Zaghnoun Reveals Progress in Transforming Public Institutions into Joint-Stock Companies and Restructuring Strategic Sectors
Abdellatif Zaghnoun, Director General of the National Agency for Strategic Management of State Contributions and Monitoring the Efficiency of Public Institutions and Enterprises, detailed the progress made in the transformation of commercial public institutions into joint-stock companies, in line with the implementation of Framework Law No. 50.21 and Law No. 82.20.
During a meeting of the Public Finance Oversight Committee at the House of Representatives, Zaghnoun confirmed that the agency is accompanying the concerned ministries and institutions in implementing this process aimed at improving governance, enhancing performance efficiency, and maximizing public assets.
Zaghnoun presented the committee members with the results of projects related to this transformation, noting that there are draft laws at the level of the General Secretariat of the Government concerning the National Office of Hydrocarbons and Mines, the National Airports Office, and the Moroccan Industrial and Commercial Property Office.
Projects that have been finalized and are currently under discussion include the National Fisheries Office, the Maghreb Arab Press, the Official Laboratory for Chemical Testing and Research, and the National Ports Agency.
He also pointed out other draft laws that are in the final preparation phase, including those related to the Collective Equipment Fund and the Agency for the Development of the Bou Regreg Banks, as well as ongoing strategic positioning studies regarding the National Office of Electricity and Drinking Water and the Agency for the Development of the Marchica Lagoon site.
Zaghnoun called for the mobilization of all parties to ensure the success of this process, noting that the agency received 95 requests for opinions on public portfolio operations since April 2023, 78 of which were accepted, while 7 were rejected, and 10 are still under review.
He clarified that the processed opinions are distributed across 47 opinions in the financial sector, 25 in infrastructure, 17 in the energy sector, and 6 opinions related to territorial development, media, and other sectors.
Regarding restructuring projects, Zaghnoun revealed the progress of the restructuring of the audiovisual sector through the establishment of a public hub, which includes the transformation of “Medi 1 TV” and “Medi 1” Radio into subsidiaries of the National Radio and Television Company in 2024, in addition to transforming the “2M” company into a subsidiary in a process that is still underway.
He added that diagnostic meetings with the relevant parties are still ongoing, with the completion of the study expected within six months, following the first meeting of the project steering committee on May 9, 2025.
In the energy sector, Zaghnoun pointed out the progress in reviewing the trilateral agreement between the state, the National Office of Electricity and Drinking Water, and the Moroccan Agency for Sustainable Energy, aimed at updating the technical and commercial terms for implementing renewable energy projects, expediting the transfer of production facilities to the agency, and ensuring the sustainability of economic models.
He mentioned that the restructuring efforts also include the National Railway Office, Barid Al Maghrib, the National Motorways Company, and the Al Omrane Group, where financial plans and memorandums of understanding are being prepared, while working on plans to increase profits transferred to the state treasury.
