Tuesday, November 19, 2024 at 6:35 p.m.
Rabat – The dynamic generated by the new Investment Charter has made it possible to develop the performance of the National Investment Commission, underlined Tuesday in Rabat, the Head of Government, Aziz Akhannouch, noting that the overall amount of operating capital of industrial projects approved between May 2023 and November 2024, was multiplied by 10, recording a value of 140 billion dirhams (according to the new version of the Charter), in comparison with the period going from October 2021 to April 2023, where the amount recorded was 13 billion dirhams (old version).
Speaking during the monthly session of oral questions on the general policy of the government in the House of Advisors focused on “the national industrialization policy”, Mr. Akhannouch affirmed that the new Investment Charter is likely to be established as an essential mechanism for strengthening industrial competitiveness, by developing the legislative and regulatory arsenal in order to encourage local and foreign investors to direct their investments towards priority sectors, including industry.
In addition, Mr. Akhannouch discussed the incentive measures included in the new Investment Charter, which came into force at the end of 2022 and aimed at improving the business climate and strengthening the attractiveness of the industrial sector, by presenting financial and spatial incentives. helping to reduce costs for investors.
In this sense, he specified that the government ensures, through this Charter, to create spatial equality in terms of distribution of investments, in order to allow the different provinces to benefit from the industrial investment effort undertaken by the government, insisting on the crucial importance this has for the Moroccan economy, which places particular interest in encouraging innovation and advanced technology in processing industries.
The Charter encourages investment in sectors constituting the professions of the future for Morocco, such as the electronics, automobile and aviation industries as well as investment in emerging sectors such as artificial intelligence and renewable energies. , green hydrogen and biotechnology, added Mr. Akhannouch.
The Head of Government stressed that in order to bring together the necessary conditions for the success of the investment ecosystem in Morocco, including industrial investment, the government has proceeded to the simplification of 22 administrative decisions linked to investment, in particular through their digitization via the electronic platform “CRI-Invest” and by reducing by 45% the number of documents required, mainly relating to the eligibility of projects, the mobilization of land, construction authorizations and permits. operating.
And to affirm that the government is committed, in this reform perspective, to implementing a new vision for the Regional Investment Centers (CRI), based in particular on the strengthening of their roles, the simplification of investment procedures. investment and the development of related agreements while ensuring the monitoring of investment projects.
In order to guarantee rapid interaction with investors’ requests, Mr. Akhannouch stressed that it was decided to delegate to the regional level the examination of investment files whose value is between 50 and 250 million dirhams, after having provided the Unified Regional Investment Commissions with the necessary tools to accelerate the approval of investment files and projects within reasonable deadlines.
He continued that the government, aware of the importance of supporting very small, small and medium-sized enterprises (SMEs), including those with an industrial vocation, is working to finalize the specific legal framework with a view to establishing a system of support for investment intended for this essential component of the national economic fabric, a real engine of job creation.
And to conclude that the government will continue its efforts in this direction with a view to promoting Morocco’s assets in terms of investment on an international scale, in particular by strengthening the role of Moroccans residing abroad.
