King Mohammed VI chaired, this Wednesday, February 16, 2022 at the Royal Residence of Bouznika, a working session devoted to the new investment charter.
A press release from the Royal Cabinet indicates that this working session follows on from the High Royal Guidelines contained in the Opening Speech of Parliament, calling for the adoption, as soon as possible, of a new competitive investment charter. .
During this session, a presentation of the main lines of the new investment charter project was presented to the Sovereign by the Minister Delegate to the Head of Government in charge of investment, convergence and evaluation. public policies.
The project, which is in line with the spirit and ambition of the New Development Model, sets itself the objective of reversing the current trend where private investment represents only nearly a third of total investment, l public investment accounting for two-thirds. It thus plans to increase the share of private investment to two-thirds of total investment by 2035.
The major objectives assigned to the new investment charter are job creation, the promotion of equitable territorial development and the prioritization of promising sectors for the national economy. To this end, the draft of the new charter includes in particular a main support mechanism consisting of:
– joint bonuses, in support of investments in line with the high royal guidelines, the objectives of the New Development Model and the priorities set by the government
– an additional territorial bonus, aimed at encouraging investment in the less favored provinces
– an additional sectoral bonus, granting incentives with a view to revitalizing growth sectors.
The project also provides for exclusive support measures for projects of a strategic nature such as the defense industries or the pharmaceutical industry, within the framework of the National Investment Commission, as well as a specific support mechanism intended for very small, small and medium-sized enterprises, in addition to a device for the development of Moroccan investments abroad.
The King encouraged the government for the work carried out, and gave his instructions for the preparation of the implementation details of the new investment charter.
The Sovereign also insisted on the relay that the national private sector should take in this project, by inviting the government to actively involve private operators, including the CGEM and the GPBM, in the process of implementing the charter.
The King also recalled that the renovation of the legal and incentive mechanisms remains dependent on their proper implementation and the regular monitoring of their execution on the ground, in order to give a new dynamic to private investment and to devote the Kingdom as a privileged land for investment on a regional and international scale.
This working session was attended by the Head of Government, Aziz Akhannouch, the Royal Advisor, Fouad Ali El Himma, the Minister of the Interior, Abdelouafi Laftit, the Minister of Economy and Finance, Nadia Fettah Alaoui, the Minister of Industry and Trade, Ryad Mezzour and Minister Delegate to the Head of Government in charge of Investment, Convergence and Evaluation of Public Policies, Mohcine Jazouli.