment. He is therefore committed to following King Mohammed VI's instructions in order to begin to consolidate this new strategy.

It should be remembered that Morocco is classified as one of the best places to make any kind of investment. The country offers a series of conditions and tax and fiscal advantages to international companies so that they can set up in the country and expand rapidly. Thanks to this, many renowned firms have managed to enter the African market and reap great economic benefits. 

As part of his programme, the Moroccan Prime Minister also called for the importance and effectiveness of the meetings of this ministerial combination. In his own words, it is thanks to these meetings that important projects are processed that solve many of the problems plaguing the region and that provide a clear boost to the economy. For Akhannouch, holding these meetings is of vital importance and he assures that more will be held at a fairly regular pace. 

Akhannouch stresses that, since the beginning of his term of office, five such meetings have already been held, and thanks to them, some 46 draft agreements and amendments have been approved. These have been injected with an amount of more than 33.4 billion dirhams, which, in turn, have led to the creation of 5,816 direct jobs and 8,475 indirect jobs.

The High Commissioner for the Plan (HCP) notes in its latest data that Morocco has an unemployment rate of 11.9%. This is a very worrying figure, as unemployment has risen by 2.7 points since 2019, the year before the pandemic.