However, Morocco relies on the financial contribution of Moroccans living abroad. Remittances represent a significant windfall for the country, exceeding 100 billion dirhams last year.
Karim Zidane, Minister Delegate in charge of Investment, wants to transform these “consumerist” transfers into productive investments. He encourages the diaspora to become more involved in the development of Morocco.
Read: Europe wants to block transfers of MREs
“We will meet them in the countries where they live, we will speak to them in the language they speak, we will simplify the procedures for them and explain to them the investment opportunities in their country,” he declared during of an oral question session in parliament.
The minister also mentioned the simplification of investments for MREs by responding to the question of the “complexity of administrative investment procedures for members of the Moroccan diaspora”, raised by the RNI group. For Zidane, “the National Committee for the simplification of administrative procedures and procedures, chaired by the head of government, has simplified and digitized 22 administrative decisions, currently studied at the level of regional investment centers, making it possible to reduce by 45% on average documents required from investors.
The government is banking on the attachment of Moroccans abroad to their country of origin to encourage them to invest in development projects. He hopes to promote “sustainable” growth in all regions of Morocco and reduce territorial disparities.
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