Manama: Morocco's National Investment Commission has approved $1.7 billion (MAD 17.3 billion) in 20 investment projects, expected to generate 27,000 jobs, Karim Zidane, Minister Delegate for Investment, announced Wednesday. The projects are divided into two investment schemes: the basic support system, accounting for MAD 4.3 billion and creating 5,500 jobs, and the strategic support system, which involves up to MAD 13 billion and is expected to generate 21,500 jobs. These projects will be spread across 14 provinces in seven regions.
According to Bahrain News Agency, the investments will target seven key sectors: tourism, renewable energy, agri-food, automotive, packaging, lighting, textiles, metallurgy, and telecoms. This strategic allocation reflects Morocco's diversified approach to bolstering its economic landscape and enhancing sectoral growth.
Karim Zidane stated, 'These projects highlight Morocco's growing appeal as an investment hub,' following the commission's meeting, which was chaired by Aziz Akhannouch, Prime Minister of Morocco. Zidane emphasized Morocco's commitment to strengthening its business climate and attracting foreign capital, aiming to position the country as a leading destination for global investors seeking new opportunities.