The Investment Committee approves 5 agreements and annexes of agreements for investment projects worth about 4 billion Dirhams

The Investment Committee, chaired by the Head of Government Mr. Aziz Akhannouch, approved, Tuesday in Rabat, 5 agreements and annexes of agreements for investment projects, with a total value of 3.96 billion Dirhams.

According to a statement issued by The Head of Government's Office after the eighty-second session of the Investment Committee, these investment projects, which will create 756 direct and indirect jobs, concern the renewable energy sector (75% of the investment value) and the transport sector (25%).

The programmed projects with mixed foreign capital, presented during this meeting, constitute the bulk of the expected investments, with about 3 billion Dirhams, while the value of national capital is more than 973 million dirhams.

The same source added that The Head of Government, in a speech on the occasion, stressed the importance of enhancing the dynamism of investments in order to achieve the goals of economic take-off, the creation of stable jobs, and the creation of added value.

He reiterated the need to maintain a high pace of ratification of investment agreements, in order to adapt to entrepreneurial times and better respond to the expectations of Moroccan and foreign investors.

At the end of this meeting, the 13 agreements and annexes of the agreements ratified by the Investment Committee during its last meeting held on November 23, 2021, as well as the agreements and annexes of the five agreements ratified during today's meeting, were signed.

The Committee was attended by Mr. Mohamed El Hajoui, Secretary General of the Government, Ms. Nadia Fettah, Minister of Economy and Finance, Mr. Nizar Baraka, Minister of Equipment and Water, Mr. Khalid Ait Taleb, Minister of Health and Social Protection, Mr. Younes Sekkouri, Minister of Economic Inclusion, Small Business, Employment and Skills, Mr. Ryad Mezzour, Minister of Industry and Trade, Ms. Leila Benali, Minister of Energy Transition and Sustainable Development, Mr. Mohamed Mehdi Bensaid, Minister of Youth, Culture, and Communication, Mr. Mohcine Jazouli, Minister Delegate to the Head of Government, in charge of investment, convergence, and evaluation of public policies, and Mr. Fouzi Lekjaa, Minister Delegate to the Minister of Economy and Finance, in charge of the budget.

The head of government then chaired the eighth meeting of the ministerial leadership committee created by Law No. 47.18 on the reform of regional investment centers and the creation of unified regional investment committees, which was devoted to studying the appeals submitted by investors regarding the decisions of the unified regional investment committees, the statement said.

He concluded that during this meeting, which was held in the presence of ministers and representatives of the concerned ministerial sectors, the Ministerial Leadership Committee examined and decided on 22 appeals submitted by investors before this committee, in application of the requirements of article 37 of the aforementioned law.