Casablanca – In a significant step towards boosting economic growth, the Moroccan government has approved 56 major investment projects worth a total of $13.4 billion. These projects, which are expected to create nearly 28,000 jobs, span a variety of sectors, including tourism, renewable energy, electric mobility, and telecommunications.

The approval comes from the 6th National Investment Commission (CNI), which met on Tuesday, December 10, 2024, in Rabat under the leadership of Prime Minister Aziz Akhannouch. The session marks the latest milestone in the implementation of Morocco’s new Investment Charter, which has been operational since March 2023 and is aligned with the strategic directives of King Mohammed VI.

Key figures and strategic projects

Out of the total investment, $11.6 billion was approved under the main framework of the Investment Charter. These projects alone are projected to generate 18,000 jobs, including 10,000 direct and 8,000 indirect positions. Additionally, the approval includes $2.5 billion of private investment, reflecting the growing role of the private sector in Morocco’s economic development.

Moreover, four strategic projects valued at $2.2 billion were also approved. These projects, focused on the fields of electric mobility, renewable energy, and seawater desalination, will be implemented in the regions of Guelmim-Oued Noun, Tangier-Tétouan-Al Hoceima, and Casablanca-Settat, creating an estimated 10,000 jobs. In addition, three other projects worth $1.4 billion received strategic status, targeting sectors such as textiles, electric mobility, and telecommunications, and are expected to generate 38,000 jobs.

Regional and sectoral impact

The newly approved investments span 32 provinces across all 12 regions of Morocco, ensuring that economic opportunities are spread throughout the Kingdom. The projects will affect key areas such as Fès, Meknès, Ifrane, Essaouira, Safi, and Errachidia, as well as more remote regions like Boujdour and Oued Ed-Dahab.

The approved projects cover a wide range of industries, with tourism emerging as the largest job creator, accounting for 19% of the total employment. Other significant sectors include construction materials (18%), healthcare (15%), and agribusiness (8%). The automotive, telecommunications, and renewable energy industries also feature prominently in the projects, which highlight Morocco’s growing commitment to diversifying its economy.

Government’s commitment to growth

Prime Minister Akhannouch emphasized that the government’s focus on supporting private investment and job creation is central to Morocco’s economic strategy. “As outlined in the 2025 Finance Bill, creating opportunities for private investment and employment remains a top priority for the government. All sectors are working together to ensure the success of the new Investment Charter and contribute to the realization of Morocco’s economic goals,” he said.

This latest round of approvals marks the fourth session of 2024, and it sets new records for both the volume of investments and the number of jobs to be created. The continued momentum of these investments demonstrates the tangible benefits of the Investment Charter, which has already begun to reshape Morocco’s economic landscape.

A positive outlook for the future

The projects approved by the National Investment Commission represent a significant investment in Morocco’s future. They not only promise to create thousands of jobs but also foster innovation and growth in some of the country’s most important sectors. As Morocco continues to implement its Investment Charter, it is clear that the government is committed to making the Kingdom a hub for both local and international investment, positioning it as a leader in Africa’s growing economy.