Mohammed VI Investment Fund Selects 14 Companies to Manage Sectoral Funds Worth 19 Billion Dirhams to Support the National Economy
The Mohammed VI Investment Fund has announced the selection of 14 companies to manage sectoral and thematic funds aimed at strengthening the capital of Moroccan businesses, enhancing their investment capacities, and contributing to the creation of sustainable job opportunities.
This announcement aligns with the high royal directives of His Majesty King Mohammed VI, which stated in the speech of October 9, 2020, the establishment of specialized sectoral funds based on the priorities of each phase and the needs of economic sectors.
The selected companies managed to raise a total of 14.5 billion dirhams from national and international capital, while the fund contributed 4.5 billion dirhams, bringing the total volume to 19 billion dirhams, representing a multiplier effect of more than four times. This financing covers various priority sectors in the Moroccan economy, with three funds allocated to the industrial sector, one for agriculture and food industries, two for tourism, one for transportation and logistics, along with seven general funds to meet the needs of businesses, particularly small and medium-sized enterprises, depending on the size of investment tickets.
The list of managing companies includes nine Moroccan firms and five international companies. The funds have been established in Morocco either independently or in partnership with foreign investment institutions. The international companies aim to create local teams, contributing to the development of national competencies and reinforcing Morocco’s position as a financial and investment hub at both regional and continental levels.
The Mohammed VI Investment Fund places special importance on international standards related to environmental responsibility and governance, being committed to the United Nations Principles for Responsible Investment. These standards have been adopted in the selection and monitoring of managing companies, in line with the fund’s objectives to support sustainable and comprehensive development of the national economy.
