Investment Commission: approval of 51 investment projects totalling more than 67 billion DH

The Investment Commission, convened Wednesday 4 may 2017 in Rabat under the chairmanship of the Head of Government, approved 51 projects of investment agreements and amendments to investment agreements with a total value of 67 billion dirhams, which will allow the creation of 6,477 direct jobs.

At the conclusion of this meeting, Mr. Moulay Hafid Elalamy, Minister of Industry, Investment, Trade and the Digital Economy, held a press conference in the ministry headquarters to present the results of this commission.

Predominance of the industrial sector

On this occasion, the Minister highlighted the predominance of the industrial sector, both in terms of the value of investments submitted to the Commission (43 billion dirhams, or nearly two-thirds of total investments submitted) and in terms of job creation (4,803 direct jobs representing three-quarters of the jobs to be created).

In 2nd position in terms of invested funds with nearly 13 billion dirhams (19% of which are projected investments) and 8% of projected jobs is the sector of transport and transport infrastructure, followed by the renewable energy sector (9% of the planned investment and 1% of jobs). The tourism and leisure sector comes in 4th position with nearly 7% of investment and 13% of projected jobs.

Very strong presence of investment covering more than one region

The breakdown of projects according to their location show that projects covering more than one region come in the 1st position as they represent three quarters of the investment, or over 50 billion dirhams. The Casablanca-Settat region comes in 2nd with more than 9% of the total of the investments submitted to the Commission, representing more than 6 billion dirhams. The regions of Laâyoune-Sakia El Hamra and Rabat-Salé-Kénitra come in 3rd and 4th position respectively with a cumulative investment of more than 8 billion dirhams.

Very strong presence of domestic investment

At 61 billion dirhams, domestic investments represent almost all of the projected investments submitted for approval to the Commission, that is to say more than 90%. Joint ventures come in second with almost 9% of the total amount.

Projects spread of several regions: the main generator of jobs

Projects spread over several regions represent the main provider of jobs with nearly three-quarters of the total of 4,682 jobs (mainly in the areas of Casablanca-Settat, Marrakech-Safi and Beni Mellal-Khenifra).