Morocco Latest News
  • Home
  • Politics
  • Society
  • Sport
  • Economy
  • World
  • Culture
  • High-tech
No Result
View All Result
  • Home
  • Politics
  • Society
  • Sport
  • Economy
  • World
  • Culture
  • High-tech
No Result
View All Result
No Result
View All Result
Morocco Latest News
Home Economy

L’Oriental, a new engine of growth for Morocco

4 months ago
in Economy
L’Oriental, a new engine of growth for Morocco
Share on FacebookShare on TwitterShare on Whatsapp

The Oriental region will be a new engine of growth for Morocco, said Monday the Minister of Industry and Trade, Ryad Mezzour.

“The launch of this project and the commissioning of the new Nador West Med port will make the Oriental a major industrial locomotive, just like the industrial ecosystems of Tangier or Casablanca”, underlined Mezzour, by videoconference during a meeting held in Oujda, on the occasion of the launch of the construction works of an automotive wiring factory of the equipment supplier group Aptiv

“This port will be accompanied, in the near future, by other investments of this type or even larger ones, with a view to strengthening competitiveness and productivity and taking advantage of the skills of the Oriental region”, he said.

The Minister hailed the confidence placed by this industrial group in Morocco, which resulted in the installation of several industrial units, as well as the efforts made by the Wilaya of the Oriental and the Council of the region with a view to support this project from the beginning and the continuous coordination with the ministry to attract promising investments for the benefit of this region.

“The natural, human and logistical potential enjoyed by the Oriental region can be taken advantage of and enhanced by exceptional projects, making it possible to create more jobs and local wealth”, he added.

Mezzour affirmed that the ministry will redouble its efforts for the study of the realization of industrial infrastructures in this region, as well as for the conclusion of partnership agreements relating to the projects which will be retained in common agreement with the regional partners.

In addition, and as part of the 2021-2023 industrial recovery strategy, which aims to substitute imports with national production, the ministry has given its agreement in principle for 56 projects in the Oriental region, particularly in the sectors of the food industry and the electrical industry, for an investment of 1.64 billion dirhams (MMDH), which should allow the creation of more than 6,000 permanent jobs and generate a turnover of more than one billion dirhams.

Mezzour affirmed that the services of the ministry, at the central and regional level, will continue to coordinate closely with the Regional Investment Center (CRI) of the Oriental and other partners, with a view to supporting the entrepreneurial initiative and financing more industrial projects in the region.

The speakers at this meeting highlighted the strengths and potentialities that the Oriental region abounds, and which are able to encourage the various economic actors to invest and settle in this region.

They also noted the importance of Aptiv’s “mega-factory” in Oujda, which will contribute to the economic development of the Oriental region as well as to the strengthening of Morocco’s competitiveness in the automotive sector.

The new factory of the Aptiv group will spread over an area of ​​8 ha in the industrial acceleration zone of the Oujda Technopole, for a total investment of nearly 394 million dirhams (MDH).

The project, which should allow the creation of more than 3,000 direct jobs, is the result of a partnership between the Wilaya of the Oriental, the CRO, the CRI, the company MedZ and Aptiv.

.

Tags: growth engineMoroccoRyad MezzourThe Oriental
Previous Post

CAN 2021: Morocco in the quarter-finals after their victory against Malawi (2-1)

Next Post

Morocco in the quarters thanks to a masterful Hakimi

Related Posts

8.4% increase in money supply in 2020
Economy

money transfers jumped 40% in 2021

May 16, 2022
Marrakech-Menara Airport: Over 92% drop in air traffic in the 1st Semester
Economy

ONDA expects a recovery rate of 75% in 2022

May 15, 2022
Morocco welcomes young Nigerian farmers to teach them farming skills
Economy

Morocco welcomes young Nigerian farmers to teach them farming skills

May 15, 2022
Tourism endowment in Morocco now increases to 100,000 dirhams
Economy

The dirham depreciates by 0.61% against the euro from May 5 to 11

May 15, 2022
DEPF: Tourist arrivals up 34% in 2021
Economy

A substantial price increase in Marrakech irritates Moroccan tourists

May 15, 2022
Automotive: Renault returns to profit in the first half of 2021
Economy

Renault is studying the creation of two specialized centers

May 15, 2022
Next Post
Morocco in the quarters thanks to a masterful Hakimi

Morocco in the quarters thanks to a masterful Hakimi

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TRENDING

Morocco negotiates for the acquisition of Israeli Delilah missiles

Morocco negotiates for the acquisition of Israeli Delilah missiles

May 7, 2022
31 years later, Jamel Debbouze confides in the accident which cost him his arm

31 years later, Jamel Debbouze confides in the accident which cost him his arm

August 28, 2021
Young woman sexually assaulted, the DGSN identifies the assailants

Young woman sexually assaulted, the DGSN identifies the assailants

September 14, 2021
A “pregnant man” emoji lands on iPhones and triggers a lively controversy

A “pregnant man” emoji lands on iPhones and triggers a lively controversy

February 1, 2022
3 years in prison for the young man who blocked the Tramway

3 years in prison for the young man who blocked the Tramway

July 7, 2021

Recent News

a new wave at the end of 2021 is quite plausible

Resilient health systems for optimal health security

May 16, 2022
low attendance at the first legislative elections since the start of the crisis

low attendance at the first legislative elections since the start of the crisis

May 16, 2022
Mali withdraws from the G5 Sahel

Mali withdraws from the G5 Sahel

May 16, 2022
Union Touarga supports MAT in the first division

Union Touarga supports MAT in the first division

May 16, 2022
Morocco Latest News

Morocco Latest News

Browse by Category

  • Culture
  • Economy
  • High-tech
  • Politics
  • Regions
  • Society
  • Sport
  • World
Follow Us
  • Privacy Policy
  • Terms & Conditions
  • Contact

© 2022 - All rights reserved moroccolatestnews.com

No Result
View All Result
  • Home
  • Politics
  • Society
  • Sport
  • Economy
  • World
  • Culture
  • High-tech

© 2022 - All rights reserved moroccolatestnews.com

This website uses cookies to ensure you get the best experience on our website. Learn more