Around 50,000 job opportunities are expected to be created in Morocco’s eastern region by 2026 as part of a massive investment plan that will cost 550 billion MAD, Minister Delegate for Investment Mohcine Jazouli said during a meeting held as part of the first regional tour to determine Morocco’s regional private investment strategy in Oujda city on Monday.
The eastern region has experienced unprecedented economic growth since the launch of the Royal Initiative for the Development of the Region in 2003, which has facilitated the creation of top notch infrastructure, making it one of the most attractive locations in Morocco for private investment.
New infrastructure launched or under construction in the region includes the Guercif-Nador highway, the Industrial Zone adjoining the port of Nador West Med, and the Nador desalination plant, which are all essential to rendering Morocco’s oriental region the Kingdom’s next major economic and industrial hub.
The Minister Delegate suggested that public and private institutions need to focus on improving the business climate and giving investors access to real estate that is well equipped and meets their needs, as well as strengthening infrastructure to stimulate new building projects, among others.
The Wali of the eastern region, the Vice-President of the Regional Council, the CEO of AMDIE, as well as other public and private stakeholders attended the meeting.