Morocco’s Investments Committee approved on Thursday 19 investment projects totaling 31.5 billion MAD.
During the meeting that was held under the chairmanship of Head of Government Aziz Akhannouch, the committee studied 17 draft agreements and two appendices and approved the 19 projects proposed by the private sector.
The approved projects allow the creation of 11,742 direct jobs and 9,280 indirect jobs.
The electric mobility sector tops the approved investment projects with an amount of 22.5 billion MAD, representing 71% of the total investments approved by the committee, followed by the minerals sector with 13%, then cars with 10%.
The electric mobility sector is the main component in terms of the sheer number of jobs that is anticipated to top the list, as projects allocated to that industry looks to contribute 4,458 direct jobs–which would be more than 38% of the total number of job opportunities hoped for–while programmed projects in the sectors of aquaculture, food industries, and cars seek respective increases of 17%, 11%, and 9%.
Along the same lines, the committee studied and granted the strategic nature of 4 investment projects with a value of 113.8 billion MAD.
These projects are expected to create 15,720 direct jobs and 99,000 indirect jobs.