Morocco approves $1.7 billion in investments, creating 27,000 jobs
Morocco's National Investment Commission has given the green light to 20 investment projects totaling $1.7 billion (MAD 17.3 billion), with the potential to create 27,000 jobs, Minister Delegate for Investment Karim Zidane announced on Wednesday.
The approved projects are distributed under two investment schemes: the basic support system, which involves MAD 4.3 billion and is expected to create 5,500 jobs, and the strategic support system, which could reach up to MAD 13 billion and generate 21,500 jobs. These initiatives will span 14 provinces across seven regions.
The investments are set to boost seven key sectors: tourism, renewable energy, agri-food, automotive, packaging, lighting, textiles, metallurgy, and telecoms.
«These projects highlight Morocco's growing appeal as an investment hub», Zidane stated after the commission's meeting, which was chaired by Prime Minister Aziz Akhannouch.
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