Head of Government Aziz Akhannouch chaired, Tuesday, June 4, in Rabat, the fifth meeting of the National Investment Commission, as directed by King Mohammed VI. This marks the third meeting held in 2024 and follows the implementation of the new Investment Charter since March 2023. The Charter aims to strengthen support for private investment and job creation. At this session, 27 projects were approved under the main scheme, representing a total investment of nearly 7.7 billion dirhams. Notably, 89% of these investments were carried by Moroccan companies. This investment is expected to generate some 7,000 jobs, including 5,300 direct and 1,700 indirect positions. In addition, a strategic project in the electric mobility sector was approved, with an investment of 12.8 billion dirhams, creating 17,600 direct and indirect jobs. These investments concern 19 provinces and prefectures spread over 7 regions of the country. The breakdown of investments reveals that Moroccan companies account for 89% of the projects approved under the main scheme. The sectors benefiting most are chemicals/parachemicals (56%) and tourism (22%), followed by automotive (7%) and building materials (6%). Other sectors, such as agrifood, healthcare, aquaculture, textiles, aeronautics and biotechnologies, each received 1% of investments. The automotive sector stands out as the main job creator among the projects approved by this National Investment Commission, accounting for 30% of the total. Tourism comes second with 21%, followed by the textile sector, which contributes 16%. Several ministers and government officials participated in the meeting, including Ryad Mezzour, Minister of Industry and Trade, Fatima Zahra Ammor, Minister of Tourism, Handicrafts, Social Economy and Solidarity, Abdellatif Miraoui, Minister of Higher Education, Scientific Research and Innovation, Leila Benali, Minister of Energy Transition and Sustainable Development, Mohcine Jazouli, Minister Delegate to the Head of Government in charge of Investment, Convergence and the Evaluation of Public Policies, Fouzi Lekjaa, Minister Delegate to the Minister of the Economy and Finance, in charge of the Budget, and Ali Seddiki, Director General of the Moroccan Investment and Export Development Agency (AMDIE).
