The government completes the legal arsenal for activating the basic investment support system and the strategic investment support system within the specified deadlines (press release)

The Head of Government, Mr. Aziz Akhannouch, signed the decisions related to the activation of the basic investment support system. Thus, the government has completed the production of all regulatory texts related to the activation of the basic investment support system and the special support system applicable to investment projects of a strategic nature, the subject of Decree No. 2.23.1, which was approved by the Government Council on January 26, 2023, and published in the Official Gazette on February 23, 2023.
These decisions come within the framework of the government's commitment to the requirements of Article 40 of the new investment charter, which stipulates that "the basic investment support system and the special support system applicable to investment projects of a strategic nature will be activated within a period not exceeding three (3) months from the date of publication of the framework law in the Official Gazette."
The first decision concerns the application of the provisions of Article 6 of the aforementioned decree, which stipulates that investment projects whose total amount is equal to or greater than fifty million dirhams (50,000,000) and whose number of jobs exceeds the fixed jobs they will create according to a threshold determined by a decision of the Head of Governmentmay benefit from the grants provided for in the Basic Investment Support Law. This decision sets the said threshold at fifty (50) fixed jobs.
While the second decision concerns the first and seventh articles of the aforementioned decree, according to which the minimum local integration rate stipulated in the aforementioned decree is set at 20% for investment projects completed in the sectors of the agro-food industry, the pharmaceutical industry or the manufacture of medical supplies, and 40% for investment projects completed in other industrial activities, and also included an annex related to future professions and activities subject to upgrading to increase their added value, as referred to in the aforementioned decree.
While the third decision, adopted at the proposal of the Minister of Interior, aims to classify the prefectures and regions according to the two categories stipulated in Article 8 of the aforementioned decree, which authorizes investment projects completed in the territorial sphere of influence of these prefectures and regions to benefit from territorial grants equal to 10% or 15% of the amount of investment that can benefit from the grants, based on objective criteria that take into account regional specificities and aim to reduce the spatial differences between the prefectures and regions of the Kingdom.
It is worth mentioning that the Framework-Law No. 03.22 is an investment charter, which aims mainly to achieve private investment two-thirds of the total investment by 2035, in accordance with the contents of the new development model, as the objectives of this charter include: creating stable jobs, reducing the differences between the regions and prefectures of the Kingdom in attracting investments, then directing investment towards priority sectors and future professions, in addition to improving the business climate and facilitating the investment process, as well as enhancing the attractiveness of the Kingdom in order to make it a continental and international pole for foreign direct investments.Then encourage exports and the presence of Moroccan enterprises at the international level and encourage the substitution of imports with local production.
The implementation of the provisions of the Investment Charter is an essential milestone in the framework of consolidating the attractiveness of the national economy to national and foreign investments and enhancing our country's economic position at the regional and continental levels, given that it is among the basic legislative texts to activate the new development model, consolidate the foundations of a strong economy integrated into the global value chain and support local production.