Prime Minister Akhannouch Highlights Investment Promotion as Key Driver for Sustainable Development

During the monthly oral question session held on Monday, December 16, at the House of Representatives, Prime Minister Aziz Akhannouch delivered a significant address emphasizing the importance of stimulating investment as a cornerstone for achieving sustainable economic and social development in Morocco, in alignment with the Royal Vision.

The Prime Minister underscored that the current government term coincides with a pivotal developmental phase in Morocco’s history, driven by King Mohammed VI’s strategic vision to build a strong, high-value economy. He highlighted the government’s commitment to improving the business climate through structural and legislative reforms aimed at facilitating investments and creating new opportunities. Akhannouch pointed to the “New Investment Charter” as a key milestone, designed to boost domestic and international investments by offering incentives and guarantees.

In his remarks, the Prime Minister noted that government efforts extended beyond private investment stimulation to include strengthening public investment, despite global financial challenges caused by the COVID-19 pandemic. He revealed that public investment increased from MAD 230 billion in 2021 to MAD 335 billion in 2024, with projections to reach MAD 340 billion in the 2025 Finance Bill. This, he said, demonstrates the government’s unwavering commitment to supporting strategic sectors to meet development goals.

Akhannouch detailed the government’s support for major sectoral strategies as part of its developmental plan. Key sectors witnessed notable budget increases, including agriculture, where the budget rose from MAD 15.3 billion in 2021 to MAD 20 billion projected in 2025, in line with the “Green Generation Strategy.” The tourism sector also saw its budget double from MAD 1.3 billion in 2021 to MAD 2.6 billion in 2025, reinforcing its role as a vital economic pillar. Additionally, significant progress was made in digitalization and technology, with the budget soaring from MAD 91 million in 2021 to MAD 2 billion in 2024, and aspirations to exceed MAD 5 billion by 2025 under the “Digital Morocco” initiative.

The Prime Minister concluded his address by reaffirming the government’s resolve to strengthen the competitiveness of the national economy and develop infrastructure that balances economic growth with citizens’ needs. He stressed the importance of public-private partnerships as a driving force to achieve Morocco’s 2030 development goals.

source : fesnews media

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