The Minister Delegate in charge of Investment, Convergence and the Evaluation of Public Policies, Mohcine Jazouli, indicated on Monday that the development of all the regions of the Kingdom and the strengthening of their attractiveness for investments constitute a priority for the government, in application of the High Instructions of King Mohammed VI.
Jazouli, who was speaking during the session of oral questions in the House of Representatives, indicated that his department is currently considering the implementation of the national strategy for the development of private investments, at the regional level and sector, and this within the framework of the operationalization of the new investment charter, as an important tool for the development of the territories.
The Minister also noted that thanks to the new charter, the regions will benefit from investment opportunities through territorial bonuses as part of a support system in order to limit the disparities between the provinces and prefectures of the Kingdom in terms of attractiveness of investments, adding that two categories of prefectures and provinces “A” and “B” eligible for support have been identified, on the proposal of the Ministry of the Interior and after approval by the Head of Government, on the basis of objective criteria.
Investment projects in provinces and prefectures belonging to category “A” will benefit from 10% of the total amount of investment eligible for support, while provinces and prefectures “B” will benefit from 15% of the total amount of investment eligible for support, Jazouli said.
He further added that this territorial bonus concerns 60 out of 75 prefectures and provinces at the national level, i.e. 80% of the prefectures and provinces of the Kingdom.
The Minister also noted that in addition to the “territorial bonus”, the regions will benefit from the possibility of taking advantage of both the main support mechanism and the other investment support mechanisms put in place by the regions, and a unified and decentralized governance making it possible for the first time to draw up, approve and sign agreements for investment projects that can reach up to 250 million dirhams of the total amount of investment at the regional level.
Jazouli assured that these projects represent the majority of investment projects, which reaffirms the government’s commitment to succeed in the advanced regionalization project and to strengthen the role of local actors in the field of investment.
In this sense, the minister recalled that the national investment commission, which met last May, approved major investment projects in 8 different regions and 80% of the bonuses were granted outside the Tangier-El Jadida axis. , which shows that the start of the operationalization of the new investment charter has a positive impact on investment in the regions of the Kingdom.