The Head of Government, Aziz Akhannouch, chaired, Thursday, July 20, 2023 in Rabat, the 2nd National Investment Commission, set up by the new Investment Charter, which examined 17 draft agreements and 2 amendments to agreements.
The 19 projects studied, whether under the main support scheme or the specific scheme for projects of a strategic nature, all carried by private companies, were approved for a total amount of 31.5 billion Dirhams allowing the creation of 11,742 jobs direct and 9,280 indirect.
This 2nd National Investment Commission reflects exceptional results following the adoption of the new Investment Charter, in accordance with the High Guidelines of His Majesty the King, may God assist him and confirm the growth dynamic of private investment in the Kingdom.
The projects approved during this commission are dominated by the electric mobility sector with 22.5 billion dirhams, or nearly 71% of the investments committed, followed by the mining sector with 13% of the planned investments and the automobile with 10%.
In terms of jobs, the electric mobility sector is the main job provider. The projects in this sector provide for the creation of 4,458 direct jobs, i.e. more than 38% of the jobs to be created, while the projects planned in the aquaculture, agri-food and automobile sectors represent respectively 17%, 11% and 9% of the projected jobs.
In addition, in application of the new prerogatives of the National Investment Commission and in application of the provisions of the implementing decree relating to the specific support mechanism for projects of a strategic nature, the Commission examined and attributed the strategic nature to 4 investment projects corresponding to an investment potential of 113.8 billion Dirhams, which should allow the creation of 15,720 direct jobs and 99,000 indirect jobs. These projects will be examined by the Technical Committee for Strategic Investment Projects (CTPIS), before their final approval by the National Investment Commission.
At the sectoral level, the 4 projects for which the strategic nature was granted relate to the ecosystem of the electric vehicle, and in particular the battery.
During the meeting, the Head of Government noted that this 2nd National Commission on Investments, held less than two months after the first Commission, comes at a particular time, marked by the important dynamics experienced by the Kingdom in terms of development of investments and consecration of the attractiveness of the national economy, in line with the High Royal Guidelines, as well as by the continued implementation of government policy in this area.
The Head of Government stressed in this regard that the approved projects are consistent with the country’s general guidelines in terms of energy efficiency and the promotion of sustainable transport, adding that the government is working to consolidate the Kingdom’s position in terms of the economy and renewable energies.