Morocco injects $1.1 billion into projects to stimulate the economy

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The Moroccan government announced on Wednesday that it will invest $1.1 billion in 15 public and private sector projects, with the aim of stimulating the creation of 2,907 jobs in the country.

The Moroccan government made the announcement during a meeting of the Investment Commission in the capital Rabat. During this meeting, the ministerial commission examined 17 potential investment projects before making its selection. The ministerial commission has allocated approximately 5.7 billion dirhams to investment projects in the telecommunications sector, i.e. 53% of the overall budget. The industry comes in second place with a total of 3.2 billion dirhams of investments. Most of the investments were devoted to public or semi-public projects, for an amount of 9.2 billion dirhams.

Speaking on the sidelines of the meeting, the head of government stressed the importance of boosting investment as a pillar of Morocco’s economic recovery and job creation. A total of 13 ministers participated in the meeting chaired by Aziz Akhannouch. The official statement reiterates the government’s commitment to implement the necessary structural reforms to boost investment in all regions of the country. During the meeting, the Head of Government stressed the importance of maintaining the effectiveness of the Investment Commission by holding regular meetings.

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