The National Investment Committee established under the new Investment Charter holds its first session

• Ratification of 21 agreements and annexes for investment projects worth more than MAD 76 billion, which will create 5,728 direct jobs and 14,707 indirect jobs.
• Strategizing 6 additional projects with an investment capacity of MAD 54.8 billion is expected to create 13,260 direct jobs and 33,150 indirect jobs.

The Head of Government, Mr. Aziz Akhannouch, chaired, on Wednesday, May 24, 2023, in Rabat, the first session of the National Investment Committee, which was established under the new investment charter, as the first meeting of the committee constitutes a new station in activating this charter, in line with the high directives of His Majesty the King, may God assist him, related to accelerating the dynamism of private investment in the Kingdom.
In its first session, the National Investment Committee examined 17 draft agreements and 4 annexes of the agreement, where these projects, worth a total of 76.7 billion dirhams, were approved, as the 21 projects will enable the creation of 5,728 direct jobs and 14,707 indirect jobs. 
The industrial sector leads the approved investment projects, with a value of MAD 53.6 billion, representing 70% of the total investments approved by the committee. It is followed by the seawater desalination project with 14%, and renewable energies with 4% of the total investments.
In terms of job creation, industry is the main sector in terms of the number of jobs created, with projects dedicated to the sector contributing to the creation of 4,213 direct jobs, representing more than 73% of the total number of jobs to be created, while projects programmed in the tourism and health sectors will contribute 8% each.

On the other hand, in order to activate the new powers of the National Investment Committee, and in application of the provisions of the decree related to the activation of the basic investment support system applied to investment projects of a strategic nature, the Committee examined and granted the strategic character to 6 additional investment projects worth MAD 54.8 billion, which are expected to create 13,260 direct jobs and 33,150 indirect jobs. These projects shall be examined by the Technical Committee in charge of investment projects of a strategic nature before their final approval by the National Investment Committee.
Four of the six projects that have been strategized are of interest to electric vehicles, particularly batteries.
During this meeting, the Head of Government, Mr. Aziz Akhannouch, stressed that the convening of the first session of the National Investment Committee comes in a special context characterized by the continuation of the implementation of the State's policy in the field of investment development and development, as well as following the publication of Framework Law No. 03.22 as the Investment Charter in the Official Gazette in December 2022, and the approval by the Government Council in January 2023, of Decree No. 2.23.1 on the activation of the basic investment support system and the special support system applied to investment projects of a strategic nature, and the publication of decrees related to on the same topic in March 2023.
Mr. Aziz Akhannouch added that the government, in implementation of the High Royal Directives, has attached great importance since the beginning of its mandate to defining and implementing the state's new policy in the field of investment as a hub for the Kingdom's economic take-off, recalling the government's keenness to devote the attractiveness of the national economy to national and foreign investments and enhance our country's economic positioning.
 

It is worth mentioning that the first session of the meeting of the National Investment Committee was attended by Mr. Mohamed Hajoui, Secretary General of the Government, Mr. Nizar Baraka, Minister of Equipment and Water, Mr. Chakib Benmoussa, Minister of National Education, Preschool, and Sports, Mr. Khalid Ait Taleb, Minister of Health and Social Protection, Ms. Fatima Ezzahra El Mansouri, Minister of National Territory and Urban Planning, Housing, and City Policy, Mr. Mohamed Sadiki, Minister of Agriculture, Fisheries, Rural Development, Water and Forests, and Mr. Younes Sekkouri, Minister of Economic Integration. Mr. Ryad Mezzour, Minister of Industry and Trade, Mr. Mohcine Jazouli, Minister Delegate to the Head of Government in charge of Investment, Convergence and Evaluation of Public Policies, Mr. Fouzi Lekjaa, Minister Delegate to the Minister of Economy and Finance in charge of the budget, and Ms. Ghita Mezzour, Minister Delegate to the Head of Government in charge of Digital Transition and Administration Reform. In addition to the Secretaries-General, the Ministry of the Interior, the Ministry of Economy and Finance, the Ministry of Youth, Culture, and Communication, the Delegate Ministry in charge of Investment, Convergence, and Evaluation of Public Policies, and the Director General of the Moroccan Agency for Investment and Export Development.