Rabat: The new Investment Charter is a cornerstone of the current government’s reform agenda, according to Head of Government Aziz Akhannouch, who addressed the House of Representatives on Monday.

According to Agence Marocaine De Presse, Akhannouch highlighted that this legislative framework aligns with the High Royal Guidelines from HM King Mohammed VI’s speech at the legislative year’s opening session in October 2022. The government has been implementing a comprehensive strategy to boost investment by developing modern support models and fostering a transparent environment for investors. This strategy aims to stimulate the regional economy and prioritize key sectors.

Akhannouch emphasized that the Investment Charter is instrumental in promoting social justice and addressing spatial disparities by ensuring equitable distribution of investment benefits nationwide. Since its enactment in March 2023, the National Investment Commission has approved 250 projects worth MAD 414 billion, creating 179,000 direct and indirect jobs.

The Head of Government noted that these investments span 49 provinces and prefectures across 34 sectors, including tourism, agri-food, automotive, and textiles, as well as energy, pharmaceuticals, and transportation. The government supports these developments with a strategic roadmap to enhance the business climate, having launched 98% of its initiatives with a 63% completion rate, aiming for full completion by 2026.