Casablanca – Morocco’s government has approved 47 new investment projects with a combined value of approximately $5.26 billion, as part of its ongoing efforts to stimulate economic growth and job creation across the country. The decision was made during the eighth session of the National Investment Commission, chaired by Prime Minister Aziz Akhannouch, and held on June 26 in Rabat.
The projects are expected to generate close to 17,000 jobs, including 9,000 direct positions and 8,000 indirect ones. They span a diverse range of sectors and are geographically distributed across 23 provinces and prefectures in 10 of Morocco’s 12 administrative regions, reflecting a strong emphasis on balanced territorial development.
New investment charter underpins strategy
The approvals fall under the framework of Morocco’s new Investment Charter, which came into effect in March 2023. The charter aims to increase the country’s attractiveness to both domestic and international investors, while promoting industrial diversification and inclusive economic development.
Of the 47 projects validated, 36 are new investment agreements, while the remaining 11 are amendments to existing agreements. All of them are being implemented under the primary investment support mechanism of the new charter, which provides financial and procedural incentives for qualifying initiatives.
In a statement following the session, the Prime Minister’s Office emphasized the government’s commitment to fostering a dynamic investment environment and noted that these new approvals mark “a continuation of the positive momentum observed in recent years.”
Sectoral focus: Automotive industry leads
The investment projects span approximately 20 industrial and service sectors, indicating Morocco’s ongoing push for economic diversification. The automotive industry continues to dominate the country’s industrial landscape, accounting for 54% of the total expected job creation from the newly approved projects. This reflects Morocco’s positioning as a regional hub for vehicle manufacturing and automotive components.
The outsourcing and business process services sector (BPO) ranks second, with 9% of the projected jobs, followed by the tourism sector with 8%. Other areas covered include pharmaceutical manufacturing, agri-food processing, metallurgy, chemicals, textiles, energy, and logistics.
Officials highlighted the alignment of these projects with national goals for industrial upscaling and the development of high-value-added sectors.
Strategic projects and regional distribution
Among the 47 approved initiatives, five have been granted strategic status due to their scale, sectoral importance, or potential socio-economic impact. These strategic projects are spread across the regions of Casablanca-Settat, Rabat-Salé-Kénitra, the Oriental, Souss-Massa, and Fès-Meknès. They involve sectors such as automotive manufacturing, chemical industries, textiles, and metallurgy, and are expected to play a key role in Morocco’s long-term industrial strategy.
The geographical scope of the approved investments is particularly broad, encompassing 23 provinces and prefectures, including Errachidia, Chefchaouen, Essaouira, Beni Mellal, Ouazzane, Boujdour, and Tata. This territorial distribution supports Morocco’s policy of advanced regionalization and aims to reduce regional disparities by channeling investment into less developed areas.
New thresholds for regional oversight
This eighth session of the Commission also marked a turning point in Morocco’s investment governance model. It will be the last time that investment projects below $25.8 million are reviewed at the national level. In accordance with Law 22.24, which amended Law 47.18, responsibility for these smaller-scale projects will now shift to regional authorities.
The move is part of broader efforts to enhance administrative decentralization and improve investment efficiency by bringing decision-making closer to the ground.
Government pledges continued support
Closing the session, Prime Minister Akhannouch underscored the government’s determination to make Morocco more competitive and more attractive to investors, noting that the new investments would “strengthen Morocco’s production base, create quality jobs, and support sustainable and inclusive development.”
The National Investment Commission, composed of several key ministers and stakeholders, is expected to meet again later this year to review larger-scale and strategic projects, as the government continues to prioritize private-sector-led growth.
With its current pace, Morocco is positioning itself as a regional leader in industrial development, job creation, and investment reform, reinforcing its role as a gateway for international business into Africa and the Mediterranean.
