Morocco Approves $1.7 Billion in Investments, Creating 27,000 Jobs


Rabat: Morocco’s National Investment Commission has approved $1.7 billion (MAD 17.3 billion) in 20 investment projects, expected to generate 27,000 jobs, Minister Delegate for Investment Karim Zidane announced Wednesday. The projects are distributed under two investment schemes: the basic support system, which accounts for MAD 4.3 billion and is expected to create 5,500 jobs, and the strategic support system, which may reach up to MAD 13 billion, creating 21,500 jobs. These projects will span 14 provinces across seven regions.



According to Agence Marocaine De Presse, the investments target seven key sectors, including tourism, renewable energy, agri-food, automotive, packaging, lighting, textiles, metallurgy, and telecoms. These sectors have been identified as pivotal for Morocco’s economic growth and development.



Minister Zidane emphasized the significance of these investments, stating, “These projects highlight Morocco’s growing appeal as an investment hub.” The commission’s meeting was chaired by Prime Minister Aziz Akhannouch, who reiterated the Kingdom’s commitment to enhancing its business climate and attracting foreign capital.