Investment Commission Approves 34 Projects for 11.3 Billion Dirhams

17 February 2021 Printable Version

Rabat - The Investment Commission, convened on Wednesday under the chairmanship of Head of Government, Saad Dine El Otmani, approved 34 draft agreements and amendments for a global sum estimated at 11.3 billion dirhams. These investments are likely to generate 3,500 direct jobs and 5,819 indirect jobs.

The distribution of investments by sector shows that tourism and leisure comes first with MAD 3.29 billion of investments, i.e. more than 29% of the total investments approved by the Commission, then the transportation and infrastructure sector with MAD 2.47 Bln (22%), according to a statement by the Ministry of Industry, Trade, Green and Digital Economy.

The sector of Education and Higher Education comes third with MAD 2.27 billion (20%) followed by Renewable Energy and Saltwater Desalination with MAD 2 billion (18%) and the sector of industry with 1.25 billion (11%), the statement said.

The tourism and leisure sector ranks first in terms of employment with a total of 1,365 jobs, i.e. more than 39% of the total number of jobs to be created, followed by the industry sector with 1,217 jobs (35% of the total number to be created, then the education and higher education sector with 19% of jobs to be created (660), the same source stressed.

By region, Casablanca-Settat comes first in terms of projected investments with a share of 34% (MAD 3.84 billion), followed by the region of Rabat Salé Kenitra (MAD 3.39 billion).

The region of Dakhla-Oued Eddahab comes third with nearly 18% of projected investments (MAD 2 Bln) followed by the Tangier-Tetouan-Al Hoceima region (MAD 942 million).

With MAD 7.45 billion, projects financed with Moroccan funds represent the bulk of projected investments (nearly 66%). Morocco-France Joint ventures come second with investments amounting to 2 billion dirhams, i.e. 17%, followed by UAE investments with 1.44 billion dirhams, the ministry concluded.