Al-Sikouri emphasizes the need to adopt new mechanisms for financing economic growth in Morocco.

Al-Sikouri emphasizes the need to adopt new mechanisms for financing economic growth in Morocco.

- in Economy

Younes Skouri emphasizes the need for new mechanisms to finance economic growth in Morocco

Younes Skouri, Minister of Economic Integration, Small Enterprises, Employment, and Skills, stated that financing economic growth in Morocco requires adopting modern and innovative mechanisms, including unconventional financing and public-private partnerships. He highlighted that the financial resources allocated to cover basic social needs remain insufficient to secure major structural investments.

During the opening of the 2025 World Growth Conference in Rabat, themed “Financing Growth and Shaping the Energy Transition,” Skouri noted that the attractiveness of any country does not rely solely on government programs but is based on deep reforms that include macroeconomic stability, labor market structuring, and the development of intangible capital.

He emphasized that the new investment charter, which has been bolstered by a special mechanism to support very small, small, and medium enterprises, reflects a balanced approach that enhances economic attractiveness by integrating human capabilities, improving procedural quality, and providing a favorable investment environment.

Skouri revealed that Morocco is working to multiply its energy transition investment goals by three to five times, explaining that the Kingdom is on track to provide clean, low-carbon energy at reasonable costs, thanks to its investments in energy infrastructure, which will enable it to anticipate global transformations in this field and strengthen its position as a regional energy hub.

He pointed out that the industrial sector remains one of Morocco’s strategic challenges, noting the significant increase in the volume of industrial exports over the past fifteen years, supported by integrated industrial systems and an effective vocational training system that keeps pace with productive transformations.

The conference witnessed the participation of over 600 figures from more than 50 countries, including senior ministers, high-ranking government officials, heads of international and regional financial institutions, investors, and prominent experts.

The conference is expected to yield the “Rabat Roadmap” concerning financing growth and the energy transition, a reference document containing practical recommendations applicable by local and international stakeholders.

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