The Minister of Economy and Finance, Nadia Fettah Alaoui, called on Thursday in Marrakech to release private sector initiatives in terms of investment, with the aim of consolidating the recovery of the national economy.
“In this context marked by a marked reduction in budgetary leeway, it becomes more urgent than ever to free up private sector initiatives in terms of investment”said Nadia Fettah Alaoui who was speaking at the opening of a session of the Business Forum of the European Bank for Reconstruction and Development (EBRD), dedicated to investment prospects in Morocco.
It is also a question of federating the energies of the public sector in order to support the private sector in this phase which must free up the paths of the possible, added the Minister, noting that “the objective being of course to consolidate the revival of our economy and place it on a trajectory of sustained and sustainable growth”.
In Morocco, this awareness of the role of private investment is not new, noted Nadia Fettah Alaoui, adding that the public authorities have always given top priority to the promotion of private investment. as a lever for recovery and a pillar of our country’s economic and social development.
“Today Morocco has even decided to go further through the creation of the Mohammed VI Fund for Investment under the enlightened vision of His Majesty the King to give the necessary impetus and crystallize the efforts”she argued.
As such, the public authorities have worked, over the past two decades, in particular, to establish an attractive business environment that promotes the development of private investment, both national and foreign, noted the Minister, noting that significant efforts have thus been made to simplify administrative procedures related to investment, reform the financial sector, improve the quality of infrastructure and strengthen human capital.
“The priority given by our country to private investment was very recently reaffirmed by the New Development Model, which aims to double the relative share of private investment, to reach two-thirds of investments by 2035 »she argued.
And to emphasize that this objective, certainly ambitious but nevertheless achievable, will be carried, to a large extent, by the incentive framework that will be put in place by the new Investment Charter.
The importance of the efforts made to promote private investment reflects, de facto, the enormous investment potential offered by our country, both in traditional sectors such as tourism, textiles and agro-industry, than in emerging sectors with high added value, in particular energy, digital, aeronautics or the automobile, noted Nadia Fettah Alaoui.
For all these sectors, and many others, Morocco aims to position itself as a first-rate regional production and export platform, at the crossroads of Europe, Africa and the Middle East, he said. – she continued.
“More particularly, the geographical proximity and the density of economic and historical ties with Africa today make Morocco an obvious choice for any investor wishing to explore the economic potential of one of the growth poles. world’s most promising »she concluded.
Placed under the High Patronage of King Mohammed VI, the 31st General Assembly of the European Bank for Reconstruction and Development, continuing until May 12 in Marrakech, brings together representatives of the 73 countries and institutional shareholders of the Bank, including the Morocco.
The first physical gathering of the EBRD since Sarajevo in 2019, this event, under the theme “Addressing challenges in a turbulent world”, is an opportunity to discuss global challenges such as supporting economic growth, the fight against climate change and strengthening the business environment in the regions where the Bank invests.
In parallel with its general meeting, the EBRD also holds its business forum, which stands out as an appropriate platform for exploring investment opportunities and forging lasting business ties.
Business Forum panels will focus on digitalization, sustainability and the transition to a green economy, mobilizing private capital, equality and inclusion, alongside other hot topics.
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