The Tangier-Tétouan-Al Hoceima Regional Investment Center presents its activity report for the 2023 financial year with good data
The Regional Investment Center of the Tangier-Tetouan-Al Hoceima region (CRI TTA) held its Board of Directors on Friday April 26, 2024 at the headquarters of the regional Wilaya, under the presidency of Mr. Wali of the Region , Governor of the Tangier Prefecture-Asilah Mr. Younes Tazi.
In introduction, Mr. Wali of the region praised the sustained dynamism of the Regional Investment Center and the entire regional ecosystem in attracting and supporting investments, over the years, and this since setting artwork effective of Law 47-18 reforming Regional Investment Centers and the creation of Unified Regional Investment Commissions. He underlined the importance of redoubled efforts to ensure equitable territorial distribution of investments, for harmonious development of the region. Furthermore, he called on all stakeholders to strengthen end-to-end and coordinated support for investors and project leaders in order to maintain the attractiveness of the region and sustain entrepreneurial initiatives and jobs.
In accordance with the agenda, the Director General of CRI Tangier-Tétouan-Al Hoceima, Mr. Jalal Benhayoun presented the results of the Center’s achievements for the year 2023 marked by historic achievements at all levels and particularly in terms of the number of files approved by the Unified Regional Investment Commission (CRUI) and their impacts on the regional socio-economic fabric, thus testifying to the strong dynamics and attractiveness of the region for the last two decades.
In this, the CEO of the CRI announced that the Unified Regional Investment Commission ruled in the year 2023 on more than 972 actsinvestment is an increase of 21.5% compared to the same period of the previous year and of which 73% files have been approved by the CRUI (709 acts), for a total investment amount of 73.4 billion of dirhams, an increase of 41% compared to the year 2022. These projects, approved favorably within an average period of 4.9 dayswill ultimately enable the creation of approximately 70 000 jobs.
Between 2020 and 2023, projects approved by the CRUI resulted in the creation of 84,000 stable jobs, according to CNSS data.
In terms of investment volumes, the industrial sector ranks first with a total of 28.16 billionds MAD (i.e. 38.4%), followed by the miscellaneous services sector with 16.26 billion MAD (i.e. 22%) then the energy sector with 7.86M MAD (i.e. 11%) following a craze for projects linked to renewable energies mainly from wind energy.
The number of forecast jobs generated by these said projects follows a trend similar to that of the investment volume. In this sense, the industrial sector is the main contributor to job creation in the region with more than 40,000 long-term stable jobs (68% of projected jobs), followed by the Building and Public Works sector. and tourism with 14% each.
This year was also marked by the support of approximately 4,370 carriers of projects within the framework of different programs in particular that of “investor Academy” via the Manar Al virtual one-stop shop for support Moustatmir”.
This same dynamic was also recorded at the level of business creation, for which the region occupies 2th position at national level with 13,849 new businesses created in 2023, i.e. approximately 15% of creations registered at national level.
During this session of the Board of Directors, the results of the first study of investor perception of the regional business climate and the relationship with the CRI TTA were presented. This survey, conducted by a specialized firm with the support of the International Finance Corporation (IFC), is in perfect alignment with the strategic orientations of the CRI TTA aiming to place the satisfaction of its users at the heart of its concerns and priorities. .
The study focused on a representative sample of 135 economic actors at the regional level. It focused on three main areas:
● Investors’ perception of the regional business climate;
● Quality of the relationship and level of satisfaction with the services provided by the CRI TTA;
● Perception of other public and private stakeholders of the regional business climate.
The findings of this study provide valuable insights into the regional business environment, highlighting the region’s strengths as well as areas for improvement to further boost the business climate. These aspects include:
● 92% of the companies surveyed said they were satisfied with their establishment in the Tangier-Tétouan-Al Hoceima region. The main motivations include quality of life, strategic geographic location, maturity of the regional investment ecosystem around the CRI, new generation infrastructure and reception structures, availability of skills and competitive cost of investment factors. production ;
● 82% of investors surveyed consider the current situation of their companies satisfactory, with optimistic prospects for growth at all levels;
● All of the companies and stakeholders interviewed maintain a close relationship with the CRI TTA and expressed total satisfaction with this relationship. They highlighted the ease of contacting the CRI teams and praised the efforts made to promote the region. In addition, they said they were satisfied with the services provided by the CRI TTA for the completion of the various administrative formalities linked to the investment. They consider the CRI TTA as a pivot of the economic development local, carrying out various missions such as the promotion And economic impulse of the territory, support for investors And conciliation between stakeholders.
● In terms of sustainable development, around a third of the companies surveyed use renewable energies and waste recycling. Moreover, 90% of these companies rigorously enforce labor law regulations and employee safety standards.
These results and positive feedback crown the efforts of promotion, sourcing and integrated support and collective intelligence carried out by the various players in the investment ecosystem and their involvement around the CRI, under the leadership of the regional Wali, from the phases of promotion, orientation, processing of files, their authorizations and their post-authorization monitoring, in particular central administrations, external services, local authorities, chambers and professional associations and the private sector. This approach aims to offer an optimal path to investors, while seeking to continually improve the services offered.
After in-depth exchanges and discussions, the members of the Board of Directors unanimously approved all of the resolutions presented. They have also congratulated the CRI Tangier-Tétouan-Al Hoceima for its remarkable achievements and performances, testifying to the new dynamic established in the region. In addition, they encouraged the CRI to pursue its efforts in order to continue to contribute significantly to the development and promotion of investment across the region.
