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Akhannouch in Parliament: The Investment Charter and Advanced Regionalization Lead to Unprecedented Economic Transformation
The Prime Minister, Aziz Akhannouch, confirmed today, Monday, at the House of Representatives, that the new Investment Charter, along with the activation of regional decentralization, has constituted essential pillars for creating a profound transformation in the structure of the national economy, emphasizing that the current government has succeeded in bringing this strategic initiative into action after more than 26 years of waiting.
During his response to the questions of parliamentary representatives in the monthly accountability session regarding the general policy on small and very small enterprises, Akhannouch stressed that the charter goes beyond the logic of financial incentives, aiming to establish a developmental approach based on social justice and reducing regional disparities by directing investment toward the less benefited areas.
The Prime Minister explained that the charter’s implementation, which began in March 2023, has enabled the approval of 250 investment projects, with a total budget amounting to 414 billion dirhams. These projects are expected to create approximately 179,000 direct and indirect job opportunities, reflecting a new dynamism in attracting productive investment.
In this context, Akhannouch highlighted that the government has activated the principle of decentralization in investment decision-making, raising the ceiling for projects studied at the regional level to 250 million dirhams, up from 100 million dirhams previously. This step aims to expedite procedures and bring decision-making closer to local stakeholders.
He added that these new powers granted to regional investment centers have allowed the examination of 103 investment projects, with 55 of them approved, involving total investments nearing 5.8 billion dirhams, which will create nearly 10,000 direct and indirect job positions.
The Prime Minister concluded by affirming that this trend reinforces the spatial dimension of investment, enhances regional governance, and lays the foundations for a new phase where investment serves as a central lever for achieving balanced and sustainable development at the national level.
