Morocco Gives Green Light To 21 Projects Totaling 76.7 bln MAD

Morocco’s Investment Commission approved, Wednesday in Rabat, 21 investment projects worth 76.7 billion MAD.
The said projects are expected to create 5,728 direct jobs and 14,707 indirect jobs.
The Commission was held under the chairmanship of Head of Government Aziz Akhannouch, and attended by heads of various departments.
The industry sector dominates the investment projects with 53.6 MMDH, i.e. 70% of the whole investment. Seawater desalination comes in second with 14%, followed by renewable energy (4%).
In terms of employment, the industrial projects will generate 4,213 direct jobs (more than 73% of the total number of jobs), while projects in the tourism and health sectors account for 8%, each, of the future jobs.
The Commission examined 6 additional investments involving mainly the electric car ecosystem.
These projects, worth 54.8 MMDH and forecast to generate 13,260 direct employment and 33,150 indirect jobs, will be assessed by the Technical Committee of Strategic Investment Projects (CTPIS) before receiving the National Investment Commission’s final clearance.