Investments: 23 projects approved for MAD 9.74 billion

Education totals investments of MAD 6.85 billion, or nearly 33% of the planned investments. Tourism and leisure occupies the 2nd position with 4.08 billion dirhams and more than 19% of investments, followed by the energy sector (3.74 billion dirhams, nearly 18%). Industry comes in 4th position with more than 3.15 billion dirhams, or nearly 15% of investments.

The Investment Commission, meeting Friday in Rabat, examined and approved 23 draft agreements and amendments to investment agreements for a total amount of 9.74 billion dirhams (MMDH).

These projects should allow the creation of 2,605 direct jobs and 5,382 indirect jobs, specifies the Moroccan Agency for the Development of Investments and Exports (AMDIE) in a press release on the second meeting of the Commission for the year 2021. The Commission thus met twice on February 17, 2021 and July 23, 2021, approved for the year 2021, a total of 59 draft agreements and amendments to investment agreements for a total amount of 21.05 MMDH to allow the creation of 6,105 direct jobs and 11,201 indirect jobs. Education and Higher Education totals investments of MAD 6.85 billion, or nearly 33% of the planned investments, occupying the first position, the same source said, adding that Tourism and leisure occupies the second position with 4, 08 billion dirhams and more than 19% of the planned investments, followed by the energy sector (3.74 billion dirhams, nearly 18%). Industry, for its part, comes in 4th position with more than 3.15 billion dirhams, or nearly 15% of the planned investments, still remaining the 1st provider of direct jobs to be created with 2,408 direct jobs to be created (more of 39%). In terms of job creation, the Tourism and Leisure sector occupies the 2nd position with 1,902 jobs to be created, i.e. more than 31% of the jobs planned, followed by Education and Higher Education with 1,440 jobs to be created, i.e. nearly 24% of projected jobs. In a regional approach, Rabat-Salé-Kénitra totals the largest amount of investments, around 8.27 billion dirhams, i.e. more than 39% of the planned investments, ahead of Casablanca-Settat (5.65 billion dirhams, 27% of planned investments). The Dakhla-Oued Eddahab region occupies the 3rd position with investment projects totaling MAD 2 billion (10% of projected investments), while Tangier-Tétouan-Al Hoceima represents 9% of projected investments with MAD 1.87 billion In terms of job creation, the Rabat-Salé-Kénitra region comes in 1st position with 2,065 direct jobs to be created and 34% of projected jobs, followed by Casablanca-Settat (1,652 direct jobs, or 27% of projected jobs) , Oriental (911 direct jobs, or nearly 15% of projected jobs) and Marrakech-Safi (572 direct jobs, or more than 9% of projected jobs). Regarding the origin of investments, national capital represents the major part of the projected investments with more than MAD 14.79 billion, or more than 70%. Joint-Ventures constitute 13% of the planned investments, i.e. 2.78 billion dirhams, followed by investments from the United Arab Emirates with more than 1.44 billion dirhams, or nearly 7% of the projected investments.