Speaking at the House of Representatives (lower house), the Minister Delegate explained that this important rate has contributed to the achievement of a qualitative leap in infrastructure, including highway networks, the Moroccan high-speed rail, and the Tangier-Med port.
He stressed in this regard that these changes have helped attract more foreign direct investments and have contributed to the creation of a national industrial structure in important areas such as the aerospace sector and the automotive industry.
In spite of this, the private sector contributes by only one third of the total of these investments, Jazouli explained, specifying that achieving an economic takeoff that is able to create jobs in the country requires the implementation of a new strategy.
This strategy must first aim to reverse the current distribution between public and private investment and to stimulate private investment to reach two thirds of total investment on average by 2035, as stipulated in the new development model.
On the other hand, the minister said that Morocco has made, over the past 20 years, several achievements in improving the business climate under the enlightened leadership of HM King Mohammed VI, "which have helped make Morocco a globally recognized investment destination."
In order to achieve more progress in this area, the Minister also highlighted the need to address several challenges. These include real estate, administrative procedures, energy costs, human capital, financing, infrastructure, logistics and transport among others, "or global issues in which many elements are involved," he said.