The 83rd Investments Committee approves three agreements for investment projects worth about 2 billion Dirhams

The Investment Committee, chaired by The Head of Government, Mr. Aziz Akhannouch, examined Tuesday in Rabat, four draft agreements, three of which were approved with a total value of 2.07 billion Dirhams, which will create 1,110 direct and indirect jobs.

According to a statement issued after the meeting of the Investment Committee in its 83rd session and the third within a month, the infrastructure sector dominated the projects studied during this meeting, with a value of 1.8 billion Dirhams, or 87% of the expected total amount, followed by the industrial sector with about 270 million dirhams.

The same source added that the programmed projects with national capital, which were presented during this meeting, constitute the largest part of the expected investments with about 1.8 billion Dirhams.

On this occasion, the Head of Government stressed the importance of the effectiveness in the examination of projects by the investment committees and, as has been the case since the beginning of the current government mandate, the frequency of frequent meetings.

He stressed that the meetings of the Investments Committee were an opportunity to assess the progress made at the level of important projects that had been approved in previous meetings, and to resort to arbitration if necessary regarding possible outstanding points. The Head of Government also directed that the meetings of the Committee be an opportunity to pre-prepare future projects to provide a better view for all stakeholders.

Regarding two previously approved projects, the committee approved an annex to an agreement on a major tourism project in the Tangier-Tetouan-Al Hoceima region, as well as the completion of the signing of a draft framework agreement on an important tourism project in the Souss Massa region.

The meeting was also an opportunity to discuss projects under study that require arbitration or solutions to structural points such as the provision of real estate.

In less than a month, the first three meetings of the Investment Committee enabled the approval of 21 draft agreements and annexes to the agreement, with a total amount of more than 8.13 billion Dirhams, with the creation of 7,660 direct and indirect jobs, as well as the signing of two framework agreements for a total amount of 7.31 billion Dirhams.