The National Investment Committee approves projects worth 12.8 billion dirhams and 17,600 new jobs for the Fes Meknes region

Rabat, June 4, 2024: Mr. Aziz Akhannouch, Head of Government, chaired today, Tuesday, June 4, 2024, in Rabat, the 5th National Investment Commission instituted by the new Investment Charter, operational since March 2023, in accordance with the High Guidelines of His Majesty King Mohammed VI, may God protect him.

The National Investment Commission No. 5 approved 22 draft agreements and 5 amendments to agreements under the main mechanism established by the new investment charter. The 27 approved projects represent a total amount of nearly 7.7 billion Dirhams, creating nearly 7,000 jobs, including 5,300 direct and 1,700 indirect jobs.

The Commission No. 5 also approved the investment agreement for a strategic project in the electric mobility sector in the Rabat-Salé-Kénitra region, for an amount of 12.8 billion Dirhams and creating 17,600 direct and indirect jobs.

As for the main mechanism, the amount of investment approved during this commission is 89% by Moroccan companies. In addition, 19 provinces and prefectures are concerned by these projects, in 7 regions of the Kingdom.

The main sector concerned is chemistry/petrochemistry with 56% of the total amount approved, followed by tourism with 22%, as well as the automotive and construction sectors with 7% and 6% respectively. The other sectors concerned are agri-food 4% and health, aquaculture, textiles, aeronautics and biotechnologies with 1% each.

In addition, the automotive sector is the main job provider for the projects approved during this NIC under the main mechanism with 30% of the total, followed by the tourism sector at 21% and the textile sector at 16%.

During the meeting, the Head of Government recalled that “supporting private investment and creating jobs are a priority for the government, stressing that all stakeholders remain mobilized to sustain the momentum initiated since the implementation of the new investment charter, in accordance with the High Royal Directives.”

This 5th commission, the third to be held during the year 2024, confirms the dynamism of private investment in the Kingdom and demonstrates the positive impacts of the new Charter.

The meeting was attended by Mr. Nizar Baraka, Minister of Equipment and Water, Mrs. Fatima Zahra El Mansouri, Minister of National Planning, Urban Planning, Housing and Urban Policy, Mr. Younes Sekkouri, Minister of Economic Inclusion, Small Enterprises, Employment and Skills, Mr. Ryad Mezzour, Minister of Industry and Trade, Mrs. Fatima Zahra Ammor, Minister of Tourism, Handicrafts, Social Economy and Solidarity, Mr. Abdellatif Miraoui, Minister of Higher Education, Scientific Research and Innovation, Mrs. Leila Benali, Minister of Energy Transition and Sustainable Development, Mr. Mohcine Jazouli, Minister Delegate to the Head of Government in charge of Investment, Convergence and Evaluation of Public Policies, Mr. Faouzi Lekjaa, Minister Delegate to the Minister of Economy and Finance, in charge of the Budget, and Mr. Ali Seddiki, Director General of the Moroccan Agency for Investment Development and Exports (AMDIE).

About محمد الفاسي