Akhannouch Launches Support System for Very Small, Small, and Medium Enterprises to Enhance Investment and Spatial Justice

Follow-up

Prime Minister Aziz Akhannouch confirmed that very small, small, and medium enterprises are the beating heart of the national economy, emphasizing that the new support system launched by the government on Tuesday represents a strategic bet to support investment and establish spatial justice in order to achieve comprehensive and sustainable development across various areas of the kingdom fairly and without discrimination.

Akhannouch explained during his speech on Tuesday morning at the launch event for this system in the city of Errachidia that this category of enterprises accounts for over 90 percent of the national entrepreneurial fabric and plays an essential role in creating numerous job opportunities annually, being a key driver for economic and social development across various regions of the kingdom. He noted that these enterprises inject vital energy into the economic cycle and contribute to creating a new dynamic for investment, thus enhancing the path towards sustainable development and improving job opportunities.

Akhannouch pointed out that this initiative to support enterprises reflects King Mohammed VI’s vision to promote investment and make it a vehicle for achieving comprehensive and sustainable development, confirming that very small enterprises are a crucial foundation for providing job opportunities. He added that the new support system is one of the most important support frameworks in the Investment Charter, as it consolidates the territorial dimension and allows for equitable distribution of investment mechanisms, enhancing the contribution of enterprises to growth and job creation.

The Prime Minister clarified that the choice of Errachidia city to launch this initiative reflects the significance of the region and its natural, historical, and human resources, noting that the Drâa-Tafilalet region is rich in natural and historical resources, serving as a model for assistance and solidarity, like other regions of the kingdom, in addition to possessing a significant reservoir of vocational training resources and qualified human capabilities.

Akhannouch confirmed that this national initiative translates the High Royal Directives, placing investment at the core of economic recovery efforts, explaining that investment is a pivotal lever for achieving comprehensive and sustainable development and enhancing job opportunities, particularly for youth, in light of the need to expand cooperation and provide job opportunities.

He noted that the new system represents a clear message regarding the capacity of enterprises to contribute to development and economic recovery, stressing that the grants offered may reach 30 percent of the eligible investment value, covering special grants to create job opportunities, rural grants, and others for the permanent employment capital, which constitutes a major driving force for these enterprises to enhance their involvement in economic and social development.

Akhannouch emphasized that the government has simplified the regulatory texts for investment and updated administrative documents to facilitate procedures and accelerate the processing of files, recognizing the vital role played by these enterprises in creating job opportunities. He added that this system will accompany enterprises in qualifying human resources, developing capacities, and adapting training to market needs, considering it one of the most important support mechanisms to enhance investment capacity and competitiveness.

He explained that the government has achieved positive indicators since 2021, including registering a rise in incentive investments by about 512 projects and achieving the set goals related to creating 33,700 job positions, with increased investment in the sectors of commerce, tourism, and industry, strengthening confidence and providing job opportunities.

Akhannouch concluded his speech by emphasizing that the success of implementing this system relies on the cooperation of all stakeholders, noting that this project represents a significant step towards realizing the royal directives to enhance investment and make the private sector a fundamental engine for development, expressing hope that the system will achieve further success thanks to the collaboration among all actors.