During a session at the House of Councillors yesterday, Mr. Karim Zidan, Minister Delegate to the Head of Government in charge of Investment, Convergence, and Evaluation of Public Policies, highlighted Morocco’s ongoing efforts to solidify its status as a preferred destination for competitive global investments. He attributed this success to the country’s political and economic stability, as well as its state-of-the-art infrastructure built to international standards.
The minister emphasized that Morocco benefits from free trade agreements with numerous countries, providing investors with access to a vast consumer market of over 2.5 billion people. He also praised the country’s highly skilled workforce and its leadership in energy transition, positioning it as a regional and global pioneer in this field.
Mr. Zidan pointed out Morocco’s exceptional capacity to implement investment projects swiftly and efficiently, giving it a notable competitive edge on the international stage, even when compared to some European nations. He underscored that this advantage should be leveraged to achieve an unprecedented investment boom in the future.
The minister shed light on the new Investment Charter, describing it as a robust incentive framework offering generous support schemes, with incentives reaching up to 30% of the total investment value. He further noted that foreign direct investments (FDI) witnessed remarkable growth in 2024, reaching a value of MAD 39.6 billion by the end of November—a 30% increase compared to the same period in 2023.
Mr. Zidan highlighted the government’s focus on improving the business environment through close coordination with the National Committee for Business Climate. The ministry is implementing a strategic roadmap aimed at simplifying and improving investment procedures. Future efforts will concentrate on developing a comprehensive plan to streamline processes, raise awareness about ongoing reforms, and enhance communication channels.
In conclusion, the minister reiterated Morocco’s commitment to sustainable development and strengthening its position as a global investment hub. He reaffirmed the government’s dedication to advancing economic reforms under the guidance of the royal directives, aiming to achieve the country’s developmental goals and boost its competitiveness on the international stage.
source : fesnews media