Casablanca – Morocco’s investment climate continues to show robust growth, with the National Investment Committee recently approving 171 new projects, amounting to approximately $9.7 billion. These investments are spread across a range of industries and include contributions from 18 foreign countries, accounting for a significant portion of the total investment value.
During a recent meeting in Rabat, Karim Zidane, Minister Delegate for Investment, Convergence, and Evaluation of Public Policies, highlighted the significant strides made under the new Investment Charter. The charter incentivizes both foreign and domestic investments with tax breaks and grants of up to 30% of the total investment. Zidane emphasized that these approved projects will create over 54,000 new jobs across Morocco’s diverse regions.
Zidane shared the government’s comprehensive action plan for boosting investment, which is designed to attract private capital—whether national, foreign, or from the Moroccan diaspora. The action plan is anchored in a strategic roadmap for improving Morocco’s business environment, which includes 46 initiatives targeting key investment sectors. By the end of 2024, 83% of these initiatives were launched, providing tangible results for investors.
A core component of the government’s investment strategy is enhancing communication with the global Moroccan community. With a strong focus on facilitating investment from Moroccans abroad, the ministry has developed a new digital platform leveraging artificial intelligence. This tool is designed to provide real-time information in multiple languages, catering specifically to the countries where Moroccan expatriates reside.
Additionally, the government has been working on streamlining the process for regional investment centers, revising the legal framework to improve their efficiency. New regulations now facilitate the decentralization of investment agreements for projects below $25.8 million, aligning with the country’s regional development goals. This move is seen as a key factor in attracting smaller, high-impact investments to Morocco’s underdeveloped areas.
With international investment opportunities now more accessible than ever, Morocco’s business prospects look promising. A key example is the rapidly developing electric mobility sector, which is poised to become a cornerstone of the country’s future economic success. Through targeted international tours, the government is working to build partnerships with leading global companies, promoting Morocco’s position as a global investment hub.
The expansion of Morocco’s investment landscape under the National Investment Committee’s guidance is a testament to the country’s economic resilience and commitment to creating a favorable environment for both domestic and international investors. With the continued implementation of these initiatives, Morocco is expected to maintain its growth trajectory, fostering sustainable development and job creation for years to come.
