Private investors injected nearly MAD 200 billion into the Moroccan economy in 2022-2023, Delegate Minister for Investment and Public Policy, Mohcine Jazouli,, announced on Monday.
Speaking at the Lower House, Jazouli said these figures are based on monthly reports from the Ministry of Economy and Finance, as well as official data published each year by the High Commission for Planning on gross fixed capital formation (GFCF).
The minister noted that the government considers achieving the investment targets set by King Mohammed VI for the 2022-2026 period to be “a top priority,” noting that “current progress aligns with these targets and that indicators for 2024 and beyond appear promising.”
In this regard, he recalled that the new investment charter permitted the approval of projects with a combined value of 173 billion MAD. The charter is expected to generate approximately 100,000 jobs, with 82% of the projects already underway, he pointed out.
He also revealed that foreign direct investment levels have reached an all-time high at the beginning of 2024.
“Morocco is focusing on productive investments to strengthen the private sector and build a robust economy,” the official stated in response to questions about the integration of public and private investments.
He added that “public investments are essential for stimulating private sector investments, particularly in infrastructure and energy, to enhance regional competitiveness and attractiveness for further investment.”